Salem, OR Housing Market
The Salem housing market is somewhat competitive. Homes in Salem receive 2 offers on average and sell in around 37 days. The median sale price of a home in Salem was $429K last month, up 1.9% since last year. The median sale price per square foot in Salem is $272, up 3.0% since last year.
Salem Housing Market Trends
In April 2024, Salem home prices were up 1.9% compared to last year, selling for a median price of $429K. On average, homes in Salem sell after 37 days on the market compared to 45 days last year. There were 190 homes sold in April this year, up from 164 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 49 days.
- Hot homescan sell for about 1% above list price and go pending in around 25 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 48 days.
- Hot homescan sell for about 2% above list price and go pending in around 28 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
- $452,000 Last Sold Price3 beds1.5 baths1,632 sq ft3581 Hillview Dr SE, Salem, OR 97302List Price$450,000Sale to List0% over listDays on Market61 days3581 Hillview Dr SE, Salem, OR 97302
- $260,000 Last Sold Price3 beds2 baths1,782 sq ft2120 Robins Ln SE #122, Salem, OR 97306List Price$260,000Sale to List0% over listDays on Market51 days2120 Robins Ln SE #122, Salem, OR 97306
- $440,000 Last Sold Price3 beds2 baths1,630 sq ft2860 Grayhawk Ct, Salem, OR 97304Marc Fox • Keller Williams Realty Portland PremiereList Price$425,000Sale to List4% over listDays on Market64 days2860 Grayhawk Ct, Salem, OR 97304
- $455,000 Last Sold Price3 beds2.5 baths1,804 sq ft4424 Katrina Ct, Salem, OR 97305Joseph Hayes • HomeSmart Realty GroupList Price$449,000Sale to List1% over listDays on Market53 days4424 Katrina Ct, Salem, OR 97305
- $440,000 Last Sold Price3 beds2 baths2,012 sq ft3805 Stanley Ln, Salem, OR 97302Jordan Matin • Matin Real EstateList Price$459,900Sale to List4% under listDays on Market138 days3805 Stanley Ln, Salem, OR 97302
- $529,900 Last Sold Price4 beds2.5 baths2,076 sq ft474 Golden Eagle St NW, Salem, OR 97304List Price$529,900Sale to List0% over listDays on Market40 days474 Golden Eagle St NW, Salem, OR 97304
- $373,000 Last Sold Price3 beds1 bath1,488 sq ft275 Elma Ave, Salem, OR 97301List Price$369,900Sale to List1% over listDays on Market44 days275 Elma Ave, Salem, OR 97301
- $370,000 Last Sold Price3 beds1 bath1,271 sq ft1560 B St NE, Salem, OR 97301List Price$339,900Sale to List9% over listDays on Market34 days1560 B St NE, Salem, OR 97301
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.
Flood Factor - Major
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Minimal
Wind Factor
Heat Factor - Moderate
Heat Factor
Transportation in Salem
Walk Score®
Transit Score®
Bike Score®
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