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Royal Estates

MADRID, IA 50156

Real Estate Market Report  ·  Boone County
Balanced Market
June 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 50156

Royal Estates

Market Analysis

Data as of June 2026. Source: Realtor.com.

The MADRID, IA real estate market (50156) currently shows 24 active listings, with 10 pending sales. Homes are averaging 37 days on the market before going under contract.

Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice.

Homes are selling faster, averaging 37 days on market compared to 68 days last year.

The median listing price has risen 48% year-over-year, from $244,900 to $362,500.

Whether you are buying or selling in MADRID, IA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 4,644  ·  Density: 20.3/mi²  ·  Median household income: $88,661

Typical home value: $204,534  ·  Homeownership: 85.5%

Market Overview

Active Listings
24
⇧ 50% vs 16 last year
Pending
10
42% pending ratio
Median Price
$362,500
⇧ 48% vs $244,900 last year
Average Price
$399,078
⇩ 11.8% vs $452,232 last year
Days on Market
37
⇩ 45.6% vs 68 days last year

Price Per Square Foot

Median $/sqft
$214
⇩ 4.5% vs $224/sqft last year
Median Home Size
1,754 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 24 this year vs 16 last year
  • Days on market: 37 now vs 68 last year

Median & Average Pricing

Year over Year
  • Median: $362,500 (+48% YoY)
  • Average: $399,078 (-11.8% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 17.4 miles — 738 listings ($309,201,873 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
50156Madrid, IA 501560.0 mi30$8,466,120$291,225$282,204
50243Sheldahl, IA 502436.0 mi4$1,249,900$312,475$312,475
50276Woodward, IA 502767.0 mi13$3,830,606$251,150$294,662
50226Polk City, IA 502268.8 mi77$42,797,293$489,900$555,809
50124Huxley, IA 5012410.1 mi31$13,356,598$373,725$430,858
50039Bouton, IA 5003911.9 mi2$349,800$174,900$174,900
50036Boone, IA 5003613.1 mi90$21,081,240$223,750$234,236
50046Cambridge, IA 5004614.3 mi7$2,024,750$230,000$289,250
50131Johnston, IA 5013114.8 mi138$72,245,070$411,375$523,515
50063Dallas Center, IA 5006315.9 mi5$1,411,750$263,950$282,350
50212Ogden, IA 5021216.1 mi12$3,255,852$230,500$271,321
50105Gilbert, IA 5010516.9 mi8$4,002,808$498,425$500,351
50021Ankeny, IA 5002117.4 mi321$135,130,086$362,248$420,966

Frequently Asked Questions

How many homes are for sale in MADRID, IA 50156?

As of June 2026, there are 24 active listings in MADRID, IA (zip code 50156), compared to 16 the prior year.

What is the median home price in MADRID, IA 50156?

The median listing price in MADRID, IA 50156 is $362,500 as of June 2026, a 48% increase from $244,900 the prior year.

How long do homes stay on the market in MADRID, IA?

Homes in MADRID, IA 50156 spend an average of 37 days on the market before going under contract, compared to 68 days the prior year.

Is it a seller's or buyer's market in MADRID, IA 50156?

Based on current inventory and days-on-market data as of June 2026, MADRID, IA 50156 is currently a Balanced Market. Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice. Homes are selling faster, averaging 37 days on market compared to 68 days last year.

How much can I save on real estate commission in MADRID, IA?

With SELL123.com's maximum 3% commission, sellers in MADRID, IA 50156 save an estimated $7,250 compared to a typical 5% commission on the median listing price of $362,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.