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$339,900
Was $349,900 Cut $10,000 (−2.9%)
Listed 172 days; a typical Madras home goes under contract in 56 days; $262 a square foot, about 5% above the Madras median of $250.
regional MLS through Oregon Data Share, median days from listing to contract, detached homes in Madras, trailing 90 days; median closed price per square foot, detached homes in Madras, trailing 12 months, computed Nov 15, 2026 (market_metric, detached). Days listed counts from this home's on-market date to today; $/sqft is this home's price over its living area.
This 3-bed, 1-bath home at 496 SW 2nd Street in Madras is listed at $339,900. It has 1,299 square feet, sits on 0.22 acres, and was built in 1912. Status is Active, with 172 days on market.
Overview
Interior
Exterior & lot
Systems & utilities
Financial
Listing
From the MLS listing. Verify with the listing broker.
Step back in time to this 1912 restored cottage without having to sacrifice modern amenities. Located on a generous double lot. this urban homestead is complete with chicken coop, garden, mini-barn, and is fully fenced and gated. It has been lovingly restored w/antique light fixtures, fresh paint and re-finished hardwood floors. It has an open concept living w/large kitchen complete with beautiful cabinets, new butcher block counters, tile backsplash, farmhouse sink, & stainless steel appliances. No detail was left untouched w/beautiful wood work, trim, & moulding. 3 bedrooms with wallpaper accents, custom trim work w/built ins, vintage lighting, and antique doors. 1 full bath w/LVP floors, tub/shower combo, vanity and updated lighting. HVAC and many other updates throughout the years. Mud room/laundry located off the back w/access to basement for added storage. Located on a corner lot w/ample parking. Second tax lot is buildable. Don't miss your opportunity to see this house.
A rough estimate, not a quote. Loan amount $271,920 · $67,980 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.
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 $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 |
|---|---|---|
| Sep 23, 2026 | Price drop | $339,900$10K down |
| May 28, 2026 | Active | $349,900 |
| May 28, 2026 | Listed | $349,900 |
| Year | Tax |
|---|---|
| 2025 | $1,555 |
Tax as filed on the listing. Jefferson County. Parcel 13027.
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 349900 to ListPrice 339900 · OnMarketDate 2026-05-28, 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 eXp Realty, LLC
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.
