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
Barrio
All barrios
Has had a price cut
Showing 231 homes1 filter on · Clear all
Sort: Gap to fair value, lowest first
231 homesGap to fair value, lowest first
Homes for sale in Centro, sorted by gap to fair value, lowest first
PhotoAddressPrice€/m²m²BedsVerdictVs fairDaysCutsAgency
Vivienda completamente reformada en Justicia | Centro | MadridTerrace€6,559,000€26,5552473No readNo read141No readChristie's Real Estate Madrid
Piso en venta Centro, Justicia, Madrid3 450 000 EUR€3,450,000€19,1671803No readNo read137No readJohn Taylor Spain
Vivienda exclusiva en JusticiaGround floor, lift€4,000,000€21,2771883No readNo read115No readOlisson Club
JusticiaJusticia€4,990,000€20,7922403No readNo read111No readThe Sibarist
CentroPalacio · 1st floor, terrace€3,590,000€14,3602503No readNo read111No readHousingo
Ático de lujo dúplex en la plaza de las CortesLas Cortes · Ground floor, terrace€5,250,000€13,8163803No readNo read111No readDiza Consultores
Exclusivo ático dúplex de lujo en el corazón de MadridHuertas · Terrace€5,250,000€13,6723843No readNo read87No readOlisson Club
Obra nueva en CortesGround floor, parking€4,950,000€12,8243863No readNo read87No readDiza Consultores
Obra nueva en CortesGround floor, parking€4,950,000€12,5633943No readNo read87No readDiza Consultores
Wonderful flat in Justicia, next to Salesas, in a classic buildingTerrace€3,850,000€18,1602123No readNo read87No readSpain Sotheby's International Realty
Piso en venta en Cortes – Madrid | Gilmar Consulting InmobiliarioLift€865,000€4,6511863No readNo read87No readGilmar
Exclusividad, privacidad y arquitectura clásica en el corazón de Salesas3rd floor, terrace€4,000,000€21,3901873No readNo read68No readDiza Consultores
Piso en venta Centro, Universidad, Madrid2 190 000 EURTerrace€2,190,000€9,5222303No readNo read611 · −4%John Taylor Spain
Centro - JusticiaJusticia · Ground floor, terrace€3,500,000€18,1351933No readNo read38No readSavills Spain
Señorial propiedad de autor, singularizada por sus nueve majestuosos balcones a la calle.Justicia · Terrace€5,900,000€19,1563083No readNo read7No readOlisson Club
217–231 of 231 homes

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.