Salem Real Estate

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Salem, Oregon
Average Home Sizes and Asking Prices

Updated On: January 27, 2012
Zipcode Single Family Home Townhome or Condo
4 BR 3 BR #Lst 3 BR 2 BR #Lst
97301 2,100 sf $164,000 1,500 sf $136,000 238 1,600 sf $275,000 1,600 sf $446,000 33
97302 2,700 sf $274,000 1,800 sf $216,000 238 2,300 sf $212,000 1,200 sf $115,000 27
97303 2,400 sf $277,000 1,700 sf $162,000 226 1,700 sf $180,000 1,600 sf $217,000 18
97304 2,600 sf $257,000 1,900 sf $202,000 216 1,800 sf $155,000 1,200 sf $139,000 7
97306 2,700 sf $341,000 1,800 sf $226,000 231 2,200 sf $234,000 1,400 sf $176,000 23


97301 - 3 Bedroom Homes
# of Listings and Avg Price*
 2 Years Ago  25   $159k
 1 Year Ago  30   $147k
 6 Months Ago   39   $153k
 1 Month Ago  143   $132k
 Today  131   $136k
*Averaged for 3 bedroom active listings



97302 - 3 Bedroom Homes
# of Listings and Avg Price*
 2 Years Ago  54   $224k
 1 Year Ago  55   $187k
 6 Months Ago   78   $207k
 1 Month Ago  291   $173k
 Today  275   $178k
*Averaged for 3 bedroom active listings



97303 - 3 Bedroom Homes
# of Listings and Avg Price*
 2 Years Ago  77   $229k
 1 Year Ago  77   $185k
 6 Months Ago   109   $206k
 1 Month Ago  445   $172k
 Today  416   $176k
*Averaged for 3 bedroom active listings



97304 - 3 Bedroom Homes
# of Listings and Avg Price*
 2 Years Ago  108   $243k
 1 Year Ago  108   $213k
 6 Months Ago   135   $229k
 1 Month Ago  558   $179k
 Today  532   $181k
*Averaged for 3 bedroom active listings



97306 - 3 Bedroom Homes
# of Listings and Avg Price*
 2 Years Ago  130   $241k
 1 Year Ago  152   $236k
 6 Months Ago   167   $242k
 1 Month Ago  694   $185k
 Today  660   $190k
*Averaged for 3 bedroom active listings



Change and Trend of Asking Price in 97301 Check Also 


Sold Price History in 97301
Demographics & Schools Mortgage Calculator Area Map

Salem Real Estate & Homes for Sale in Oregon

The serenity of Salem belies the bustling nature of its metropolitan downtown and the active lifestyle enjoyed by residents in its many family-friendly neighborhoods. Salem serves as the capital city of Oregon. It is nestled between the Cascade Mountain Range and the Oregon Coast in the beautiful Willamette Valley, one of the most fertile and agriculturally productive regions in the world. The city is strategically located 47 miles south of Portland and 64 miles north of Eugene. The Willamette River winds through Salem forming the boundary between Marion and Polk counties. Salem is the seat of Marion County, the third largest city in Oregon with more than 135,000 residents.

Salem serves as the hub of state government, its largest employer and the surrounding farming communities. It is also a major agricultural food-processing center. The city center is alive with many diverse cultural attractions such as the Marion County Historical Society Museum and the Salem Chamber Orchestra. Recreational opportunities are numerous given nature's bounty in the Salem area as well as acres of lush public parks, world-famous iris and tulip farms and award-winning wineries.

The Salem-Keizer Public School District serves more than 43,500 students in kindergarten through 12th grade. Salem is also home to Willamette University, the oldest institution of higher education in the Pacific Northwest. The real estate market offers some things old and some things new. On-going preservation of historic downtown buildings and a master plan for residential and commercial development ensures that the city’s livability and high quality of life will continue to grow.

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Price Range of Salem Houses


Salem's residential housing is affordable and diverse. Numerous options are available from traditional ranch-style and two-story homes and modern estates to rambling farmhouses with acreage. Neighborhood Associations protect the livability and integrity of numerous communities such as Faye Wright, Grant, Northgate, Lansing, Highland, Morningside, Sunnyslope, Croisan-Iiahe, Claggett, Gubser and Clear Lake. The pristine environment offers residents mountain views, lush landscaping and tree-lined streets. Salem's homes are priced starting in the $100,000 to $250,000 range. A limited number of Salem area condos can be purchased starting from the $100,000s as well.


Salem OR Real Estate for the week of January 23rd, 2012: homes priced around $136,230 compared to $135,394 the previous week, for a slight increase of less than +1%.  For Friday, January 27th, the current national mortgage rate for a 30 year fixed mortgage is 3.92%; the 15 year fixed rate is at 3.24%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.46%, while the 15 year jumbo rate currently is at 3.72%. You can calculate your mortgage rate with our mortgage calculators.  Get local info and homes for sale in Salem OR. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures in Salem, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes in Salem, Salem neighborhood information, crime stats, home values, and schools in Salem to help you find the best home!


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