Frankly.

District · one of Madrid’s 21

Centro

Historic heart of Madrid. Unmatched culture and access — at a premium.

769homes for sale right nowfor sale277 to rent

from 36 agencies · checked yesterday

See the homes

At a glance

Who lives here, what homes sell for, what they rent for.

Each card leads with the figure most buyers ask about, then compares it with Madrid city. Green means up, red means down, blue means little change.

Neighbourhood

€44,958household income a yeara year

Madrid €49,916Household income · Madrid €49,916

Official district

People

Population
down 3.1% in a year
141,800
Average age
Madrid 44.2
43.9
Aged 65 or over
Madrid 20.7%
16.9%
Registered unemployment
Madrid 5.8%
5.3%
Years of income to buy
average-size home (72 m²) ÷ household income · Madrid 9.8
11.7 years

SaleCentro · askingasking

€9,712per m²

Madrid, homes we track: €11,000

Price trend

up 3.4%in a yeardown 1.9%on the quarter

Official price index · all second-hand sales in the district

What homes here sold for

Homes here sold for about
registered sales across the whole district, brought up to this quarter · not matched to barrioswhole district · not matched to barrios
€7,350/m²
Asking vs sold
Homes we track ask about 32% more than recorded sales across the district. Part of that is location.about 32% more, whole district
+32%

Homes for sale now

Priced below our fair value
of 640 homes we can read
29%
Typical time advertised
since we first saw each one
115 days
Have cut their price
89 of 769
12%
See the homes

RentCentro · askingasking

€29.6per m² a month

Madrid, homes we track: €29.7

Rents declared for tax

In 2024
up 4.1% that year
€17.7 per m²

Homes to rent now

To rent now
homes we track
277
Typical rent
half ask less, half more
€2,950 a month
Typical time listed
since we first saw each one
129 days

Asking rents of the homes we track. Declared rents come from tax returns and run about two years behind.

See homes to rent

No grade for mortgage defaults or squatting (okupación), on purpose. Spain publishes both only for the whole province, so a Centro grade would be invented precision.

Homes in Centro

Every home for sale in Centro, with our read on each price.Every home for sale, with our read on each price.

Sorted by the gap to our fair value, so homes priced furthest below it come first. Click any column heading to sort by it instead.

