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Prospect, OR Houses for Sale

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  • /18

    $195,000

    • 2 Beds
    • 0.5 Baths
    • 1,608 Sq Ft

    358 M Ln, Prospect, OR 97536

    Last used as a church, can now be used for a multitude of things. It is zoned UR-1, Urban Residential. Built in 1995, 1,608-sq. ft. on .40-acres; could easily be transformed into a home! Nestled among the conifers on flat land, this building has a kitchen, half bath, large congregation hall and two other rooms which could be bedrooms. Buyers to check with county on uses you would prefer. Two

    Jinny Pardee Windermere Trails End R.E.

    358 M Ln, Prospect, OR 97536
  • /35

    $315,000 Pre-Foreclosure

    • 2 Beds
    • 2.5 Baths
    • 1,352 Sq Ft

    255 Shipley Terrace, Prospect, OR 97536

    This 2-bedroom, 2.5-bath home offers a fantastic floor plan and breathtaking mountain views from nearly every window and deck. Tucked into a private setting, you'll even catch a peek of the nearby lake--just about half a mile away--making it easy to enjoy boating, fishing, or waterskiing year-round. While the home could use a little TLC, the price reflects the opportunity. Bring your vision and

    Shelly Simpson Beyond Real Estate Brokers

    255 Shipley Terrace, Prospect, OR 97536
  • /61

    $425,000

    • 3 Beds
    • 2 Baths
    • 1,364 Sq Ft

    204 Shipley Terrace, Prospect, OR 97536

    Enjoy peaceful country living near Lost Creek Lake on 1.35-acres in the Evergreen Meadows Subdivision. This 3-bedroom, 2-bath, 1,364-sq. ft. home, built in 1997, features vaulted ceilings, quartz countertops, kitchen pantry, laundry room and a spacious primary suite with walk-in closet, double sinks and walk-in shower. Relax in the sunroom or on the covered 12x30-deck, and stay comfortable

    Mike Malepsy Windermere Trails End R.E.

    204 Shipley Terrace, Prospect, OR 97536
  • /61

    $2,500,000

    • 7 Beds
    • 5.5 Baths
    • 6,800 Sq Ft

    44335 Oregon 62, Prospect, OR 97536

    Nestled on over 95-acres, this exceptional rural estate offers a unique blend of elegance, privacy & versatility. Whether you're seeking a multi-generational estate w/multiple homes, a private retreat or an equestrian haven, this rare property combines natural beauty w/timeless amenities. Thoughtfully renovated the main residence showcases Craftsman design w/rich millwork & custom finishes.

    Dixie Hackstedde John L. Scott Medford

    44335 Oregon 62, Prospect, OR 97536
  • /29

    $410,900

    • 2 Beds
    • 2 Baths
    • 1,853 Sq Ft

    48 Mill Creek Dr, Prospect, OR 97536

    2 bed 2 bath 1,853 SQFT home on a large 1.07 Ac lot built in 1982. Inside you will find a two-story layout featuring a spacious main floor and a finished upper level. The kitchen features include two skylights for natural light, along with a drop-in range and hood fan. The living area features a cozy fireplace and. Perfect for entertaining and an attached 462 SQFT garage

    Adam Rutledge eXp Realty, LLC

    48 Mill Creek Dr, Prospect, OR 97536
  • /69

    $439,500

    • 3 Beds
    • 2.5 Baths
    • 1,615 Sq Ft

    769 Mather Rd, Prospect, OR 97536

    Extensively remodeled in a peaceful forest setting! This quality-built 3-bedroom, 2.5-bath home offers 1,615 sq. ft. of higher-end finishes throughout, including SmartCore waterproof laminate flooring, Hardy Plank siding, a heat pump, and an energy-efficient Stiebel Eltron water heater. The spacious primary suite features a private office, perfect for working from home. Relax and enjoy the

    Mike Malepsy Windermere Trails End R.E.

    769 Mather Rd, Prospect, OR 97536
  • /66

    $600,000

    • 3 Beds
    • 2 Baths
    • 1,992 Sq Ft

    1306 Lewis Rd, Prospect, OR 97536

    Escape to your private sanctuary in the Cascade Mountain foothills of Southern Oregon, where hills cradle a breathtaking view of Lost Creek Lake—the Rogue Valley's premier recreation jewel. On 9 manicured acres, this 1994 built split-level gem (1,992 sq ft) blends rustic charm with modern comfort. A new expansive deck frames sunrise lake reflections and sunset mountain glows. Inside, warm oak

    The Rasmussen Group John L. Scott Medford

    1306 Lewis Rd, Prospect, OR 97536

Why Live in Prospect

Prospect, a neighborhood in Shady Cove, offers a variety of housing options including single-family homes, manufactured houses, and empty lots for custom builds. The single-family homes are primarily midcentury bungalows and ranchers, often constructed from wood and situated on large lots, with some properties exceeding one acre along gravel roads deep in the woods. Recreational vehicle owners have access to two RV parks, including Mountain Village, which also features manufactured homes. The area is known for its affordability, with home prices significantly lower than the Medford metropolitan area. Outdoor enthusiasts will appreciate the extensive network of trails leading to scenic spots like Pearsony Falls, the Avenue of the Boulders, and the Mill Creek and Barr Creek waterfalls. Crater Lake National Park, a major tourist attraction, is just 25 miles away, offering activities such as snowshoeing, cross-country skiing, and ice fishing in the winter. The community gathers at the Prospect Café and Trophy Room for meals, live music, and events, while the historic Prospect Hotel and its Dinner House provide dining and lodging options. Annual events like Music in the Mountains and the Jamboree and Timber Carnival draw residents together for live music, food, and traditional contests. The main thoroughfare, Crater Lake Highway (Route 62), connects Prospect to nearby cities, with the Rogue Valley International Medford Airport 42 miles away for broader travel needs.

Home Trends in Prospect, OR

Housing Trends

Median Sale Price
$252,000
Median Single Family Sale Price
$252,000
Average Price Per Sq Ft
$195
Number of Homes for Sale
2
Last 12 months Home Sales
5
Months of Supply
4.80
Median List Price
$259,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
16%
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