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 $256, down 1.5% 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 46 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 53 days.
- Hot homescan sell for about 1% above list price and go pending in around 27 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 55 days.
- Hot homescan sell for about 3% above list price and go pending in around 25 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 | Jan '24 - Mar '24 | ||
1 | 2,180 | ||
2 | 1,716 | ||
3 | 1,245 | ||
4 | 286 | ||
5 | 241 | ||
6 | 177 | ||
7 | 106 | ||
8 | 79 | ||
9 | 45 | ||
10 | 38 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 1,666 | ||
2 | 939 | ||
3 | 933 | ||
4 | 545 | ||
5 | 295 | ||
6 | 287 | ||
7 | 284 | ||
8 | 269 | ||
9 | 261 | ||
10 | 230 |
View houses in Salem that sold recently
Recently sold homes
- $427,500 Last Sold Price3 beds2 baths2,194 sq ft520 Rose St, Salem, OR 97301Jade Helm • Good Land CompanyList Price$440,000Sale to List3% under listDays on Market34 days520 Rose St, Salem, OR 97301
- $635,000 Last Sold Price4 beds2.5 baths2,449 sq ft2077 Southampton Ct SE, Salem, OR 97302List Price$650,000Sale to List2% under listDays on Market219 days2077 Southampton Ct SE, Salem, OR 97302
- $440,094 Last Sold Price4 beds2.5 baths1,737 sq ft307 Lost Lk, Salem, OR 97301Angelica De Leon-Klein • D. R. Horton, Inc PortlandList Price$440,094Sale to List0% over listDays on Market69 days307 Lost Lk, Salem, OR 97301
- $440,094 Last Sold Price4 beds2.5 baths1,737 sq ft307 Lost Lk NE Lot 3, Salem, OR 97301List Price$440,094Sale to List0% over listDays on Market68 days307 Lost Lk NE Lot 3, Salem, OR 97301
- $360,000 Last Sold Price3 beds1.5 baths1,162 sq ft1540 Aerial Way SE, Salem, OR 97302List Price$360,000Sale to List0% over listDays on Market64 days1540 Aerial Way SE, Salem, OR 97302
- $440,000 Last Sold Price3 beds2 baths1,332 sq ft2565 Cowrie Ct NW, Salem, OR 97304RedfinList Price$425,000Sale to List4% over listDays on Market44 days2565 Cowrie Ct NW, Salem, OR 97304
- $395,000 Last Sold Price3 beds1 bath1,312 sq ft3380 Winola Ave S, Salem, OR 97302List Price$395,000Sale to List0% over listDays on Market55 days3380 Winola Ave S, Salem, OR 97302
- $379,000 Last Sold Price3 beds2 baths1,516 sq ft2060 Breyman St NE, Salem, OR 97301-0000List Price$379,000Sale to List0% over listDays on Market29 days2060 Breyman St NE, Salem, OR 97301-0000
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 | 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®
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