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Preforeclosure Homes in Madras, OR

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Madras, OR Foreclosures

How much do homes sell for in Madras, OR?
The average home price is currently $357,304.
In Madras, OR, how many homes are available?
There are currently 4 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 $10,609,660.
What is currently the cheapest priced home in Madras, OR?
The cheapest home for sale in Madras is priced at $14,981.

Living in Madras, OR

Madras, Oregon offers a charming small-town atmosphere with a wealth of outdoor recreational opportunities. Nestled in a region known for its stunning landscapes, it features a close-knit community and a variety of local amenities. The city’s commitment to education and community events enhances the quality of life for its residents.

Current Market Conditions in Madras, OR

The real estate market in Madras has been experiencing steady growth in recent months, driven by an influx of new residents seeking affordable housing options. The average home price has risen slightly, indicating increased demand. Market activity is vibrant, with a mix of new constructions and existing homes drawing interest from buyers.

The balance of supply and demand in Madras is favorable for sellers, with many homes receiving multiple offers shortly after listing. This trend has been observed in various neighborhoods, showcasing the attractiveness of the area's lifestyle and affordability compared to larger urban centers.

Home Value Estimator For Madras, OR

There are currently 3,027 real estate properties in Madras, OR, with a median automated valuation model (AVM) price of $322,109.00. 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 $357,304.00, with the most expensive house in Madras, OR, topping out at $10,609,660.00 and the cheapest home in Madras, OR, clocking in at $14,981.00. 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 Preforeclosure Homes


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