For sale769For rent277
Price
€700k – €13M
Bedrooms
Any1234+
Size
41 – 1,629 m²
Our verdict
AllBelow fairFairAbove fair
BarrioPalacio
Has had a price cut
Showing 80 homes1 filter on · Clear all
Sort: Gap to fair value, lowest first
80 homesGap to fair value, lowest first
Homes for sale in Centro, sorted by gap to fair value, lowest first
PhotoAddressPrice€/m²m²BedsVerdictVs fairDaysCutsAgency
Palacio, Madrid ciudadPalacio · 3rd floor, terrace€1,000,000€9,0911103Fair+10%1No readAProperties
Piso en venta en Palacio – Madrid | Gilmar Consulting InmobiliarioPalacio · Terrace€1,650,000€10,0611643Above fair+11%1761 · −3%Gilmar
CentroPalacio · 4th floor, terrace€1,675,000€10,2761633Above fair+12%175No readEngel & Völkers
PalacioPalacio · 3rd floor, lift€1,790,000€10,8481653Above fair+16%6No readBarnes Madrid
Palacio, Madrid ciudadPalacio · 1st floor, terrace€1,263,000€9,7151302Above fair+17%1No readAProperties
CentroPalacio · 3rd floor, terrace€1,690,000€10,7641573Above fair+18%175No readEngel & Völkers
C. de Leganitos, 18, Centro, 28013 MadridPalacio · Terrace€3,300,000€18,9661744Fair+19%175No readBestFlat
PalacioPalacio · 4th floor€3,180,000€19,2731655Above fair+19%6No readBarnes Madrid
PalacioPalacio · 4th floor, lift€1,660,000€11,2161481Above fair+20%6No readBarnes Madrid
Piso en venta en Palacio – Madrid | Gilmar Consulting InmobiliarioPalacio · Lift€1,100,000€9,9101114Above fair+21%0No readGilmar
Piso Madrid - 71 m²Palacio · 4th floor€825,000€11,620713Above fair+24%6No readBarnes Madrid
PalacioPalacio · Ground floor, terrace€995,000€11,180893Above fair+31%1381 · −1%Coldwell Banker
Centro, MadridPalacio · Lift€1,295,000€11,2611152Fair+33%3No readEspígul
Palacio, Madrid ciudadPalacio · 2nd floor, terrace€1,175,000€11,990982Above fair+45%6No readAProperties
Encantador piso de lujo en PalacioPalacio€2,675,000€12,1592203Above fair+47%167No readVeraltia
Impresionante piso reformado en el centro de MadridPalacio · Lift€2,600,000€15,3851693Above fair+68%137No readOlisson Club
PalacioPalacio · Ground floor, terrace€3,300,000€7,6394323No readNo read176No readColdwell Banker
PalacioPalacio · Ground floor, terrace€3,390,000€7,5334503No readNo read176No readColdwell Banker
Ático en Madrid, CENTRO, ventaPalacio · Lift€1,150,000€7,8231473No readNo read167No readPresidence
Ref: 336 - Ático ÚNICO Palacio Real - Plaza de España - 250m² - 1.890.000 €Palacio · 11th floor, terrace€1,890,000€5,1643664No readNo read167No readTOP Real Estate
Piso palacio en SerranoPalacio · Terrace€9,800,000€19,2535094No readNo read164No readDiza Consultores
Palacio, MadridPalacio · Ground floor, terrace€3,300,000€18,8571754No readNo read148No readBHHS Spain
Palacio histórico del siglo XIX con proyecto para exclusivo hotel boutique en MallorcaPalacio · Ground floor, terrace€3,500,000€2,1491,629No readNo readNo read137No readOlisson Club
Centro, MadridPalacio · Parking€6,700,000€16,5024065No readNo read115No readBHHS Spain
49–72 of 80 homes
  • Palacio, Madrid ciudadPalacio · 110 m² · 3 bed€1,000,000€9,091/m²
    +10%Vs fair
    1Days listed
    No readCuts
    FairAProperties
  • Piso en venta en Palacio – Madrid | Gilmar Consulting InmobiliarioPalacio · 164 m² · 3 bed€1,650,000€10,061/m²
    +11%Vs fair
    176Days listed
    1 · −3%Cuts
    Above fairGilmar
  • CentroPalacio · 163 m² · 3 bed€1,675,000€10,276/m²
    +12%Vs fair
    175Days listed
    No readCuts
    Above fairEngel & Völkers
  • PalacioPalacio · 165 m² · 3 bed€1,790,000€10,848/m²
    +16%Vs fair
    6Days listed
    No readCuts
    Above fairBarnes Madrid
  • Palacio, Madrid ciudadPalacio · 130 m² · 2 bed€1,263,000€9,715/m²
    +17%Vs fair
    1Days listed
    No readCuts
    Above fairAProperties
  • CentroPalacio · 157 m² · 3 bed€1,690,000€10,764/m²
    +18%Vs fair
    175Days listed
    No readCuts
    Above fairEngel & Völkers
