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NE Polk Street in Madras is listed at $295,000. It sits on 1.93 acres. Status is Active, with 1,356 days on market, including prior listing.
Overview
Exterior & lot
Systems & utilities
Financial
Listing
From the MLS listing. Verify with the listing broker.
Attention builders, developers, and investors! Now priced at $295,000, that's under $30K per lot for this 10-parcel development opportunity. Zoned R-2, the property supports single-family, multi-family, manufactured homes, and other high-density uses. Sewer has been extended to the street, with water and power available. Prime location within Madras city limits, close to the hospital, shopping, dining, and more. Potential for city and mountain views. Buyers to verify all development possibilities and SDC fees with the City of Madras.
A rough estimate, not a quote. Loan amount $236,000 · $59,000 down · 30 year term.
The starting rate is the Freddie Mac 30-year fixed, via FRED published for the week of Nov 9, 2026. You can change 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 $378,000, the middle of 155 single family closed sales over the last 12 months. (Oregon Data Share MLS, as of Nov 14, 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 15, 2026
| Date | Event | Price |
|---|---|---|
| Jun 10, 2026 | Back on market | $295,000 |
| Aug 11, 2025 | Price drop | $295,000$100K down |
| Sep 16, 2024 | Price increase | $395,000$146K up |
| Aug 5, 2024 | Price drop | $249,000$26K down |
| Mar 18, 2024 | Price drop | $275,000$20K down |
| Feb 16, 2024 | Price drop | $295,000$5K down |
| Sep 22, 2023 | Listed | $300,000$125K down |
| Aug 30, 2023 | ExpiredPrior listing, MLS 220156692 | $425,000$324K down |
| Feb 28, 2023 | ListedPrior listing, MLS 220156692 | $749,000 |
| Year | Tax |
|---|---|
| 2023 | $734 |
Tax as filed on the listing. Jefferson County. Parcel 908.
Similar homes
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 14, 2026
Ryan Realty analysis · n=155 · read 2026-11-15 | Ryan Realty analysis · n=63 · read 2026-11-15 | Ryan Realty analysis · n=146 · read 2026-11-15 | public.listings, this listing · OriginalListPrice 300000 to ListPrice 295000 · first listed 2023-02-28 as MLS 220156692 of the same property (Expired 2023-08-30, 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 15, 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.
