Is Madras, OR 97741 a buyer’s or seller’s market?
Madras is a balanced market. With about 5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 44% of U.S. ZIP codes, and #99 of 170 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Madras housing market right now
In the three months ending August 31, 2026, 30% of homes in Madras, OR 97741 sold above their list price, the typical home went under contract in 69 days and there were 5 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 59 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 14%, homes sold faster (74 days then) and the median sale price fell 12% to $351,753. Overall, Madras is more competitive than a year ago, so tougher for buyers.
On our competition score, Madras ranks #99 of 170 OR ZIP codes with enough sales (score 44 out of 100).
Nearby, buyers who want less competition could look at Culver 97734 (0% sold over asking) or Camp Sherman 97730 (0% sold over asking).
Run the numbers for 97741
Nearby markets
Camp Sherman 97730Buyer’s market $657 /sq ftCulver 97734Buyer’s market $271 /sq ft Browse all markets →Towns like Madras nearby
Find towns like Madras in other states →Where Madras is
Loading map…
Questions about Madras real estate
Is Madras a buyer’s or seller’s market?
A balanced market: there were 5 months of supply in Madras, OR 97741 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Madras?
The typical home went under contract in 69 days in the latest three months.
Do homes in Madras sell over asking?
30% of homes sold above their original list price, and the typical sale closed at 99.3% of the list price.
What are property taxes in Madras?
About 0.69% of a home’s value a year in Jefferson County, or roughly $2,760 on a $400,000 home.
What is the median home price in Madras?
The median sale price was $351,753 in the three months ending August 31, 2026, about $247 per square foot.
Local agents
See all agents in 97741 →No sponsored agents in 97741 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 97741
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology