Park Place Second Addition Phase 1
Park Place Second Addition Phase 1 Madras Oregon Homes for Sale
Park Place Second Addition Phase 1 is a residential subdivision in Madras Oregon, the Jefferson County seat 45 miles north of Bend. As of May 2026: 2 active SFR listings and 1 closings in the last 6 months. Median sold price $400,000. Months of supply 12.0 (buyer’s market).
Park Place Second Addition Phase 1 Snapshot (May 2026)
| Metric | Value |
|---|---|
| Active SFR listings | **2** |
| Sold last 6 months | **1** |
| Median sold price | **$400,000** |
| Median sale-to-list ratio | **96.4%** |
| Median time to pending | **251 days** |
| Median price per sqft | **$247** |
| Median home size | **1,615 sqft** |
| Median bedrooms | **3** |
| Median year built | **2025** |
| Months of supply | **12.0** (buyer’s market) |
About Madras and Park Place Second Addition Phase 1
Madras sits in Central Oregon with Lake Billy Chinook nearby, lower price points than Bend, agricultural economy, growing residential growth. Park Place Second Addition Phase 1 is one of the residential subdivisions within Madras, offering buyers a specific price band and home style.
What Park Place Second Addition Phase 1 Buyers Should Know
With 12.0 months of supply, Park Place Second Addition Phase 1 is buyer-leaning. Inventory takes longer to move. Buyers have negotiation room on listings that have been on market 60+ days.
What Park Place Second Addition Phase 1 Sellers Should Know
For sellers in Park Place Second Addition Phase 1: pricing right on day one matters. The median sale-to-list ratio of 96.4% on a $400,000 home means most sellers take a small concession off original list. A real CMA based on subdivision-specific comps usually moves the listing decision more than any other input.
Browse Current Listings
See all current Madras MLS-direct listings →
Get a Free CMA
Selling a home in Park Place Second Addition Phase 1? Matt Ryan provides free written CMAs in 24 hours. Real comps from your subdivision, real adjustments for your specific home, no obligation. Request a free CMA →
Work with Matt Ryan
Matt Ryan is a licensed Oregon Principal Broker (license #201206613), owner of Ryan Realty LLC, with 12 years of Central Oregon real estate experience. Office: 115 NW Oregon Avenue, Bend OR 97703. Call 541-213-6706.