97504, OR homes for sale & real estate

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ABOUT THIS HOME
97504, OR Homes for Sale
Explore an exceptional investment opportunity in desirable East Medford. PHASE 1 at Red Tail Heights is an approximately 5.5 acre parcel of vacant land ready for development. Zoned SFR-4/SFR-2 for 18 +/- residences, this unique property promises significant potential for developers and investors alike, made easy with planning and permitting (annexation, zone change, temporary subdivision plat) already approved. City streets and public services are accessed at three locations. Initial civil engineering work for streets, sidewalks, sewer, and storm drains are completed, along with geotechnical engineering and a a traffic study. Breathtaking views. Convenient to amenities in Medford, Ashland,

$795,000

— beds— baths— sq ft

Phase 1 - 4195 Rachel Way Rd, Medford, OR 97501

Vacant land • Zoned sfr-4/sfr-2 • 5.5 acre lot

ABOUT THIS HOME
97504, OR Homes for Sale
Build your home with beautiful city views and have your business next door. Commercial zoning allows for single family residence in conjunction with a business. Two accesses available. Build your view home with access off of Skyhawk Ridge, and have access to your business from Crater Lake Ave. Heavy Commercial Zoning allows for large variety of business including RV Park, Storage, Multi Family, and much more. May be possible to rezone to residential if preferred. Priced to sell.

$299,000

— beds— baths— sq ft

1528 Skyhawk, Medford, OR 97504

2.36 acre lot • Listed 431 days

ABOUT THIS HOME
97504, OR Homes for Sale
Prime commercial opportunity located on 17.09 acres along E. Vilas Road in Medford's coveted Opportunity Zone, offering substantial tax advantages. This vacant land sits strategically within a thriving 187-acre mixed-use development featuring residential homes, apartments, and complementary commercial services-creating an instant ecosystem for business success. Already annexed into the City of Medford with development scheduled for summer 2025. Position your venture within Southern Oregon's fastest-growing corridor where a built-in customer base will live, work and shop. Additional commercial parcels are available for larger concepts or phased development strategies. Secure your place in th

$4,875,200

— beds— baths— sq ft

1816 E Vilas Rd, Central Point, OR 97502

Southern oregon • City of medford • 17.09 acres

ABOUT THIS HOME
97504, OR Homes for Sale
Wonderful opportunity for developemnt. This property has possible commercial or residential opportunities ( buyer to do all due diligence on zoning, zoning changes and uses of the property). Great road frontage property for max exposure. Close to grocery stores, hospital, medical, shopping and restaurants.

$749,000

— beds— baths— sq ft

985 N Phoenix Rd, Medford, OR 97504

2 acre lot • Listed 169 days

ABOUT THIS HOME
97504, OR Homes for Sale
Prime 6.97-acre parcel with MFR-15 zoning allowing 10-15 units/acre. Truly a beautiful piece of land, this stunning property offers panoramic views across the valley to the west with breathtaking sunsets. Surrounded by upscale custom homes in the desirable Hillcrest/Cherry Lane area. Perfect for multifamily or residential development, it provides flexibility to build on a single tax lot (no need to split-multifamily can be built on 1 tax lot) or split into multiple lots. Annexed into the city in 2008, it's a part of the SE Medford plan for medium-to-high density housing, making it a rare opportunity with incredible development potential. Conveniently located in a lovely neighborhood, this s

