This 3-bed, 1-bath home at 585 SW Fairgrounds Road in Madras is listed at $450,000. It has 1,440 square feet, sits on 4.43 acres, and was built in 1948. Status is Active, with 487 days on market, including prior listing.
Overview
Interior
Exterior & lot
Systems & utilities
Financial
Listing
From the MLS listing. Verify with the listing broker.
Are you looking for a FIXER UPPER or for potential DEVELOPMENT property? This could be for you. A 4 bedroom home 1440 square feet with 1 bath, SOLD AS IS with several horse corrals, fenced, cross fenced, a shed with electricity, a barn all located on the corner of Fairgrounds Rd and Culver Highway. With a development coming in behind this property. There are 3 lots that have been partitioned 1 that is 2.43 acres with the house, and 2 - 1 acre lots all three lots with irrigation rights.
A rough estimate, not a quote. Loan amount $360,000 · $90,000 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 $375,500, the middle of 159 single family closed sales over the last 12 months. (Oregon Data Share MLS, as of Oct 31, 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 1, 2026
| Date | Event | Price |
|---|---|---|
| Oct 27, 2026 | Price change | $450,000$50K down |
| Jun 29, 2026 | Price change | $499,999 |
| Apr 13, 2026 | Price drop | $499,999$50K down |
| Feb 6, 2026 | Listed | $549,999 |
| Feb 6, 2026 | CanceledPrior listing, MLS 220205101 | $549,999$50K down |
| Jul 2, 2025 | ListedPrior listing, MLS 220205101 | $599,999 |
| Year | Tax |
|---|---|
| 2026 | $2,516 |
Tax as filed on the listing. Jefferson County. Parcel 11800.
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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 October 31, 2026
Ryan Realty analysis · n=159 · read 2026-11-01 | Ryan Realty analysis · n=67 · read 2026-11-01 | Ryan Realty analysis · n=150 · read 2026-11-01 | public.listings, this listing · OriginalListPrice 549999 to ListPrice 450000 · first listed 2025-07-02 as MLS 220205101 of the same property (Canceled 2026-02-06, relisted within 60 days), 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 Cascade Hasson SIR
Data last updated November 1, 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.
