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Featured local agent — Madrid, IA
Sarah Mitchell
Compass Real Estate · Madrid, IA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Madrid, IA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$181,900median sale price
How is the Madrid, IA housing market right now?
The median home sale price in Madrid, IA is $181,900, down 22.6% year-over-year. Homes sell in an average of 5 days with 7 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Madrid a buyer's or seller's market?
Madrid, IA is currently a strong seller's market, based on 1.4 months of supply and homes selling in about 5 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
5
Fast-moving
Active listings
7
1.4 months supply
Sale-to-list
98.0%
Below asking
What does the Madrid housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $181,900 |
| Median list price | $277,450 |
| Year-over-year price change | -22.6% |
| Average days on market | 5 days |
| Active inventory | 7 listings |
| Months of supply | 1.4 months |
| Sale-to-list price ratio | 98.0% |
| Median price per sq ft | $177/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 6 |
| Listings with a price cut | 14.3% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Madrid by property type?
How the Madrid, IA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $181,900 | $177/sq ft | 5 | 5 days |
| Townhouse | $300,000 | $165/sq ft | 1 | 5 days |
Source: Redfin · Updated monthly
The Madrid housing market is currently classified as a strong seller's market with a median sale price of $181,900. Prices have fallen 22.6% compared to last year, with homes spending an average of 5 days on market, indicating 1.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.3x provides context for how home values compare to local earning capacity.
Homes for sale in Madrid
There are currently 7 homes listed for sale in Madrid, Iowa. The median listing price is $277K.
Active listings
7
Homes on market
Median list price
$277K
Avg. days on market
5
Days until sale
New this week
6
Newly listed
Who lives in Madrid?
Population
2,803
Median income
$86,915/yr
Median age
40.1 years
Owner-occupied
82.0%
College grads
22.6%
Avg commute
25.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Madrid?
Zillow home value
$289,459
Price-to-income
3.3x
Source: Zillow Research
What is it like to live in Madrid?
Madrid is a community of approximately 3K residents with a median age of 40.1 years.The median household income is $86,915, which reflects a relatively affluent area with strong earning potential. 22.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 82.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 25.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Madrid offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Madrid?
4 schools tracked · 641 students
The largest public schools serving Madrid, IA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Madrid Elementary School
Grades K-5 · 266 students
Madrid High School
Grades 9-12 · 200 students
Madrid Junior High School
Grades 6-8 · 149 students
Madrid Elementary Preschool
Grades PK · 26 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Madrid, IA?
Want a head-to-head view? Compare Madrid side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Madrid?
The median home sale price in Madrid is $181,900, down 22.6% from last year.
How long do homes stay on market in Madrid?
Homes typically spend 5 days on market before going under contract.
What is the median income in Madrid?
The median household income is $86,915 per year.
Is Madrid a buyer's or seller's market?
With 1.4 months of supply, Madrid is currently a strong seller's market.
What is the Zillow home value estimate for Madrid?
The Zillow Home Value Index (ZHVI) for Madrid is $289,459, representing the typical home value in the area.
How much does a single-family home cost in Madrid?
The median single-family home price in Madrid, IA is $181,900 (about $177 per square foot).
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