Salem Real Estate

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Salem Real Estate & Homes for Sale in Oregon
3300  Hyacinth St NE, Salem in Marion County, OR 97301 Home for Sale
Salem, OR
5 Bed, 2 Bath
2,876 Sq.Ft
Details of New Listings
Residence, 2 Story - Salem, Or
4882  Lancaster Dr NE 27, Salem in Marion County, OR 97305 Home for Sale
Salem, OR
Starlite Mobile Ct
2 Bed, 1 Bath
528 Sq.Ft
Details of Price Reduced
Manufactured Home Wo Land,Single Wide - Salem, Or
4870  Sunnyside (- 4874) Rd SE, Salem in Marion County, OR 97302 Home for Sale
Salem, OR
5 Bed, 3 Bath
2,116 Sq.Ft
Details of Pool
Duplex - Salem, Or
1534 NW FRANKLIN ST, Salem in Polk County, OR 97304 Home for Sale
Salem, OR
Polk Co: West Salem N
3 Bed, 1 Bath
1,860 Sq.Ft
Details of Foreclosure
Single Family Residence, Bungalow,Cottage - Salem, Or
5840  Lone Oak Rd SE, Salem in Marion County, OR 97306 Home for Sale
Salem, OR
Creekside Phase 9
4 Bed, 3 Bath
3,402 Sq.Ft
Details of Two Story
Residence, 2 Story - Salem, Or
1516  Commercial St NE, Salem in Marion County, OR 97301 Home for Sale
Salem, OR
North Salem
3 Bed, 0.50 Bath
1,440 Sq.Ft
Details of Loft
Residence, 2 Story - Salem, Or
2887  Grice Hill Dr NW, Salem in Polk County, OR 97304 Home for Sale
Salem, OR
4 Bed, 3.50 Bath
3,417 Sq.Ft
Details of Gated
Residence, 2 Story - Salem, Or
1840  Rees Hill (#23) Rd SE, Salem in Marion County, OR 97306 Home for Sale
Salem, OR
Cinnamon Lakes Condos
3 Bed, 2 Bath
1,515 Sq.Ft
Details of Lake View
Condominium/Townhome, Other - Salem, Or
4535  Settlers Ct NE, Salem in Marion County, OR 97305 Home for Sale
Salem, OR
Jan Ree North
3 Bed, 2.50 Bath
1,296 Sq.Ft
Details of Cul De Sac
Residence, 2 Story - Salem, Or
5490 WOODMILL DR SE, Salem in Marion County, OR 97306 Home for Sale
Salem, OR
Marion Co: South Salem
3 Bed, 2.50 Bath
2,806 Sq.Ft
Details of Custom Built
Single Family Residence, Colonial - Salem, Or

Salem, Oregon
Average Home Sizes and Asking Prices

Updated On: May 24, 2018
Zipcode Single Family Home Townhome or Condo
4 BR 3 BR #Lst 3 BR 2 BR #Lst
97301 1,900 sf $251,000 1,700 sf $247,000 55 2,100 sf $761,000 4
97302 3,100 sf $458,000 2,100 sf $375,000 104
97303 2,300 sf $348,000 1,900 sf $363,000 63
97304 2,800 sf $505,000 2,300 sf $728,000 136
97305 2,100 sf $285,000 1,700 sf $317,000 43 1,600 sf $182,000 4
Updated on:   May 24, 2018

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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 and above. A limited number of Salem area condos can be purchased starting from the $100,000s as well.

Salem Real Estate Stats and Trends for the week of April 2nd, 2018: homes priced around $247,225 compared to $245,678 the previous week, for a slight increase of less than +1%.  For Thursday, May 24th, the current national mortgage rate for a 30 year fixed mortgage is 4.58%; the 15 year fixed rate is at 4.02%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.03%, while the 15 year jumbo rate currently is at 4.51%.

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