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 3.4% since last year.
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.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$433,950
+2.1% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Salem, OR
$433,950
+2.1%
United States
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How hot is the Salem housing market?
Salem is somewhat competitive. Homes sell in 42.5 days.
0
100
53
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 43 days.
Hot homes
can sell for about 1% above list price and go pending in around 16 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Salem
Explore recent offers and recently sold homes in Salem
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 Salem housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Salem.
Risk Factor
Flood Factor - Major
17% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Salem has a major risk of flooding. 4,938 properties in Salem are likely to be
severely affected
by flooding over the next 30 years. This represents 17% of all properties in Salem. Flood risk is increasing slower than the national average.
54% of properties are at risk of wildfire over the next 30 years
Fire Factor
Salem has a moderate risk of wildfire. There are 27,703 properties in Salem that have some risk of being affected by wildfire over the next 30 years. This represents 54% of all properties in Salem.