$1,350,000

— beds— baths— sq ft

5111 Cherry Ln, Medford, OR 97504

Single tax lot • 6.97-acre parcel • Panoramic views

Patricia Millen • Millen Property Group

Property at 2410 N Foothill Rd, Medford, OR 97504

$2,500,000

— beds— baths— sq ft

2410 N Foothill Rd, Medford, OR 97504

Property at 4933 Summerview Dr, Medford, OR 97504

$275,000

— beds— baths— sq ft

4933 Summerview Dr, Medford, OR 97504

Property at 4900 Cherry Ln, Medford, OR 97504

$3,550,000

— beds— baths— sq ft

4900 Cherry Ln, Medford, OR 97504

Ryan Kelly • Whitetail Properties Real Estate LLC

Property at 4101 Piedmont Ter, Medford, OR 97504

$219,000

— beds— baths— sq ft

4101 Piedmont Ter, Medford, OR 97504

Property at 0 Cherry Ln, Medford, OR 97504

$9,800,000

— beds— baths— sq ft

0 Cherry Ln, Medford, OR 97504

Property at Lear Way #900, Medford, OR 97504

$428,000

— beds— baths— sq ft

Lear Way #900, Medford, OR 97504

Property at Lear Way #901, Medford, OR 97504

$585,000

— beds— baths— sq ft

Lear Way #901, Medford, OR 97504

Property at 4396 Murry Hill Ter, Medford, OR 97504

$149,900

— beds— baths— sq ft

4396 Murry Hill Ter, Medford, OR 97504

Property at 138 Monterey Dr, Medford, OR 97504

$165,000

— beds— baths— sq ft

138 Monterey Dr, Medford, OR 97504

Property at Arrowhead Dr #113, Medford, OR 97504

$360,000

— beds— baths— sq ft

Arrowhead Dr #113, Medford, OR 97504

Property at 0 Crater Lake Ave Unit 13.52, Medford, OR 97504

$6,760,000

— beds— baths— sq ft

0 Crater Lake Ave Unit 13.52, Medford, OR 97504

Property at 4692 Crater Lake Ave #600, Medford, OR 97504

$4,500,000

— beds— baths— sq ft

4692 Crater Lake Ave #600, Medford, OR 97504

Property at 1924 Sky Park Dr, Medford, OR 97504

$300,000

— beds— baths— sq ft

1924 Sky Park Dr, Medford, OR 97504

Property at 2549 E Barnett Rd, Medford, OR 97504

$579,000

— beds— baths— sq ft

2549 E Barnett Rd, Medford, OR 97504

Rob Chisholm • Rogue Real Estate, LLC

Property at 2722 American Ave, Medford, OR 97504

$275,000

— beds— baths— sq ft

2722 American Ave, Medford, OR 97504

Property at 1580 Delta Waters Rd, Medford, OR 97504

$585,000

— beds— baths— sq ft

1580 Delta Waters Rd, Medford, OR 97504

Property at 1300 E Barnett Rd, Medford, OR 97504

$1,999,000

— beds— baths— sq ft

1300 E Barnett Rd, Medford, OR 97504

Property at 619 E Main St, Medford, OR 97504

$949,000

— beds— baths— sq ft

619 E Main St, Medford, OR 97504

Property at 2076 Roberts Rd Unit TL2000, Medford, OR 97504

$349,900

— beds— baths— sq ft

2076 Roberts Rd Unit TL2000, Medford, OR 97504

Property at 0 Crater Lake Ave Unit 11.27, Medford, OR 97504

$5,635,000

— beds— baths— sq ft

0 Crater Lake Ave Unit 11.27, Medford, OR 97504

Property at 2453 Crater Lake Hwy, Medford, OR 97504

$2,100,000

— beds— baths— sq ft

2453 Crater Lake Hwy, Medford, OR 97504

Property at 2131 Owen Dr, Medford, OR 97504

$2,711,000

— beds— baths— sq ft

2131 Owen Dr, Medford, OR 97504

Property at 2200 Tower E, Medford, OR 97504

$315,000

— beds— baths— sq ft

2200 Tower E, Medford, OR 97504

Viewing page 6 of 6

Average home prices near 97504, OR

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97504, OR real estate trends

All Home Types trends in 97504, OR

Median Sale Price
# of Homes Sold
Median Days on Market

All Home Types

Median Sale Price (All Home Types)

$449,650

-4.0% YoY | Sep 2025

1 year
3 year
5 year

Based on Redfin calculations of home data from MLS and/or public records.

Location

Data

Sep 2025

Growth

% YoY

97504, OR

$449,650

-4.0%

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All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Redfin are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2025 RMLS, Portland, Oregon. Data Last Updated Sat Nov 01 2025

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