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Madrid Homes for Sale

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  • 28 Backroad Unit A, Cerrillos, NM 87010
    28 Backroad Unit A, Cerrillos, NM 87010
    28 Backroad Unit A, Cerrillos, NM 87010
    /36

    $400,000

    • 2 Beds
    • 1 Bath
    • 1,533 Sq Ft

    28 Backroad Unit A, Cerrillos, NM 87010

    Nestled on an oversized lot bordering the town greenbelt, this beautifully updated Madrid cabin blends historic character with thoughtful modern enhancements. The expanded country kitchen is a true centerpiece, featuring open shelving, butcher-block counters, and a generous center island ideal for gourmet cooking and entertaining. The updated bathroom offers a luxurious soaking tub, and much of

    Cindy Sheff Sotheby's Int. RE/Grant

    28 Backroad Unit A, Cerrillos, NM 87010
  • 1 Opera House Rd, Cerrillos, NM 87010
    1 Opera House Rd, Cerrillos, NM 87010
    1 Opera House Rd, Cerrillos, NM 87010
    /45

    $500,000

    • 3 Beds
    • 2 Baths
    • 1,750 Sq Ft

    1 Opera House Rd, Cerrillos, NM 87010

    This inviting Madrid townsite property blends historic character with modern updates, featuring an upgraded kitchen and a detached guest house complete with a full bath and kitchenette. It’s an ideal fit for a homeowner seeking rental income, a private studio, or a strong investment opportunity. Originally one of Madrid’s miner cabins, the main home has been lovingly restored and thoughtfully

    Cindy Sheff Sotheby's Int. RE/Grant

    1 Opera House Rd, Cerrillos, NM 87010
  • 2805 New Mexico 14, Los Cerrillos, NM 87010
    2805 New Mexico 14, Los Cerrillos, NM 87010
    2805 New Mexico 14, Los Cerrillos, NM 87010
    /6

    $199,000

    • Land
    • 1.53 Acres
    • $130,065 per Acre

    2805 New Mexico 14, Los Cerrillos, NM 87010

    Rare opportunity to purchase five contiguous vacant lots being sold together 1.5337 acres with Water Electric and septic availabl this offering is a unique chance to rebuild or develop in a setting with key utilities already in place. The property features a private well, septic system, and electric service, providing a strong starting point for future construction. With multiple lots included,

    Leland Titus Santa Fe Realty Unlimited

    2805 New Mexico 14, Los Cerrillos, NM 87010
  • 2864 New Mexico 14, Los Cerrillos, NM 87010
    2864 New Mexico 14, Los Cerrillos, NM 87010
    2864 New Mexico 14, Los Cerrillos, NM 87010
    /14

    $549,000

    • 3 Beds
    • 2.5 Baths
    • 1,424 Sq Ft

    2864 New Mexico 14, Los Cerrillos, NM 87010

    This commercial property with 2 apartments and a casita i on Highway 14 is located in the center of Madrids business district. Madrid is an eccentric and creative town located twenty miles south of Santa Fe. There are many shops, galleries and restaurants and other year round attractions. This is a turnkey commercial property that has a new roof, new electrical work installed a new hot water

    Terrance Polly Cholla Properties

    2864 New Mexico 14, Los Cerrillos, NM 87010
  • 34 Ice House Rd, Madrid, NM 87010
    34 Ice House Rd, Madrid, NM 87010
    34 Ice House Rd, Madrid, NM 87010
    /30

    $120,000

    • Land
    • 0.75 Acre
    • $160,000 per Acre

    34 Ice House Rd, Madrid, NM 87010

    Rare Ready-to-Build Turnkey 0.75-Acre Lot in Madrid, NM – Well, Power, Flat & Zoned Commercial/ResidentialUnlike typical off-grid NM land, this leveled parcel has water well + electricity on-site. Walk to art galleries, restaurants, coffee shops, general store. Stunning canyon views to Waldo Mesa & Cerrillos Hills. Rural commercial overlay allows live-work builds in historic style. Madrid

    Michael Sanford Barker Realty, LLC

    34 Ice House Rd, Madrid, NM 87010
New Mexico Santa Fe County Cerrillos Madrid

Real Estate & Homes for Sale in Madrid, Cerrillos

Learn more about living in Madrid

Frequently Asked Questions

Is Madrid a good place to live?
Madrid is a good place to live. Madrid is considered very car-dependent and somewhat bikeable with minimal transit options. Madrid is a neighborhood with a crime score of 1, making it safer than the average neighborhood in the U.S. Madrid has 2 parks for recreational activities. It has a median age of 61. The average household income is $39,031 which is below the national average. College graduates make up 51.7% of residents. A majority of residents in Madrid are home owners, with 26.3% of residents renting and 73.7% of residents owning their home. A local real estate agent serving Madrid can help you decide if this neighborhood is the right one for you. Learn more on our Madrid neighborhood guide.
Is Madrid, NM a safe neighborhood?
Madrid, NM is safer than the average neighborhood in the United States. It received a crime score of 1 out of 10.
How much do you need to make to afford a house in Madrid?
The median home price in Madrid is $444,000. If you put a 20% down payment of $88,800 and had a 30-year fixed mortgage with an interest rate of 6.22%, your estimated principal and interest payment would be $2,180 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $93K a year to afford the median home price in Madrid. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Madrid is $39K.
What are the best public schools in Madrid?
The best public schools that serve Madrid are:
What are the most popular zip codes in Madrid, Cerrillos, NM?
The most popular zip codes in Madrid, Cerrillos, NM include 87010, 87508, 87507, 87540 and 87001.
What are the most popular neighborhoods near Madrid, Cerrillos, NM?
The most popular neighborhoods near Madrid, Cerrillos, NM are Galisteo, La Cienega, San Pedro, Eldorado at Santa Fe and Lamy.

Home Trends in Madrid, NM

On average, homes in Madrid, Cerrillos sell after 127 days on the market compared to the national average of 55 days. The median sale price for homes in Madrid, Cerrillos over the last 12 months is $377,000, up 24% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$377,000
Median Single Family Sale Price
$390,000
Average Price Per Sq Ft
$315
Number of Homes for Sale
5
Last 12 months Home Sales
8
Months of Supply
7.50
Median List Price
$444,000
Median Change From 1st List Price
14%
Median Home Sale Price YoY Change
24%
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