Salem Real Estate

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Salem, Oregon
Average Home Sizes and Asking Prices

Updated On: May 18, 2012
Zipcode Single Family Home Townhome or Condo
4 BR 3 BR #Lst 3 BR 2 BR #Lst
97301 2,100 sf $161,000 1,500 sf $136,000 223 1,400 sf $155,000 1,200 sf $157,000 16
97302 2,800 sf $284,000 1,800 sf $209,000 226 2,500 sf $227,000 1,200 sf $114,000 27
97303 2,400 sf $266,000 1,700 sf $171,000 208 1,700 sf $194,000 1,700 sf $233,000 15
97304 2,700 sf $258,000 1,900 sf $200,000 221 2,200 sf $281,000 1,200 sf $128,000 7
97306 2,600 sf $327,000 1,800 sf $220,000 219 2,200 sf $226,000 1,400 sf $176,000 28


97301 - 3 Bedroom Homes
# of Listings and Avg Price*
ERROR -- 2011-05-30 not found --
 2 Years Ago  50   $167k
 1 Year Ago  33   $147k
 6 Months Ago   150   $134k
 1 Month Ago  129   $136k
 Today  125   $136k
*Averaged for 3 bedroom active listings



97302 - 3 Bedroom Homes
# of Listings and Avg Price*
ERROR -- 2011-05-30 not found --
 2 Years Ago  102   $216k
 1 Year Ago  73   $188k
 6 Months Ago   301   $166k
 1 Month Ago  273   $181k
 Today  262   $174k
*Averaged for 3 bedroom active listings



97303 - 3 Bedroom Homes
# of Listings and Avg Price*
ERROR -- 2011-05-30 not found --ERROR -- 2011-05-30 not found --
 2 Years Ago  150   $228k
 1 Year Ago  99   $194k
 6 Months Ago   458   $167k
 1 Month Ago  408   $178k
 Today  390   $173k
*Averaged for 3 bedroom active listings



97304 - 3 Bedroom Homes
# of Listings and Avg Price*
ERROR -- 2011-05-30 not found --
 2 Years Ago  189   $241k
 1 Year Ago  123   $209k
 6 Months Ago   583   $180k
 1 Month Ago  526   $182k
 Today  509   $180k
*Averaged for 3 bedroom active listings



97306 - 3 Bedroom Homes
# of Listings and Avg Price*
ERROR -- 2011-05-30 not found --
 2 Years Ago  240   $254k
 1 Year Ago  160   $231k
 6 Months Ago   729   $185k
 1 Month Ago  648   $189k
 Today  631   $187k
*Averaged for 3 bedroom active listings



Change and Trend of Asking Price in 97301 Check Also 


Sold Price History in 97301
97301 sold real estate price trend
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 Real Estate Stats and Trends for the week of May 14th, 2012: homes priced around $136,274 compared to $136,136 the previous week, for a slight increase of less than +1%.  For Friday, May 18th, the current national mortgage rate for a 30 year fixed mortgage is 3.75%; the 15 year fixed rate is at 3.03%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.38%, while the 15 year jumbo rate currently is at 3.60%. 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, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Salem to help you find the best home!


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