The South Gateway housing market is somewhat competitive. Homes in South Gateway receive 1 offers on average and sell in around 54.5 days. The median sale price of a home in South Gateway was $477K last month, up 10.6% since last year. The median sale price per square foot in South Gateway is $268, down 2.2% since last year.
What is the housing market like in South Gateway today?
In April 2024, South Gateway home prices were up 10.6% compared to last year, selling for a median price of $477K. On average, homes in South Gateway sell after 55 days on the market compared to 55 days last year. There were 72 homes sold in April this year, down from 79 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$476,672
+10.6% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
South Gateway, OR
$476,672
+10.6%
United States
To compare other locations to the South Gateway and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Salem add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the South Gateway housing market?
South Gateway is somewhat competitive. Homes sell in 47 days.
0
100
51
Somewhat Competitive
Redfin Compete Score™
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 47 days.
Hot homes
can sell for around list price and go pending in around 34 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
98.9%
-0.44 pt YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
South Gateway, OR
98.9%
-0.44 pt
United States
Home offer insights for South Gateway
Explore recent offers and recently sold homes in South Gateway
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on South Gateway housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in South Gateway.
Risk Factor
Flood Factor - Minor
10% of properties are at risk of severe flooding over the next 30 years
Flood Factor
South Gateway has a minor risk of flooding. 304 properties in South Gateway are likely to be
severely affected
by flooding over the next 30 years. This represents 10% of all properties in South Gateway. Flood risk is increasing faster than the national average.
95% of properties are at risk of wildfire over the next 30 years
Fire Factor
South Gateway has a moderate risk of wildfire. There are 6,685 properties in South Gateway that have some risk of being affected by wildfire over the next 30 years. This represents 95% of all properties in South Gateway.
South Gateway has minimal risk of severe winds over the next 30 years
Wind Factor
South Gateway has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.