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$665,000
Was $679,000 Cut $14,000 (−2.1%)
Listed 193 days; a typical Madras home goes under contract in 57 days; $252 a square foot, about 1% above the Madras median of $248.
regional MLS through Oregon Data Share, median days from listing to contract, detached homes in Madras, trailing 90 days; median closed price per square foot, detached homes in Madras, trailing 12 months, computed Nov 9, 2026 (market_metric, detached). Days listed counts from this home's on-market date to today; $/sqft is this home's price over its living area.
This 3-bed, 2.5-bath home at 505 SE Rancho Lane in Madras is listed at $665,000. It has 2,641 square feet, sits on 2.18 acres, was built in 2003, and is in Ranchos. Status is Active, with 193 days on market.
Overview
Interior
Exterior & lot
Systems & utilities
Financial
From the MLS listing. Verify with the listing broker.
Buyer opportunity: With an acceptable offer, seller will consider a rate-buydown contribution or price adjustment. Beautifully maintained custom home in quiet & coveted Madras neighborhood on 2+ acres. The 2,641 sq ft main living area features two primary suites, spacious rooms, hardwood and tile flooring, a propane fireplace, living and family rooms, and formal dining. The kitchen offers custom alder cabinetry, abundant storage, and generous workspace. Upstairs is the second primary suite, a loft, and a roomy third bedroom. The walk-out daylight basement adds approx 1,800 sq ft, partially finished with insulation, sheetrock, a plumbed bath, and rough electrical--ready for your vision, multi-generational living, or potential income use. Enjoy mountain views from the private deck with Sunsetter awning, plus native landscaping, an outdoor fireplace, and an oversized 2-car garage. A rare opportunity offering space, privacy, and flexibility! Seller is a licensed Oregon real estate agent.
A rough estimate, not a quote. Loan amount $532,000 · $133,000 down · 30 year term.
Insurance starts at 0.35% of price each year. Type your quote to replace it.
Every active and pending listing of every property type on the regional MLS through Oregon Data Share inside the recorded boundary of Madras. The wash is sales density of closes in the last 90 days; homes for sale and pending stay as marks. Pulses and the sold count are the closes of the last 30 days. Counts and medians cover every listing read for this map.
The median sale price is $375,000, the middle of 159 single family closed sales over the last 12 months. (Oregon Data Share MLS, as of Nov 8, 2026)
Madras
live MLS through Oregon Data Share, active single-family houses in Madras, the same count and median list the Madras market figures on this site publish. This price is the published list price. Months of supply = active listings divided by average monthly closings over the last 6 months (homes closed in the last 6 months divided by 6). A lower months-of-supply figure means fewer homes for sale relative to the recent sales pace. · updated Nov 9, 2026
| Date | Event | Price |
|---|---|---|
| Jul 20, 2026 | Price drop | $665,000$14K down |
| Jun 22, 2026 | Price drop | $679,000$11K down |
| May 1, 2026 | Listed | $689,900 |
| Year | Tax |
|---|---|
| 2025 | $5,430 |
Tax as filed on the listing. Jefferson County. Parcel 1624.
Madras · What to do about this house
The typical cut was 4.5% off the original ask, and the typical home went under contract in 57 days.
Madras single family homes · every sale that closed in the 12 months to November 8, 2026
Ryan Realty analysis · n=159 · read 2026-11-09 | Ryan Realty analysis · n=66 · read 2026-11-09 | Ryan Realty analysis · n=150 · read 2026-11-09 | public.listings, this listing · OriginalListPrice 689900 to ListPrice 665000 · OnMarketDate 2026-05-01, calendar days to today in America/Los_Angeles · not DaysOnMarket, which is list-to-close
Tour requests usually get a same-day reply.
Listing courtesy of Windermere Realty Trust
Data last updated November 10, 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.
Listing