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 177 homes1 filter on · Clear all
177 homesGap to fair value, lowest first
Homes for sale in Centro, sorted by gap to fair value, lowest first
PhotoAddressPrice€/m²BedsVerdictVs fairDaysCutsAgency
Centro3rd floor, parking€1,270,000€9,2701374Above fair+2%6No readBarnes Madrid
Madrid, Centro6th floor, terrace€2,740,000€9,7862804Above fair+5%1612 · −12%Domus Aurea Capital
PalacioPalacio · Lift€1,895,000€9,8191934Above fair+5%6No readBarnes Madrid
CentroJusticia · Terrace€1,750,000€13,0601342Above fair+6%110No readEngel & Völkers
Lienzo en blanco en edificio de 1900Justicia · 1st floor, terrace€1,950,000€12,9141512Above fair+7%68No readDiza Consultores
Malasaña - Universidad, Madrid ciudadMalasaña · Terrace€1,200,000€9,3751282Above fair+8%1No readAProperties
Renovated 3-bed apartment with terrace in Palacio, CentroPalacio€1,700,000€10,1801673Above fair+10%38No readLucas Fox
Piso en venta en Palacio – Madrid | Gilmar Consulting InmobiliarioPalacio · Terrace€1,650,000€10,0611643Above fair+11%1761 · −3%Gilmar
Piso en venta Centro, Justicia, Madrid1 590 000 EURLift€1,590,000€11,1191432Above fair+11%1371 · −20%John Taylor Spain
JusticiaJusticia · Terrace€2,050,000€12,5001643Above fair+12%178No readThe Sibarist
CentroPalacio · 4th floor, terrace€1,675,000€10,2761633Above fair+12%175No readEngel & Völkers
Piso en venta en Justicia – Madrid | Gilmar Consulting InmobiliarioJusticia€1,950,000€12,9141513Above fair+12%9No readGilmar
Magnifico piso y muy luminoso.Huertas€2,600,000€13,9041874Above fair+13%19No readOlisson Club
Cortes5th floor, terrace€1,150,000€13,068882Above fair+13%6No readBarnes Madrid
Luminoso piso reformadoTerrace€1,390,000€8,9101563Above fair+14%19No readOlisson Club
Malasaña - Universidad, Madrid ciudadMalasaña · 1st floor, terrace€1,150,000€12,778902Above fair+14%1No readAProperties
Inversión ideal en JusticiaJusticia · Parking€750,000€12,931582Above fair+15%179No readDiza Consultores
CentroPenthouse, terrace€1,095,000€12,733862Above fair+15%175No readEngel & Völkers
Espectacular piso de 3 habitaciones completamente reformadoLift€1,750,000€9,0211943Above fair+15%137No readOlisson Club
Centro, Malasaña-UniversidadMalasaña · 4th floor, terrace€995,000€10,153982Above fair+15%1361 · −8%Unica Inmobiliaria
CentroGround floor, terrace€950,000€13,380711Above fair+16%175No readEngel & Völkers
Calle Gran Vía 30, 28013 MadridGround floor, parking€1,990,000€10,5851883Above fair+16%142No readKnight Frank
Malasaña - Universidad, Madrid ciudadMalasaña · Terrace€1,050,000€10,3961011Above fair+16%136No readAProperties
PalacioPalacio · 3rd floor, lift€1,790,000€10,8481653Above fair+16%6No readBarnes Madrid
1–24 of 177 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.