Photo: Ashton B Crew · CC BY 3.042 homes sold in Madrid in the last year, at a typical $238K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Madrid homes are listed.
Every place Madrid homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Madrid.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 98% of Madrid’s sales, at a typical $236K
42 homes sold in the year to May 2026.
typical sale · 41 sold in 12 months
- Per square foot
- $192IA $158
- Days to sell
- 46
- Sold over asking
- 34%
- Listings with a price cut
- 38%
Townhouses: 1 sold, typical $300K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at twice the 2016 price
42 sales in the last year, against 58 in 2019 and a low of 30 in 2015. The typical sale went from $125K in 2016 to $238K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $250K buys in Madrid
Check a listing against what Madrid homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Madrid are more common than before the pandemic, but 16% fewer homes come up for sale
We read every month of Madrid’s home sales since 2015 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 42 sales.
If you’re buying in Madrid
- Shop in March. It brings about 5 new listings a month, close to the busiest month, with fewer bidding wars (24% over asking).
- Bid near asking. Buyers paid 99.3% of the list price on average; 36% paid over.
- You’ll usually have time. Only 30% of homes go under contract within two weeks; the typical one takes 43 days.
Summer brings the homes; winter brings the bidding wars
June has the most new listings (about 5 a month), but February is the most competitive: 38% of February sales close over asking. March and April offer nearly as much choice with fewer homes bid up (24%). December has the least competition (15%) but only about 1 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and hotter than Iowa
| Madrid now | 2017–19 | 2021 peak | IA now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 36% | 23% | 35% | 22% |
| Gone within two weeksShare of homes under contract within 14 days | 30% | 3% | 23% | 36% |
| Listings with a price cutShare of homes for sale that cut their price | 38% | — | 23% | 27% |
| Price paid vs. askingAverage sale price ÷ list price | 99.3% | 96.5% | 99.3% | 97.7% |
| Days to sellMedian days from listing to contract | 43 | 90 | 31 | 45 |
11 homes for sale on a typical day
That’s 2.2 times the 2023 low (5), 16% fewer than in 2017–19 and well under 2016’s 22.
1 in 3 listings has cut its price
38% in the last year, against — in 2017–19 and 27% across Iowa.
Source: Redfin Data Center, city market tracker, January 2015 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Madrid home costs about $1,559 a month
Price: Madrid’s typical sale, last 12 months. Property tax at Madrid’s 1.6% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Madrid is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 1.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $238K home, about $3,800 a year.
Taxes vs. neighborsSchools
The schools grade for Madrid, from test results, graduation and how much students grow.
Schools in MadridCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Woodward and Boone sell for less a square foot; Granger, Polk City and Huxley for far more
The busier markets within 25 miles of Madrid, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Johnston | 328 | $382K | $221 | 19% | 44 |
| Boone | 195 | $189K | $148 | 21% | 47 |
| Polk City | 124 | $403K | $263 | 20% | 67 |
| Huxley | 68 | $335K | $262 | 25% | 67 |
| Granger | 55 | $324K | $241 | 22% | 80 |
| Madrid | 42 | $238K | $191 | 36% | 43 |
| Woodward | 29 | $232K | $184 | 21% | 32 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Madrid, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Madrid. People who follow the town see it, and so do people comparing Madrid with their own town. No commission, no listing fee.
Questions about buying a home in Madrid
What do homes sell for in Madrid, IA?
42 homes sold in the year to May 2026 at a typical $238K, $191 a square foot.
Is Madrid a buyer’s or seller’s market?
A seller’s market: 7 homes were for sale in May 2026 and 5 sold, about 1.4 months of supply. Buyers paid 99.3% of asking on average, and 38% of listings cut their price.
When is the best time to buy in Madrid?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Madrid?
About 1.6% of a home’s value a year. On a $238K home that’s near $3,800.
Where can I see homes for sale in Madrid?
Zillow, Redfin, Realtor.com and Homes.com all carry Madrid’s MLS listings; the search links above open each one filtered to Madrid.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).