  • C. de Leganitos, 18, Centro, 28013 MadridPalacio · 174 m² · 4 bed€3,300,000€18,966/m²
    +19%Vs fair
    175Days listed
    No readCuts
    FairBestFlat
  • PalacioPalacio · 165 m² · 5 bed€3,180,000€19,273/m²
    +19%Vs fair
    6Days listed
    No readCuts
    Above fairBarnes Madrid
  • PalacioPalacio · 148 m² · 1 bed€1,660,000€11,216/m²
    +20%Vs fair
    6Days listed
    No readCuts
    Above fairBarnes Madrid
  • Piso en venta en Palacio – Madrid | Gilmar Consulting InmobiliarioPalacio · 111 m² · 4 bed€1,100,000€9,910/m²
    +21%Vs fair
    0Days listed
    No readCuts
    Above fairGilmar
  • Piso Madrid - 71 m²Palacio · 71 m² · 3 bed€825,000€11,620/m²
    +24%Vs fair
    6Days listed
    No readCuts
    Above fairBarnes Madrid
  • PalacioPalacio · 89 m² · 3 bed€995,000€11,180/m²
    +31%Vs fair
    138Days listed
    1 · −1%Cuts
    Above fairColdwell Banker
  • Centro, MadridPalacio · 115 m² · 2 bed€1,295,000€11,261/m²
    +33%Vs fair
    3Days listed
    No readCuts
    FairEspígul
  • Palacio, Madrid ciudadPalacio · 98 m² · 2 bed€1,175,000€11,990/m²
    +45%Vs fair
    6Days listed
    No readCuts
    Above fairAProperties
  • Encantador piso de lujo en PalacioPalacio · 220 m² · 3 bed€2,675,000€12,159/m²
    +47%Vs fair
    167Days listed
    No readCuts
    Above fairVeraltia
  • Impresionante piso reformado en el centro de MadridPalacio · 169 m² · 3 bed€2,600,000€15,385/m²
    +68%Vs fair
    137Days listed
    No readCuts
    Above fairOlisson Club
  • PalacioPalacio · 432 m² · 3 bed€3,300,000€7,639/m²
    No readVs fair
    176Days listed
    No readCuts
    No readColdwell Banker
  • PalacioPalacio · 450 m² · 3 bed€3,390,000€7,533/m²
    No readVs fair
    176Days listed
    No readCuts
    No readColdwell Banker
  • Ático en Madrid, CENTRO, ventaPalacio · 147 m² · 3 bed€1,150,000€7,823/m²
    No readVs fair
    167Days listed
    No readCuts
    No readPresidence
  • Ref: 336 - Ático ÚNICO Palacio Real - Plaza de España - 250m² - 1.890.000 €Palacio · 366 m² · 4 bed€1,890,000€5,164/m²
    No readVs fair
    167Days listed
    No readCuts
    No readTOP Real Estate
  • Piso palacio en SerranoPalacio · 509 m² · 4 bed€9,800,000€19,253/m²
    No readVs fair
    164Days listed
    No readCuts
    No readDiza Consultores
  • Palacio, MadridPalacio · 175 m² · 4 bed€3,300,000€18,857/m²
    No readVs fair
    148Days listed
    No readCuts
    No readBHHS Spain
  • Palacio histórico del siglo XIX con proyecto para exclusivo hotel boutique en MallorcaPalacio · 1,629 m²€3,500,000€2,149/m²
    No readVs fair
    137Days listed
    No readCuts
    No readOlisson Club
  • Centro, MadridPalacio · 406 m² · 5 bed€6,700,000€16,502/m²
    No readVs fair
    115Days listed
    No readCuts
    No readBHHS Spain

Asking prices, as published; we have not checked them against the deed. “Below fair” means cheaper per m² than three in four similar homes nearby; “Above fair”, dearer than three in four. The % compares each home with the median price per m² of those similar homes. Every row opens the home’s own page with the working shown.Asking prices, as published; not checked against the deed. “Below fair” means cheaper per m² than three in four similar homes nearby.

Found one you like? Ask before you offer.

The verified agent can tell you what the numbers above leave out: works planned on a building, how a street feels at night, and what a seller here is likely to accept.The verified agent can tell you what the numbers leave out: works planned on a building, how a street feels at night, what a seller here is likely to accept.

Check one home’s price

An independent buyer’s agent in Madrid that Frankly has verified. 30 minutes, free, no obligation — paid by you, not by the seller.An independent buyer’s agent Frankly has verified. 30 minutes, free. Paid by you, not by the seller.