Housing prices in the municipality of Madrid

Property prices trend in Madrid

The following charts show price trends over time for all types of residential property in Madrid, both for sale and for rent.

In March 2024 for residential properties for sale was asked an average of € 4,261 per square meter, with an increase of 9.45% compared to March 2023 (3,893 €/m²). Over the past 2 years, the average price in Madrid municipality reached its peak in March 2024, with a value of € 4,261 per square meter. The month with the lowest asking price was May 2022: for a property for sale was asked an average of € 3,721 per square meter.

In March 2024 for residential rental properties was asked an average of € 22.71 per month per square meter, with an increase of 22.89% compared to March 2023 (€ 18.48 monthly per square meter). Over the past 2 years, the average price in Madrid municipality reached its peak in March 2024, with a value of € 22.71 per square meter. The month with the lowest asking price was May 2022: for a rental property was asked an average of € 15.55 per month per square meter.

Prices per square meter of the zones in Madrid

During March 2024, the asking price for properties for sale in Madrid was highest in the Salamanca area, with € 6,461 per square meter. The lowest price, instead, was in the Villaverde area, with an average of € 2,113 per square meter.
During the same month, the asking price for rental properties in Madrid was highest in the Centro area, with € 26.51 per month per square meter. The lowest price, instead, was in the Vicálvaro area, with an average of € 14.09 per month per square meter.

The following charts show information about the real estate property of the municipality of Madrid and a summary of the demographic and socio-economic aspects that characterize its resident population, consisting of 3,334,730 inhabitants.