The listing price of housing in Madrid stands at €7,332 per square metre in the second quarter of 2026, 4.5% higher than a year ago, although with a correction of 0.8% compared to the previous quarter. The gap between districts remains very wide: from €11,996 in Salamanca to €3,055 in Villaverde.
The residential market in Madrid has closed the second quarter of 2026 with an average listing price of €7,332 per square metre, representing a year-on-year increase of 4.5%, according to data collected by the big data real estate platform Brains Real Estate. However, the pace of increase has moderated compared to the previous quarter, when the year-on-year rise was 10.9%. Furthermore, compared to the first quarter of 2026, the price per square metre has experienced a slight decline of 0.8%.
The average total price for homes for sale in the municipality has decreased to €885,617, 2.6% less than a year ago and 1.8% less than in the previous quarter. This decline contrasts with the evolution of the price per square metre, suggesting that the properties currently on the market are of smaller average size or are concentrated in more affordable districts.
New builds, on the other hand, maintain a more pronounced upward trend. The average price per square metre for new construction stands at €6,807, 8.8% higher than a year ago, although with a very moderate quarterly increase of 0.3%. The average total price of a new build reaches €860,817, 8.1% more than in the second quarter of 2025, although 1.3% less than in the previous quarter.
The average time a property remains on the market before being sold is kept at 2.98 months, 9.8% less than a year ago. However, the quarterly decline has halted (+0.8%), indicating that demand continues to absorb supply quickly, but the pace of acceleration is beginning to stabilise.
The data also reflects a change in the trend of price negotiations. In the second quarter of 2026, the quarterly variation in the average price change has been -4.45 points, more pronounced than in the previous quarter (-3.30). The percentage of properties with price reductions has risen to 11.81%, compared to 10.42% in the first quarter, while the percentage of price increases has dropped to 1.68% (down from 2.14% previously). These are the first signs that sellers are beginning to concede a bit more margin in a market that remains characterised by low supply.
The gap between the most expensive and the most affordable districts remains very pronounced. The district of Salamanca continues to lead the ranking with a listing price of €11,996 per square metre, followed by Chamberí (€9,977/m2), Retiro (€9,966/m2), Chamartín (€9,220/m2) and Centro (€8,067/m2). All of these significantly exceed the municipal average.
At the opposite end, the southern and southeastern districts offer the most affordable prices. Puente de Vallecas (€3,251/m2), Villaverde (€3,055/m2), Usera (€3,584/m2) and Carabanchel (€3,732/m2) are the most affordable in the municipality. However, these districts also record the highest annual increases, reflecting demand pressure seeking more economical alternatives.
For homebuyers in Madrid, this data indicates that the market is beginning to show signs of moderation, although prices remain at high levels. The supply of new builds continues to be dynamic, while the second-hand housing market shows some restraint. Sales timelines remain short, forcing interested parties to stay alert for opportunities that may arise.
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