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Move-in ready! $5,000 credit possible if use Keely Matteo with Crosscountry Mortgage.Park Place is a new community in SW Madras w/ trails to ''M Hill'' just outside your door & in close proximity to parks, shopping, restaurants and lakes providing scenic outdoor recreation. Lot 8 is a spacious corner lot featuring the Aspen floorplan w/ ample side yard for RV/Boat/toys. A/C & tankless water heater included as well as landscaped front yard & fenced backyard! Primary bdrm features eastern views of sunrise, box vault ceiling, walk-in closet & full bath w/ double vanity. Entertain in your kitchen w/ SS appliances, tile backsplash, quartz countertops w/ island opening to vaulted great room w/ gas fireplace, large windows & door to backyard patio. Durable laminate plank flooring thru-out w/ carpeted bdrms. Laundry/utility room too. Floorplan subject to change. *Some photos virtually staged.
A rough estimate, not a quote. Loan amount $319,920 · $79,980 down · 30 year term.
Insurance starts at $1,000 per $300K of price each year. Type your quote to replace it.
110 listings of every type for sale, 25 pending, 19 sold in the last 30 days. Point at a mark to read it, or slide the price.
In Madras, near Lake Billy Chinook.
Every active and pending listing of every property type on the regional MLS through Oregon Data Share inside the recorded boundary of Madras, plus the closes of the last 30 days. Counts and medians cover every listing read for this map. Roads, rivers and lakes: US Census TIGER/Line 2024, drawn in this map's own projection.
| Date | Event | Price |
|---|---|---|
| Jul 22, 2025 | Price drop | $409,000$6K down |
| Jan 17, 2025 | Listed | $415,000 |
$262 per sq ft
185 days on market. Madras median to pending is 53 days.
The full analysis names every comparable sale and shows the adjustment we made for each one.
Listing fields from Spark. Place median from the live pulse. This is an estimate, not an appraisal. It is not a guarantee of price. See our terms.
New listings
Monthly cash flow, cap rate, and cash-on-cash return at this price. Adjust the numbers to your own financing and rent.
Estimate $1,602 ($1,450–$1,850) · HUD Fair Market Rent (FY2025), Jefferson County, 3BR. Edit to your own number.
At $399,900 with 20% down, this property runs $1,201 per month negative. Adjust the price, down payment, or rent to find what works.
Estimates only, not investment advice or a guarantee of rent, value, or return. Figures depend on the numbers you enter and current market conditions. Verify with your lender, tax advisor, and a Ryan Realty broker before you rely on them.
Listing courtesy of Keller Williams Realty Central Oregon, agent Lauren Hinton, 541-585-3760
Data last updated September 2, 2026
Based on information from Oregon Data Share. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information is for consumers personal, non-commercial use only.
Median close price $385,000 in Aug 2026, down 4.5% from Aug 2025.
Mar 2024 to Aug 2026 (24 months) · Market Truth leftover, Madras city, monthly median close. Completed months only.
This home is listed at $400,000, 12.1% below the Madras median list price. See full Madras market →