Salem Real Estate

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Salem Real Estate & Homes for Sale in Oregon
1630 Wallace Rd NW #52, Salem in Polk County, OR 97304 Home for Sale
Salem, OR
Sommerset
3 Bed, 2 Bath
1,620 Sq.Ft
$105,000
Details of New Listings
Manufactured Home Wo Land,Double Wide - Salem, Or
2397 HAZEL AVE NE, Salem in Marion County, OR 97301 Home for Sale
Salem, OR
Marion Co: Central Salem
0 Bed, 0 Bath
0 Sq.Ft
$75,000
Details of Price Reduced
Single Family Residence - Salem, Or
2241 Jory Hill Rd S, Salem in Marion County, OR 97306 Home for Sale
Salem, OR
Spring Bank Fruit
7 Bed, 3 Bath
3,276 Sq.Ft
$649,000
Details of Pool
Residence, 2 Story - Salem, Or
6985 River Rd S, Salem in Marion County, OR 97302 Home for Sale
Salem, OR
4 Bed, 4.50 Bath
2,750 Sq.Ft
$325,000
Details of Foreclosure
Residence, 2 Story - Salem, Or
7625 Hylo Ln SE, Salem in Marion County, OR 97306 Home for Sale
Salem, OR
Timber Meadows
4 Bed, 3 Bath
3,017 Sq.Ft
$650,000
Details of Two Story
Residence, 2 Story - Salem, Or
4660 Croisan Creek Rd S, Salem in Marion County, OR 97302 Home for Sale
Salem, OR
4 Bed, 3 Bath
2,376 Sq.Ft
$455,000
Details of Loft
Residence, Other - Salem, Or
2120 Robins (#3) Ln SE 3, Salem in Marion County, OR 97306 Home for Sale
Salem, OR
Terrace Lake
3 Bed, 2 Bath
1,716 Sq.Ft
$149,900
Details of Gated
Manufactured Home Wo Land,Triple Wide - Salem, Or
SE Landcaster DR, Salem in Marion County, OR 97317 Home for Sale
Salem, OR
Marion Co: Southeast Salem
0 Bed, 0 Bath
0 Sq.Ft
$160,000
Details of Lake View
Residential/Recreational - Salem, Or
3815 Dakota Rd SE, Salem in Marion County, OR 97302 Home for Sale
Salem, OR
3 Bed, 2 Bath
1,360 Sq.Ft
$229,900
Details of Cul De Sac
1 Story, Residence - Salem, Or
3150 Starr Ct NE, Salem in Marion County, OR 97301 Home for Sale
Salem, OR
Starr Sub
3 Bed, 1.50 Bath
1,308 Sq.Ft
$264,900
Details of Custom Built
1 Story, Residence - Salem, Or

Salem, Oregon
Average Home Sizes and Asking Prices

Updated On: September 20, 2018
Zipcode Single Family Home Townhome or Condo
4 BR 3 BR #Lst 3 BR 2 BR #Lst
97301 1,900 sf $267,000 1,700 sf $262,000 75 2,400 sf $816,000 3
97302 3,100 sf $488,000 2,100 sf $371,000 127
97303 2,400 sf $349,000 1,700 sf $328,000 74
97304 2,800 sf $475,000 2,300 sf $666,000 158 5
97305 2,200 sf $337,000 1,700 sf $335,000 58 1,600 sf $203,000 5
Updated on:   September 20, 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 September 19th, 2018: homes priced around $263,217 compared to $263,672 the previous week, for a slight decrease of less than -1%.  For Wednesday, September 19th, the current national mortgage rate for a 30 year fixed mortgage is 4.63%; the 15 year fixed rate is at 4.13%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.50%, while the 15 year jumbo rate currently is at 4.12%.

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