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Salem

Why you'd want to live in Salem

Salem is the capital city of the state of Oregon and also the county seat of Marion County. It is situated about 46 miles southwest of Portland in Oregon's Willamette River valley, one of the nation's most fertile agricultural regions. The city lies at the junction of Oregon State Highways 22, 213, and 221. Interstate I-5 provides northerly transportation to Portland and southerly to the city of Eugene. One of Oregon's oldest communities, Salem was originally called Chemeketa, an Indian term meaning "meeting or resting place." It replaced Oregon City as the territorial capital in 1851, but in 1855 it was itself temporarily replaced as capital by the city of Corvallis (40 miles to the south). This arrangement lasted less than a year, after which time Salem was restored to its former status as territorial capital. Salem became incorporated as a city in 1857 and when Oregon achieved statehood two years later, Salem became its permanent state capital. Fire destroyed both of the city's first two Capitol buildings, one of which was copper-domed and modeled in part after the U.S. Capitol building. Salem's third (and present) Oregon State Capitol building was completed in 1938 at the site of the first two. The structure is distinguished by its gold-plated pioneer statue, known as the Oregon Pioneer, mounted atop the capitol dome. via citytowninfo.com

Salem Market Report

$503,970

AVERAGE PRICE OF 736 HOMES

$1,345,071

AVERAGE PRICE OF 34 MULTI-MILLION DOLLAR HOMES

$573,967

AVERAGE PRICE OF 111 NEWLY BUILT HOMES

$697,189

AVERAGE PRICE OF 29 HOMES WITH A POOL

$452,415

AVERAGE PRICE OF 48 REDUCED PRICE HOMES

Average Home

Average Price $503,970
Avg Bedrooms 2.88 beds
Avg Bathrooms 1.96 baths

Average Price by Bedrooms

1 bedroom $287,000
2 bedrooms $362,104
3 bedrooms $637,965
4 bedrooms $631,354
5 bedrooms $713,309
Salem Home Price Trends
  4/2024 3/2024 2/2024 1/2024 12/2023
Total Listings 1,105 977 893 882 925
Average Price $561,468 $557,052 $556,292 $560,694 $558,920
Avg Price Change +0.79% +0.14% -0.79% +0.32% +0.46%
Median Price $460,092 $450,297 $446,432 $449,664 $450,979
Med Price Change +2.18% +0.87% -0.72% -0.29% +0.24%
Avg Bedrooms 3.08 beds 3.07 beds 3.06 beds 3.05 beds 3.05 beds
Avg Bathrooms 2.31 baths 2.28 baths 2.28 baths 2.28 baths 2.25 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Gervais High 1 $795,000 17 days
Sprague 187 $571,305 65 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 736 $503,970 41 days
Multi-Million Dollar Homes 34 $1,345,071 101 days
Newly Built Homes 111 $573,967 94 days
Homes with a Pool 29 $697,189 78 days
Reduced Price Homes 48 $452,415 53 days

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Keller Williams Realty Mid-Willamette
541-740-7752
Each office is independently owned and operated
2125 Pacific Blvd. SW, Albany, OR 97321
201 NW 3rd St. Corvallis, OR 97330

Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS(TM) of Portland, Oregon. Real estate listings held by brokerage firms other than Paul Terjeson - Keller Williams Realty Mid-Willamette are marked with the RMLS(TM) logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © RMLS(TM), Portland, Oregon.

All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated 5/27/2024 6:48 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

© 2024 Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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