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 3.2% 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 around list price and go pending in around 49 days.
- Hot homescan sell for about 1% above list price and go pending in around 23 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 3% above list price and go pending in around 30 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
- $459,995 Last Sold Price4 beds2.5 baths2,050 sq ft490 Greencrest St NE, Salem, OR 97301Heather Ledgerwood • D. R. Horton, Inc PortlandList Price$459,995Sale to List0% over listDays on Market102 days490 Greencrest St NE, Salem, OR 97301
- $355,000 Last Sold Price3 beds2 baths1,482 sq ft6640 Huntington Cir SE, Salem, OR 97306List Price$355,000Sale to List0% over listDays on Market35 days6640 Huntington Cir SE, Salem, OR 97306
- $459,995 Last Sold Price4 beds2.5 baths2,050 sq ft490 Greencrest St NE Lot 1, Salem, OR 97301List Price$459,995Sale to List0% over listDays on Market101 days490 Greencrest St NE Lot 1, Salem, OR 97301
- $416,000 Last Sold Price3 beds1.5 baths1,586 sq ft4594 Fir Dell Dr, Salem, OR 97302Greg Kuschnick • Berkshire Hathaway HomeServices NW Real EstateList Price$412,000Sale to List1% over listDays on Market44 days4594 Fir Dell Dr, Salem, OR 97302
- $469,500 Last Sold Price3 beds2.5 baths1,493 sq ft4872 Flight Ave NE, Salem, OR 97305Susie Hansen • RE/MAX HomeSourceList Price$469,500Sale to List0% over listDays on Market241 days4872 Flight Ave NE, Salem, OR 97305
- $370,000 Last Sold Price3 beds1.5 baths1,260 sq ft4868 Ochoco Ct SE, Salem, OR 97317List Price$379,000Sale to List2% under listDays on Market126 days4868 Ochoco Ct SE, Salem, OR 97317
- $699,900 Last Sold Price4 beds3 baths2,806 sq ft6167 Summerside St SE, Salem, OR 97306List Price$699,900Sale to List0% over listDays on Market62 days6167 Summerside St SE, Salem, OR 97306
- $660,000 Last Sold Price4 beds2.5 baths2,946 sq ft2615 Tyler Ct, Salem, OR 97304Chris Forrette • Coldwell Banker Mountain WestList Price$659,900Sale to List0% over listDays on Market93 days2615 Tyler Ct, Salem, OR 97304
See all recently sold homes in Salem.
See listings
Schools in Salem
- Elementary
- Middle
- High
GreatSchools Rating
8/10 Morningside Elementary School Public • K-5 | 373 Students | 8 reviews |
7/10 Myers Elementary School Public • K-5 | 540 Students | 4 reviews |
7/10 Grant Community School Public • K-5 | 416 Students | 5 reviews |
7/10 Pringle Elementary School Public • K-5 | 665 Students | 7 reviews |
7/10 Sumpter Elementary School Public • K-5 | 538 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®
More real estate resources for Salem
New Listings in Salem
Nearby City Housing Markets
Neighborhood Housing Markets
Zip Code Housing Markets
Nearby City Listings
Neighborhood Listings
Zip Code Listings
About us
Find us
Subsidiaries
Copyright: © 2024 Redfin. All rights reserved.
Updated January 2023: By searching, you agree to the Terms of Use, and Privacy Policy.
Do not sell or share my personal information.
REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.
California DRE #01521930
Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures
New Mexico Real Estate Licenses
TREC: Info About Brokerage Services, Consumer Protection Notice
If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.
REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.