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 October 2024 the average price asked for residential properties for sale was € 5,113 per square meter, with an increase of 24.68% compared to December 2023 (4,101 €/m²). Over the past 2 years, the average price in Madrid municipality reached its peak in October 2024, with a value of € 5,113 per square meter. The month with the lowest asking price was January 2023: for a property for sale, the average price asked was € 3,871 per square meter.

In October 2024 the average price asked for residential rental properties was € 24.26 per month per square meter, with an increase of 9.38% compared to December 2023 (€ 22.18 monthly per square meter). Over the past 2 years, the average price in Madrid municipality reached its peak in October 2024, with a value of € 24.26 per square meter. The month with the lowest asking price was January 2023: for a rental property, the average price asked was € 17.77 per month per square meter.

Prices per square meter of the zones in Madrid

During October 2024, the asking price for properties for sale in Madrid was highest in the Salamanca area, with € 8,180 per square meter. The lowest price, instead, was in the Villaverde area, with an average of € 2,133 per square meter.
During the same month, the asking price for rental properties in Madrid was highest in the Villa de Vallecas area, with € 29.23 per month per square meter. The lowest price, instead, was in the Vicálvaro area, with an average of € 14.46 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.