Madrid
Homes for Sale in Tampa, FL
True comps, carrying-cost math, and listings before the portals.
As of September 2026, the MLS records 16 closed sales in Madrid Rev in Tampa, FL since 2015, the most recent in February 2025. Across Tampa as a whole, 4,890 homes closed in the last 12 months at a median of $442,500, 39 median days on market, with 1,287 homes for sale today. At that median and Hillsborough County's FY2025-26 rate of 15.73 mills, annual property tax runs about $6,960 ($6,340 with the full homestead exemption).
Price in Madrid is driven by condition and vintage far more than by any single number. With a build range spanning 1912 to 2024 and a median build year of 1979, you are looking at a genuinely mixed housing stock — early-century homes, mid-century construction, and recent infill all trading in the same market. The median closed price sits in the range you would expect for that spread, but the figure alone tells you little; two homes at similar size can price very differently depending on whether they have been renovated or left original.
For buyers, that means underwriting each property on its own merits — systems, updates, and lot matter more than any neighborhood average. For sellers, the wide spread cuts both ways: a well-updated home stands out, while original-condition inventory competes on price. The high homestead share, at roughly 76%, points to a stock held mostly by owner-occupants rather than churned by investors, which tends to keep turnover measured.
Nearby homes for sale
No active listings inside Madrid Rev right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Madrid is an established, owner-occupied pocket of Tampa where a century-wide range of construction shares one market, so the median masks a lot of variation between updated and original homes.
Stellar MLS sales records identify 35 homes in Madrid that have changed hands since 2004, built between 1921 and 2024 (median 2017), with a median living area of about 2,660 sq ft and a typical 3-bedroom, 2.5-bath layout. Source: Stellar MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
Who Madrid is best for.
Best for
- Buyers wanting a larger, established home with more than 2,400 square feet and room to add value through updates
- Renovation-minded buyers comfortable underwriting older systems and vintage construction
- Long-hold buyers who value an owner-occupied area over high-turnover investor stock
Probably not for
- Buyers set on new construction or a uniform, single-era subdivision
- Turnkey shoppers unwilling to inspect and price around older-home condition
- Buyers needing a deep, fast-moving inventory of listings to choose from
The market around Madrid
Madrid is too small for its own price trend, so here is the market around it.
In ZIP 33629, 213 homes are on the market and 29% are under contract — a steady corner of Tampa.
Across Hillsborough County, 6,274 homes are active and 1,939 pending (24% under contract).
In ZIP 33629 (Tampa), 600 homes closed in the last 12 months at a median of $1.20M ($488/sq ft), up 14.8% year over year, with a median 39 days on market. Right now 50 active and 27 pending listings put supply at about 2.9 months — a healthy market. See the live ZIP 33629 housing market and the Hillsborough County market.
ZIP and county figures describe the wider market, not Madrid specifically. Momentum Research analysis of MLS records.
The Madrid buying strategy.
If we were buying in Madrid today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Madrid.
A mixed-vintage stock, held long
With 453 homes and a median build year of 1979, this is a fully built-out area rather than a new-construction play. The 1912-to-2024 range is the story: you will find early-century houses next to postwar builds and the occasional new home on a redeveloped lot. Median living area runs just over 2,400 square feet, so these are not starter footprints — expect real space, but expect to read each floor plan and each renovation history carefully.
The homestead share of about 76% signals a market of long-term owners, which usually means fewer listings hitting the market at once and homes that have been lived in and maintained rather than flipped. That can make timing and inventory patience part of the buying strategy here.
The location and the amenities are priced into every listing in Madrid. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a community where a single median number hides a wide condition-and-vintage spread, our value is in pricing each home against its true comparables rather than the area average. We help buyers underwrite older systems and renovation quality, and we position sellers so an updated home is not lumped in with original-condition inventory.
Madrid in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Madrid buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Madrid sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Madrid, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Madrid home worth?
Get a no-obligation home value based on real comparable sales in Madrid, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See all homes for sale in Tampa →
Should you buy in Madrid?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Under-contract shares | Stellar MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2015 (16 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Stellar MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Stellar MLS member average and 8 days faster, and we’ll price yours against live local comps.
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See how Madrid fits the bigger picture — live prices, inventory, and Momentum Scores:
Schools serving nearby communities
We do not have a confirmed school assignment for Madrid. These are the public schools most often assigned to other communities in ZIP 33629; zones change and vary by address, so confirm with the district before you buy.
- Plant High School · Public (assigned to 3 nearby communities)
- Coleman Middle School · Public · FLDOE grade A (assigned to 2 nearby communities)
Assignments from district data for neighboring communities; grades are official Florida Department of Education school grades (2025-26).
Common questions about Madrid
Where is Madrid?
Madrid is a community in Tampa, Hillsborough County, Florida, ZIP 33629.
Are there homes for sale in Madrid right now?
No active listings inside Madrid at the last feed refresh. The nearest homes for sale, with distances from the community, are shown on this page and refreshed nightly.
Does Madrid have an HOA or CDD?
No HOA is on record for Madrid in our data. Verify dues, what they cover, and any special assessment for a specific address before you offer.
Answers are generated from county property records, MLS feeds and the figures on this page, as of the page date; deemed reliable but not guaranteed.
Nearby Communities
Explore more neighborhoods near Madrid with Momentum Realty’s local guides.