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This charming and budget-friendly 3-bedroom, 2-bath home is perfect for first-time buyers or investors. Located in a desirable area of Madras, this property offers both comfort and convenience.
Recent upgrades include a newer roof, exterior paint, gutters, and storm door (2020). The home features laminate flooring throughout, a finished single-car attached garage, and a spacious backyard complete with a cedar storage shed. A mini-split system, installed by Central Oregon Heating & Cooling, ensures year-round comfort. Situated close to the hospital and parks, this home offers great value and a fantastic location. Don't miss this opportunity to own a well-maintained property in a growing community!
A rough estimate, not a quote. Loan amount $262,400 · $65,600 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, 26 pending, 18 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 |
|---|---|---|
| Dec 4, 2025 | Price drop | $325,000$3K down |
| Oct 10, 2025 | Price drop | $328,000$11K down |
| Jul 26, 2025 | Listed | $339,000 |
$287 per sq ft
130 days on market. Madras median to pending is 53 days.
Tax $2,478 per year.
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 $328,000 with 20% down, this property runs $835 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 Windermere Realty Trust, agent Barbara Barany, 541-923-4663
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 $328,000, 27.9% below the Madras median list price. See full Madras market →