Homes for sale under $500k in Salem, OR

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ABOUT THIS HOME
Homes for sale under $500k in Salem, OR
Mixed Use property with tons of possibilities. This South Salem corner lot has great visibility, access, and traffic count. Redevelopment of parcel, or use the existing structures for your needs. Priced as is for quick sale. Hurry, won't last long. HD Video attached.

$399,900

2 beds1 bath1,475 sq ft

4192 Liberty Rd S, Salem, OR 97302

Traffic count • Access • Great visibility

Listing provided by WVMLS

ABOUT THIS HOME
Homes for sale under $500k in Salem, OR
Huge lot, great price point, and amazing value in NE Salem! This home offers plenty of potential and is ready for your updates and vision. Spacious property with room to grow, all at a great price! Currently tenant occupied, but tenant is in process of moving out, making this a fantastic opportunity for investors or homeowners looking to take this property to the next level! 3 bedrooms w/ a 4th potential bedroom and still plenty of storage! Close to shops, malls, and I5 make this one worth a tour!

$399,900

3 beds1.5 baths1,444 sq ft

4220 Sunnyview Rd NE, Salem, OR 97305

0.24 acre lot • Garage • Built 1945

Listing provided by WVMLS

ABOUT THIS HOME
Homes for sale under $500k in Salem, OR
Adorable Bush Park Cottage! This nicely remodeled classic has amazing features: 3 bd/1 ba, 1201 sqft, slab counters, new kitchen cabinets, custom tile work, remodeled bathroom, HE furnace, etc. Too much to list! Highly desirable location 2 blocks to Bush Park, 3 add't semi-finished rooms in basement not included in listed sq footage, detached garage, fenced yard for entertaining, updated vinyl windows, original hardwoods, coved ceilings and charming fireplace!

$399,900

3 beds1 bath1,201 sq ft

1875 High St SE, Salem, OR 97302

Original hardwoods • Remodeled bathroom • Fenced yard

Listing provided by WVMLS

ABOUT THIS HOME
Homes for sale under $500k in Salem, OR
1.5% credit up to $5,000.00 if buyer uses select lender! Down payment assistance programs may be available! Versatile property! Dual living? Cabin style home in town!Creek frontage w/ lrg wrap around deck makes you feel like youre in the woods. Tongue and groove ceilings with tile and slate floors feels like a private oasis while sitting on the deck listening to the water. Main living has Master Suite with bath and bedroom. Lower level has a small studio apartment with own entrance/yard area and its own hot water heater. Oversized 2car garage & room for RV! New roof and gutters. Studio rented for $1200/ month.

$399,900

3 beds3 baths1,509 sq ft

997 20th St SE, Salem, OR 97301

Creek frontage • Wrap around deck • Private oasis

Listing provided by WVMLS

3D WALKTHROUGH

ABOUT THIS HOME
Homes for sale under $500k in Salem, OR
Tucked away on a quiet cul-de-sac in NE Salem, this charming 3-bedroom, 2.5-bath home welcomes you with thoughtful updates and a bright, inviting feel. Inside, discover fresh paint and updated vinyl flooring that set a warm, modern tone throughout the main level. The heart of the home—the kitchen—shines with freshly painted cabinets, brand-new stainless steel appliances, and plenty of storage, making it both functional and stylish. Just off the kitchen, you’ll find a convenient half bath and laundry area. Upstairs, the spacious primary suite offers a private retreat with its own full bathroom, while two additional bedrooms and another full bath provide comfort and flexibil

