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$499,900
Was $529,000 Cut $29,100 (−5.5%)
Listed 479 days; a typical Madras home goes under contract in 56 days; $191 a square foot, about 24% below 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 5-bed, 3-bath home at 2551 SW Ford Lane in Madras is listed at $499,900. It has 2,612 square feet, sits on 0.38 acres, and was built in 1967. Status is Active, with 479 days on market.
Overview
Interior
Exterior & lot
Systems & utilities
Financial
Listing
From the MLS listing. Verify with the listing broker.
Plenty of room on this 5 bedroom property in the country surrounded by farm land and close to Lake Billy Chinook. Great primary residence or vacation home for the Central Oregon outdoor enthusiast. Inside, the kitchen featuring wooden cabinetry, offering plentiful storage. Natural light filters through the window above the sink, offering a view outdoors. The basement features an expansive recreational room. Here, a classic brick fireplace anchors the room, promising warmth and a focal point for gatherings during cooler seasons. The inclusion of a pool table showcases the room's versatility and scale. This space, complete with built-in storage solutions makes for a superb entertainment hub or potential in-law suite. This property, with its substantial living areas and the promise of outdoor transformation, is an offering poised for the next owner to make it their own.
A rough estimate, not a quote. Loan amount $399,920 · $99,980 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 |
|---|---|---|
| Aug 12, 2026 | Back on market | $499,900 |
| May 27, 2026 | Price drop | $499,900$29K down |
| Jul 24, 2025 | Listed | $529,000 |
| Year | Tax |
|---|---|
| 2024 | $3,784 |
Tax as filed on the listing. Jefferson County. Parcel 2646.
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 529000 to ListPrice 499900 · first listed 2025-07-24 in this listing's history, earlier than OnMarketDate 2026-08-12, 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 Keller Williams Realty Central Oregon
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.
