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Foreclosure Homes in Madras, OR 97741

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Madras, OR Foreclosures

How much do homes sell for in Madras, OR?
The average home price is currently $357,461.
In Madras, OR, how many homes are available?
There are currently 25 active home listings available in Madras.
What’s the average rental cost in Madras, OR?
The average rental price in Madras is $1,136.
What is the most expensive home in Madras?
The most expensive home sold in Madras had a price of $10,630,940.
What is currently the cheapest priced home in Madras, OR?
The cheapest home for sale in Madras is priced at $14,988.

Living in Madras, OR

Madras, Oregon, is a charming small town nestled in Central Oregon, renowned for its stunning outdoor recreational opportunities such as fishing, hiking, and camping. With a strong sense of community, top-notch schools, and local amenities, Madras offers a balanced lifestyle perfect for families and outdoor enthusiasts alike.

Current Market Conditions in Madras, OR

The real estate market in Madras, OR, remains competitive with a steady demand for homes. As of late 2023, home prices have experienced a modest increase due to the area's growing popularity among families and retirees. Inventory levels are relatively low, which has been driving bidding wars and pushing prices slightly higher, particularly for well-maintained homes in desirable neighborhoods.

The market is showing signals of continuous growth, with new developments underway to meet the increasing needs of the population. Investors are particularly interested in properties that support the influx of new residents seeking the outdoor lifestyle Madras provides.

Home Value Estimator For Madras, OR

There are currently 3,028 real estate properties in Madras, OR, with a median automated valuation model (AVM) price of $321,912.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Madras, OR, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Madras, OR, is $357,461.00, with the most expensive house in Madras, OR, topping out at $10,630,940.00 and the cheapest home in Madras, OR, clocking in at $14,988.00. In other words, there’s something for every potential homebuyer or savvy investor in Madras, OR!

Rent Prices In Madras, OR

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Madras, OR, is on a rollercoaster ride. The average rent price in Madras, OR, is $1,136.00. Indeed, when looking to rent in Madras, OR, you can expect to pay as little as $610.00 or as much as $2,460.00, with the average rent median estimated to be $1,110.00. The good news is that finding an affordable and desirable property to rent in Madras, OR -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Madras, OR 97741 Foreclosures


Market Trend for Madras, OR

Total Listings Available: 25

Market Values:

Home Prices from $14,988 to $10,630,940

Average Sales Price: $357,461

Rental Values:

Rental from $610 to $2,460

Average Rent Value: $1,136 / month

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