$399,900

3 beds3 baths1,248 sq ft

4852 Chameleon Ct NE, Salem, OR 97305

Fresh paint • Deck • 5,227 sq ft lot

Katy Voves • Havenrose Real Estate

Property at 1879 Lexington Cir SE, Salem, OR 97306, 3 beds, 3 baths

$399,900

3 beds3 baths2,231 sq ft

1879 Lexington Cir SE, Salem, OR 97306

Priscilla Beggs • Zenith Realty, LLC

Property at 4729 Lariat Ct, Salem, OR 97305, 3 beds, 2 baths

$399,900

3 beds2 baths1,380 sq ft

4729 Lariat Ct, Salem, OR 97305

Listing provided by WVMLS

Property at 2310 Mountain Vw, Salem, OR 97302, 4 beds, 2 baths

$399,500

4 beds2 baths1,623 sq ft

2310 Mountain Vw, Salem, OR 97302

Listing provided by WVMLS

Property at 1977 Maplewood Ct, Salem, OR 97306, 3 beds, 2 baths

$399,000

3 beds2 baths1,238 sq ft

1977 Maplewood Ct, Salem, OR 97306

Rachael Osmon • Omni Realty Group, LLC

Property at 672 Ashlee Pl SE, Salem, OR 97317, 3 beds, 2.5 baths

$399,000

3 beds2.5 baths1,360 sq ft

672 Ashlee Pl SE, Salem, OR 97317

Listing provided by WVMLS

Property at 4708 Carolina Ave NE, Salem, OR 97305, 3 beds, 2 baths

$395,000

3 beds2 baths1,470 sq ft

4708 Carolina Ave NE, Salem, OR 97305

Jessica Farrell • HomeSmart Realty Group

Property at 3393 Pioneer Dr SE, Salem, OR 97302, 3 beds, 2.5 baths

$395,000

3 beds2.5 baths2,456 sq ft

3393 Pioneer Dr SE, Salem, OR 97302

Listing provided by WVMLS

Property at 3180 Doughton St S, Salem, OR 97302, 3 beds, 2 baths

$395,000

3 beds2 baths1,000 sq ft

3180 Doughton St S, Salem, OR 97302

Kathy Campos • Realty of America, LLC

Property at 3902 Hawthorne Ave, Salem, OR 97301, 3 beds, 3 baths

$390,000

3 beds3 baths1,428 sq ft

3902 Hawthorne Ave, Salem, OR 97301

Holly Dayton • RE/MAX Equity Group

Property at 1082 Cascade Dr NW, Salem, OR 97304, 3 beds, 1.5 baths

$390,000

3 beds1.5 baths1,996 sq ft

1082 Cascade Dr NW, Salem, OR 97304

Listing provided by WVMLS

Property at 4372 Coloma Dr SE, Salem, OR 97302-9999, 3 beds, 1 bath

$389,999

3 beds1 bath1,150 sq ft

4372 Coloma Dr SE, Salem, OR 97302-9999

Listing provided by WVMLS

Property at 2425 Brown Rd NE, Salem, OR 97305, 3 beds, 2 baths

$389,999

3 beds2 baths1,160 sq ft

2425 Brown Rd NE, Salem, OR 97305

Sue Bell • Knipe Realty ERA Powered

Property at 1525 Park Ave NE, Salem, OR 97301, 3 beds, 2 baths

$385,000

3 beds2 baths1,764 sq ft

1525 Park Ave NE, Salem, OR 97301

Listing provided by WVMLS

Property at 5225 NE Ramp St, Salem, OR 97301, 3 beds, 1 bath

$385,000

3 beds1 bath1,212 sq ft

5225 NE Ramp St, Salem, OR 97301

Eduardo Reyes • John L. Scott Portland South

Property at 2490 E Nob Hl SE, Salem, OR 97302, 2 beds, 1 bath

$385,000

2 beds1 bath1,295 sq ft

2490 E Nob Hl SE, Salem, OR 97302

Listing provided by WVMLS

Property at 4626 7th Ave SE, Salem, OR 97302, 3 beds, 1 bath

$385,000

3 beds1 bath1,090 sq ft

4626 7th Ave SE, Salem, OR 97302

Listing provided by WVMLS

Property at 2440 NE Vallejo St, Salem, OR 97301, 3 beds, 2 baths

$385,000

3 beds2 baths1,248 sq ft

2440 NE Vallejo St, Salem, OR 97301

Mayra Flor Rocha • Rocha Realty LLC

Property at 244 14th St, Salem, OR 97301, 2 beds, 1 bath

$384,995

2 beds1 bath1,312 sq ft

244 14th St, Salem, OR 97301

Sean Gillespie • Knipe Realty ERA Powered

Property at 2230 jelden St NE, Salem, OR 97301, 4 beds, 1 bath

$384,900

4 beds1 bath1,277 sq ft

2230 jelden St NE, Salem, OR 97301

Listing provided by WVMLS

Property at 1166 7th St NW, Salem, OR 97304, 3 beds, 2.5 baths

$384,900

3 beds2.5 baths1,377 sq ft

1166 7th St NW, Salem, OR 97304

Listing provided by WVMLS

Property at 1958 Gable Ct NE, Keizer, OR 97303, 3 beds, 1 bath

$384,000

3 beds1 bath1,040 sq ft

1958 Gable Ct NE, Keizer, OR 97303

Listing provided by WVMLS

Property at 1880 W Nob Hl SE, Salem, OR 97302, 2 beds, 1 bath

$380,000

2 beds1 bath1,095 sq ft

1880 W Nob Hl SE, Salem, OR 97302

Listing provided by WVMLS

