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Cheap Homes in Madras, OR

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Madras, OR Foreclosures

Current Market Conditions in in Madras, OR As of January 2026?
In the last month, Madras has seen a slight uptick in home prices, reflecting a growing interest in the area as an attractive destination for both families and retirees. With the summer season coming to a close, new listings have picked up but remain low compared to the number of interested buyers. This imbalance has led to homes receiving multiple offers, often above the asking price. Additionally, interest rates have stabilized recently, encouraging more buyers to enter the market, although affordability remains a concern for some. Overall, the real estate conditions have shifted towards a more competitive landscape.
How much do homes sell for in Madras, OR?
The average home price is currently $386,969.
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 $10,524,619.
What is currently the cheapest priced home in Madras, OR?
The cheapest home for sale in Madras is priced at $14,860.

Living in Madras, OR

Madras, OR is a charming town surrounded by stunning natural landscapes and embraced by outdoor adventure opportunities. With a vibrant community, excellent schools, and an array of local amenities, it's an inviting place to settle. The town is conveniently located near major highways, providing easy access to larger cities while maintaining a peaceful small-town atmosphere.

Buyer vs Seller Market in Madras, OR

The real estate market in Madras has been steadily growing, with a noticeable increase in demand for single-family homes. Buyers are attracted to the area's affordability compared to nearby towns, and the influx of new residents is contributing to rising home prices. The appreciation rate has been strong, making it a favorable market for investors looking for long-term growth potential.

Currently, Madras is experiencing a competitive market, with low inventory pushing home values up. The average time on market for listings has decreased as buyers seek properties in this desirable region. As demand continues to outpace supply, homeowners are seeing increased equity in their properties. This trend is expected to continue, making it a prime area for those looking to enter the real estate market.

Home Value Estimator For Madras, OR

There are currently 3,525 real estate properties in Madras, OR, with a median automated valuation model (AVM) price of $329,060.00. 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 $386,969.00, with the most expensive house in Madras, OR, topping out at $10,524,619.00 and the cheapest home in Madras, OR, clocking in at $14,860.00. 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.

Cheap Homes in Madras, OR


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