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 188 homes1 filter on · Clear all
Sort: Gap to fair value, lowest first
188 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 · 1st floor, terrace€725,000€5,6201293Below fair−33%12No readAProperties
Sol, Madrid ciudad4th floor, terrace€825,000€6,3461303Below fair−33%1No readAProperties
Madrid, CentroJusticia · Ground floor, lift€1,400,000€8,1871713Below fair−32%161No readDomus Aurea Capital
Malasaña - Universidad, Madrid ciudadMalasaña · 1st floor, terrace€750,000€6,0001252Below fair−32%1362 · −6%AProperties
Lavapiés - Embajadores, Madrid ciudadLavapiés · 2nd floor, terrace€720,000€6,4291122Below fair−32%58No readAProperties
Centro1st floor, terrace€1,000,000€6,4101565Below fair−31%110No readEngel & Völkers
Modern flat in the center of MadridTerrace€955,000€7,7021242Below fair−31%103No readSpain Sotheby's International Realty
Cortes6th floor€1,981,000€10,4811894Below fair−31%6No readBarnes Madrid
CentroJusticia · Terrace€1,200,000€8,9551343Below fair−30%175No readEngel & Völkers
CentroLavapiés · 1st floor, terrace€1,269,000€6,6441915Below fair−30%175No readEngel & Völkers
CentroPenthouse, terrace€1,050,000€8,5371232Below fair−30%175No readEngel & Völkers
Luminosidad, vistas y ubicación privilegiada junto a la Plaza MayorTerrace€895,000€8,9501002Below fair−30%87No readOlisson Club
Bajo en venta en Salvador – Madrid | Gilmar Consulting InmobiliarioTerrace€895,000€6,4861382Below fair−30%9No readGilmar
CentroMalasaña · 3rd floor€748,000€6,5041152Below fair−30%6No readBarnes Madrid
CentroMalasaña · Ground floor, lift€830,000€6,3361315Below fair−30%6No readBarnes Madrid
3-bed apartment with terrace in Las Tablas, MadridTerrace€795,000€6,5701213Below fair−29%176No readGilmar
Centro3rd floor, terrace€1,300,000€6,7711923Below fair−29%175No readEngel & Völkers
Madrid CentroLift€980,000€6,6671473Below fair−29%167No readIvory Homes
Apartamento completamente renovado en barrio de JusticiaJusticia · Terrace€1,400,000€8,8051593Below fair−29%164No readVeraltia
Piso en venta en Madrid (Centro) (ref.2483)Malasaña · Lift€1,250,000€8,6811441Below fair−29%115No readScala Properties
CentroMalasaña · Terrace€1,560,000€8,8641763Below fair−29%110No readEngel & Völkers
Centro1st floor, terrace€1,350,000€6,6182044Below fair−29%110No readEngel & Völkers
Centro2nd floor, terrace€815,000€6,4171272Below fair−29%110No readEngel & Völkers
Sol, Madrid ciudad3rd floor, terrace€1,750,000€8,1402152Below fair−28%1802 · −24%AProperties
49–72 of 188 homes
  • Palacio, Madrid ciudadPalacio · 129 m² · 3 bed€725,000€5,620/m²
    −33%Vs fair
    12Days listed
    No readCuts
    Below fairAProperties
  • Sol, Madrid ciudad130 m² · 3 bed€825,000€6,346/m²
    −33%Vs fair
    1Days listed
    No readCuts
    Below fairAProperties
  • Madrid, CentroJusticia · 171 m² · 3 bed€1,400,000€8,187/m²
    −32%Vs fair
    161Days listed
    No readCuts
    Below fairDomus Aurea Capital
  • Malasaña - Universidad, Madrid ciudadMalasaña · 125 m² · 2 bed€750,000€6,000/m²
    −32%Vs fair
    136Days listed
    2 · −6%Cuts
    Below fairAProperties
  • Lavapiés - Embajadores, Madrid ciudadLavapiés · 112 m² · 2 bed€720,000€6,429/m²
    −32%Vs fair
    58Days listed
    No readCuts
    Below fairAProperties
  • Centro156 m² · 5 bed€1,000,000€6,410/m²
    −31%Vs fair
    110Days listed
    No readCuts
    Below fairEngel & Völkers
  • Modern flat in the center of Madrid124 m² · 2 bed€955,000€7,702/m²
    −31%Vs fair
    103Days listed
    No readCuts
    Below fairSpain Sotheby's International Realty
  • Cortes189 m² · 4 bed€1,981,000€10,481/m²
    −31%Vs fair
    6Days listed
    No readCuts
    Below fairBarnes Madrid
  • CentroJusticia · 134 m² · 3 bed€1,200,000€8,955/m²
    −30%Vs fair
    175Days listed
    No readCuts
    Below fairEngel & Völkers
  • CentroLavapiés · 191 m² · 5 bed€1,269,000€6,644/m²
    −30%Vs fair
    175Days listed
    No readCuts
    Below fairEngel & Völkers
  • Centro123 m² · 2 bed€1,050,000€8,537/m²
    −30%Vs fair
    175Days listed
    No readCuts
    Below fairEngel & Völkers
  • Luminosidad, vistas y ubicación privilegiada junto a la Plaza Mayor100 m² · 2 bed€895,000€8,950/m²
    −30%Vs fair
    87Days listed
    No readCuts
    Below fairOlisson Club
  • Bajo en venta en Salvador – Madrid | Gilmar Consulting Inmobiliario138 m² · 2 bed€895,000€6,486/m²
    −30%Vs fair
    9Days listed
    No readCuts
    Below fairGilmar
  • CentroMalasaña · 115 m² · 2 bed€748,000€6,504/m²
    −30%Vs fair
    6Days listed
    No readCuts
    Below fairBarnes Madrid
  • CentroMalasaña · 131 m² · 5 bed€830,000€6,336/m²
    −30%Vs fair
    6Days listed
    No readCuts
    Below fairBarnes Madrid
  • 3-bed apartment with terrace in Las Tablas, Madrid121 m² · 3 bed€795,000€6,570/m²
    −29%Vs fair
    176Days listed
    No readCuts
    Below fairGilmar
  • Centro192 m² · 3 bed€1,300,000€6,771/m²
    −29%Vs fair
    175Days listed
    No readCuts
    Below fairEngel & Völkers
  • Madrid Centro147 m² · 3 bed€980,000€6,667/m²
    −29%Vs fair
    167Days listed
    No readCuts
    Below fairIvory Homes
  • Apartamento completamente renovado en barrio de JusticiaJusticia · 159 m² · 3 bed€1,400,000€8,805/m²
    −29%Vs fair
    164Days listed
    No readCuts
    Below fairVeraltia
  • Piso en venta en Madrid (Centro) (ref.2483)Malasaña · 144 m² · 1 bed€1,250,000€8,681/m²
    −29%Vs fair
    115Days listed
    No readCuts
    Below fairScala Properties
  • CentroMalasaña · 176 m² · 3 bed€1,560,000€8,864/m²
    −29%Vs fair
    110Days listed
    No readCuts
    Below fairEngel & Völkers
  • Centro204 m² · 4 bed€1,350,000€6,618/m²
    −29%Vs fair
    110Days listed
    No readCuts
    Below fairEngel & Völkers
  • Centro127 m² · 2 bed€815,000€6,417/m²
    −29%Vs fair
    110Days listed
    No readCuts
    Below fairEngel & Völkers
  • Sol, Madrid ciudad215 m² · 2 bed€1,750,000€8,140/m²
    −28%Vs fair
    180Days listed
    2 · −24%Cuts
    Below fairAProperties

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.