Salem, OR Housing Market
The Salem housing market is somewhat competitive. Homes in Salem receive 2 offers on average and sell in around 43 days. The median sale price of a home in Salem was $434K last month, up 2.1% since last year. The median sale price per square foot in Salem is $273, up 3.4% since last year.
Salem Housing Market Trends
In March 2024, Salem home prices were up 2.1% compared to last year, selling for a median price of $434K. On average, homes in Salem sell after 43 days on the market compared to 59 days last year. There were 166 homes sold in March this year, down from 198 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Salem housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 1% below list price and go pending in around 43 days.
- Hot homescan sell for about 1% above list price and go pending in around 16 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 1% below list price and go pending in around 51 days.
- Hot homescan sell for about 1% above list price and go pending in around 29 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
- Some homes get multiple offers.
- The average homes sell for around list price and go pending in around 46 days.
- Hot homescan sell for about 2% above list price and go pending in around 29 days.
Salem Migration & Relocation Trends
- Across the nation, 2% of homebuyers searched to move into Salem from outside metros.
- Seattle homebuyers searched to move into Salem more than any other metro followed by San Francisco and Los Angeles.
- 78% of Salem homebuyers searched to stay within the Salem metropolitan area.
- Bend was the most popular destination among Salem homebuyers followed by Eugene and Phoenix.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 2,173 | ||
2 | 1,737 | ||
3 | 1,371 | ||
4 | 348 | ||
5 | 250 | ||
6 | 169 | ||
7 | 101 | ||
8 | 96 | ||
9 | 43 | ||
10 | 35 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 1,689 | ||
2 | 1,299 | ||
3 | 920 | ||
4 | 593 | ||
5 | 314 | ||
6 | 289 | ||
7 | 286 | ||
8 | 272 | ||
9 | 235 | ||
10 | 228 |
View houses in Salem that sold recently
Recently sold homes
- $367,709 Last Sold Price3 beds3 baths1,828 sq ft510 14th St, Salem, OR 97301Chris Forrette • Coldwell Banker Mountain WestList Price$399,900Sale to List8% under listDays on Market23 days510 14th St, Salem, OR 97301
- $280,000 Last Sold Price2 beds1 bath968 sq ft2190 Breyman St NE, Salem, OR 97301List Price$299,900Sale to List7% under listDays on Market56 days2190 Breyman St NE, Salem, OR 97301
- $450,000 Last Sold Price3 beds2 baths1,515 sq ft3744 Felton St S, Salem, OR 97302List Price$445,000Sale to List1% over listDays on Market14 days3744 Felton St S, Salem, OR 97302
- $414,900 Last Sold Price3 beds2 baths1,499 sq ft1974 Tanager Ave NW, Salem, OR 97304List Price$414,900Sale to List0% over listDays on Market57 days1974 Tanager Ave NW, Salem, OR 97304
- $104,995 Last Sold Price2 beds2 baths1,215 sq ft4730 NE Auburn Rd #156, Salem, OR 97301List Price$104,995Sale to List0% over listDays on Market35 days4730 NE Auburn Rd #156, Salem, OR 97301
- $490,665 Last Sold Price4 beds2.5 baths2,335 sq ft4829 Abraham Ave NE, Salem, OR 97301D. R. Horton, Inc Portland RedfinList Price$490,665Sale to List0% over listDays on Market55 days4829 Abraham Ave NE, Salem, OR 97301
- $650,000 Last Sold Price4 beds3 baths1,988 sq ft7221 Hilda St SE, Salem, OR 97317The Kelly Group Real Estate RedfinList Price$639,000Sale to List2% over listDays on Market280 days7221 Hilda St SE, Salem, OR 97317
- $1,385,000 Last Sold Price4 beds4.5 baths4,568 sq ft2471 Crestmont Cir S, Salem, OR 97302Dewey Whitton • The Salem Real Estate GroupList Price$1,392,293Sale to List1% under listDays on Market73 days2471 Crestmont Cir S, Salem, OR 97302
See all recently sold homes in Salem.
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Schools in Salem
- Elementary
- Middle
- High
GreatSchools Rating
8/10 Morningside Elementary School Public • K-5 | 276 Students | 8 reviews |
7/10 Myers Elementary School Public • K-5 | 372 Students | 4 reviews |
7/10 Grant Community School Public • K-5 | 379 Students | 5 reviews |
7/10 Pringle Elementary School Public • K-5 | 497 Students | 7 reviews |
7/10 Sumpter Elementary School Public • K-5 | 498 Students | 4 reviews |
Climate's impact on Salem housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Salem.
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Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Minimal
Wind Factor
Heat Factor - Moderate
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Transportation in Salem
Walk Score®
Transit Score®
Bike Score®
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