Market Overview for Madrid

There are 2 active listings in Madrid with a median list price of $431K and a median sold price of $475K.

Homes average 123 days on market.

Over the past 30 days, 1 homes have sold, with 15 sales in the past 12 months.

The average price per square foot is $176.

About Madrid

Madrid is a master-planned residential subdivision located in Georgetown, Texas, within Williamson County and the 78628 zip code. The community sits along the DB Wood Road corridor west of I-35 and south of Inner Loop, approximately 3 miles southwest of the Georgetown town square. Madrid is part of the broader growth area between Georgetown and Round Rock, with Shell Road forming part of its western boundary. The subdivision was developed in the early 2010s and contains approximately 300 single-family homes arranged along curvilinear streets with cul-de-sacs and a central green space.

Homes in Madrid typically range from $300,000 to $450,000, with most residences featuring three to five bedrooms and 1,600 to 3,000 square feet of living space. Architectural styles lean toward traditional Texas Hill Country designs with stone and stucco facades, covered front porches, and two-car garages. Lot sizes average between 5,000 and 8,000 square feet. The community includes a homeowners association that maintains common landscaping, the neighborhood park, and enforces deed restrictions. Monthly HOA dues cover maintenance of shared amenities and common areas within the subdivision.

Madrid is served by Georgetown Independent School District. Students in the subdivision typically attend Carver Elementary School, Tippit Middle School, and Georgetown High School. Carver Elementary serves grades pre-K through 5 and enrolls approximately 650 students. Tippit Middle School covers grades 6 through 8 with around 900 students enrolled. Georgetown High School serves grades 9 through 12 with roughly 2,200 students and offers Advanced Placement courses, dual-credit programs through Temple College, and career and technical education pathways in fields including health sciences, welding, and agricultural sciences.

Commuters from Madrid reach downtown Austin in approximately 35 to 45 minutes via I-35, depending on traffic. The Georgetown employment corridor along I-35 and Williams Drive includes healthcare facilities, retail centers, and distribution operations within a 10-minute drive. Capital Metro does not currently serve Georgetown directly, though the city operates the GoGeo transit system with fixed routes and demand-response service. Grocery options include H-E-B on Williams Drive and Walmart Supercenter on I-35, both within a five-minute drive.

Living in Madrid

Madrid features single-story and two-story homes on compact lots with maintained front yards and shared sidewalks connecting to the neighborhood park and playground areas. Streets are relatively new, with concrete curbing, storm drainage infrastructure, and underground utilities installed during the initial buildout. The HOA maintains common landscaping along entry medians and the central green space. Property tax rates fall under Williamson County and Georgetown ISD jurisdictions, with combined rates near $2.10 per $100 of assessed valuation. Most homes include covered patios, fenced backyards, and open floor plans with granite or quartz countertops standard across the original builder options.