Property at 4366 Alderbrook Ave SE, Salem, OR 97302, 2 beds, 2 baths

$380,000

2 beds2 baths1,658 sq ft

4366 Alderbrook Ave SE, Salem, OR 97302

Listing provided by WVMLS

Property at 4704 Dusty Pl, Salem, OR 97305, 3 beds, 2 baths

$380,000

3 beds2 baths1,569 sq ft

4704 Dusty Pl, Salem, OR 97305

Donna Toline • DAT Real Estate Solutions, PC

Property at 715 19th St, Salem, OR 97301, 2 beds, 1 bath

$380,000

2 beds1 bath1,015 sq ft

715 19th St, Salem, OR 97301

Shelby Holman • Real Broker

Property at 4313 Sylvia Ct SE, Salem, OR 97317, 3 beds, 1 bath

$379,900

3 beds1 bath1,008 sq ft

4313 Sylvia Ct SE, Salem, OR 97317

Listing provided by WVMLS

Property at 738 Oscar Ln SE, Salem, OR 97317, 3 beds, 2 baths

$379,900

3 beds2 baths1,112 sq ft

738 Oscar Ln SE, Salem, OR 97317

Listing provided by WVMLS

Property at 1385 Waller St, Salem, OR 97302, 4 beds, 1 bath

$379,900

4 beds1 bath1,708 sq ft

1385 Waller St, Salem, OR 97302

Sam Labbe • Coldwell Banker Mountain West

Property at 2075 Laurel Ave NE, Salem, OR 97301, 3 beds, 2 baths

$379,900

3 beds2 baths1,268 sq ft

2075 Laurel Ave NE, Salem, OR 97301

Mitchell Stolfus • BST Realty LLC

Property at 3732 Village Ctr SE, Salem, OR 97302, 3 beds, 2.5 baths

$379,000

3 beds2.5 baths1,647 sq ft

3732 Village Ctr SE, Salem, OR 97302

Listing provided by WVMLS

Property at 820 West Vis S, Salem, OR 97302, 2 beds, 1 bath

$375,000

2 beds1 bath838 sq ft

820 West Vis S, Salem, OR 97302

Listing provided by WVMLS

Property at 388 Market St, Salem, OR 97301, 3 beds, 2 baths

$375,000

3 beds2 baths1,846 sq ft

388 Market St, Salem, OR 97301

Listing provided by WVMLS

Property at 1620 SE Marshall Dr, Salem, OR 97302, 3 beds, 1 bath

$375,000

3 beds1 bath950 sq ft

1620 SE Marshall Dr, Salem, OR 97302

Lyndon Hansen • Keller Williams Realty Professionals

Property at 463 Hrubetz Rd, Salem, OR 97302, 3 beds, 2 baths

$375,000

3 beds2 baths1,094 sq ft

463 Hrubetz Rd, Salem, OR 97302

Redfin

Property at 135 Wander Way, Salem, OR 97301, 3 beds, 2 baths

$374,900

3 beds2 baths1,038 sq ft

135 Wander Way, Salem, OR 97301

Jolie Richards • Bella Casa Real Estate Group

Property at 1074 Rodan Ave SE, Salem, OR 97306, 3 beds, 2 baths

$374,500

3 beds2 baths1,404 sq ft

1074 Rodan Ave SE, Salem, OR 97306

Colleen Benson • Keller Williams Capital City

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Homes for sale under $500k in Salem

There are currently 437 homes for sale under $500k in Salem. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Salem stay on the market for 71 days and receive 1 offers. Popular neighborhoods include Southeast Salem, Northeast Salem, South Salem, Illahe Hills Estates, and West Salem. This map is refreshed with the newest listings in Salem every 15 minutes.

In the past month, 176 homes have been sold in Salem. In addition to houses in Salem, there were also 26 condos, 21 townhouses, and 36 multi-family units for sale in Salem last month. Salem is a minimally walkable city in Marion County with a Walk Score of 42. Salem is home to approximately 153,647 people and 87,666 jobs. Find your dream home in Salem using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Salem are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Salem. Our Salem real estate stats and trends will give you more information about home buying and selling trends in Salem. If you're looking to sell your home in the Salem area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Salem with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Redfin are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2025 RMLS, Portland, Oregon. Data Last Updated Sun Nov 30 2025

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Homes for sale under $500k in Salem, OR

Homes for sale under $500k in Salem

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