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

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%

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.

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.

Showing 89 homes1 filter on · Clear all
89 homesGap to fair value, highest first
Homes for sale in Centro, sorted by gap to fair value, highest first
PhotoAddressPrice€/m²BedsVerdictVs fairDaysCutsAgency
JusticiaJusticia · Ground floor, lift€1,490,000€14,3271042Above fair+62%61 · −6%Barnes Madrid
Chueca - Justicia, Madrid ciudad1st floor, terrace€3,590,000€15,8852262Above fair+61%1801 · −6%AProperties
Chueca - Justicia, Madrid ciudadLower ground, terrace€2,450,000€14,0801742Above fair+59%1801 · −8%AProperties
Ático en venta en Sol – Madrid | Gilmar Consulting InmobiliarioTerrace€1,750,000€10,4171683Above fair+48%1761 · −24%Gilmar
Espectacular piso de autor con balcones.Terrace€2,450,000€14,0001753Above fair+45%1371 · −8%Olisson Club
Elegant 5-room residence in classic building in JusticiaJusticia · Terrace€3,950,000€13,0793025Above fair+41%1371 · −7%Spain Sotheby's International Realty
CentroHuertas · 3rd floor, lift€1,295,000€10,6151223Above fair+39%1812 · −8%Housingo
Madrid, Centro4th floor, lift€1,280,000€12,8001002Above fair+38%1611 · −5%Domus Aurea Capital
Madrid, Centro4th floor, lift€1,190,000€11,9001002Above fair+38%1031 · −7%Domus Aurea Capital
Chueca - Justicia, Madrid ciudadLower ground, terrace€900,000€12,676712Above fair+37%1761 · −5%AProperties
Centro - JusticiaGround floor, terrace€1,650,000€11,7021412Above fair+37%1341 · −8%Savills Spain
Centro4th floor, lift€1,070,000€13,049822Above fair+37%1151 · −7%Housingo
Chueca - Justicia, Madrid ciudad2nd floor, terrace€1,650,000€11,6201421Above fair+36%1592 · −13%AProperties
Classic 3-bed apartment with terrace in CentroTerrace€1,650,000€11,6201423Above fair+36%1423 · −13%Lucas Fox
Apartment with four balconies to renovate in the heart of MadridLas Cortes · Terrace€1,300,000€10,6561222Fair+35%1361 · −4%Spain Sotheby's International Realty
Chueca - Justicia, Madrid ciudad2nd floor, terrace€3,950,000€13,0793023Above fair+35%871 · −7%AProperties
Centro, Chueca-Justicia3rd floor, lift€3,550,000€12,8162773Above fair+31%1811 · −3%Unica Inmobiliaria
Justicia - ChuecaGround floor, lift€1,890,000€10,8621742Above fair+31%1763 · −12%Coldwell Banker
PalacioPalacio · Ground floor, terrace€995,000€11,180893Above fair+31%1381 · −1%Coldwell Banker
Spacious contemporary design flat in the centerTerrace€3,550,000€13,0512723Above fair+31%1151 · −3%Spain Sotheby's International Realty
JusticiaJusticia · Terrace€1,290,000€12,6471022Above fair+30%1782 · −9%The Sibarist
Exclusive Urban Refuge with Private Terrace in the Iconic Torre de MadridTerrace€1,495,000€12,2541222Above fair+30%551 · 0%Spain Sotheby's International Realty
Madrid, Centro6th floor, terrace€1,200,000€11,0091092Above fair+23%1613 · −16%Domus Aurea Capital
Renovated flat with 3 bedrooms in Malasaña neighborhoodMalasaña · Terrace€1,900,000€11,7281623Above fair+22%871 · −3%Spain Sotheby's International Realty
1–24 of 89 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.