Salem, OR 97306 Real Estate & Property Data

Salem, OR 97306 Real Estate Market Trends
Last Updated: April 27, 2024

A total of 464 residential properties have been sold over the past 12 months in 97306. With a median sales price of $480,000 in 97306 and a total of 1 foreclosures in Salem, OR 97306. Discover market trends and get the granular level real estate data for Salem, OR 97306 to keep your pulse on the housing market. Curate compelling home reports for Salem, OR 97306 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Salem, OR 97306 Real Estate Market Trends
Total Residential Properties 10,085
Total Commercial Properties 412
Avg. Home Age (Single Family Home) 32 Years
Avg. Square Feet (Single Family Home) 1,996
Total 2024 Residential Sales (year-to-date) 49
% of Homes Seriously Underwater (Q2 2024) 0.73%
Total 2023 Residential Sales 432
% of Equity Rich Homes (Q2 2024) 46.4%
Effective 2023 Property Tax 0.98%
Total Foreclosure Filings (year-to-date) 1
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Salem, OR 97306 Real Estate Overview

There were 464 residential properties sold in the past year in Salem, OR 97306. The median home value in Salem, OR 97306 is $461,750. There are a total of 10,085 residential properties in the 97306.

Median Sales Price i
$480,000
(Feb 2024)
-7.7%
year-over-year
y-o-y
  • February '24 Feb '24 $480,000
  • January '24 Jan '24 $490,000
  • December '23 Dec '23 $485,000
  • November '23 Nov '23 $449,000
  • October '23 Oct '23 $457,000
  • September '23 Sep '23 $461,500
  • August '23 Aug '23 $473,000
  • July '23 Jul '23 $475,000
  • June '23 Jun '23 $445,000
  • May '23 May '23 $441,825
  • April '23 Apr '23 $430,000
  • March '23 Mar '23 $425,000
Median Down Payment i
$28,750
(Feb 2024)
-77.3%
year-over-year
y-o-y
  • February '24 Feb '24 $28,750
  • January '24 Jan '24 $42,500
  • December '23 Dec '23 $83,500
  • November '23 Nov '23 $86,000
  • October '23 Oct '23 $78,033
  • September '23 Sep '23 $96,990
  • August '23 Aug '23 $57,000
  • July '23 Jul '23 $56,250
  • June '23 Jun '23 $34,497
  • May '23 May '23 $53,400
  • April '23 Apr '23 $48,645
  • March '23 Mar '23 $66,542
Number of Homes Sold i
27
(Feb 2024)
-3.6%
year-over-year
y-o-y
  • February '24 Feb '24 27
  • January '24 Jan '24 22
  • December '23 Dec '23 25
  • November '23 Nov '23 26
  • October '23 Oct '23 40
  • September '23 Sep '23 38
  • August '23 Aug '23 37
  • July '23 Jul '23 45
  • June '23 Jun '23 43
  • May '23 May '23 39
  • April '23 Apr '23 46
  • March '23 Mar '23 48
Number of Purchase Loans i
23
(Feb 2024)
+4.5%
year-over-year
y-o-y
  • February '24 Feb '24 23
  • January '24 Jan '24 19
  • December '23 Dec '23 19
  • November '23 Nov '23 19
  • October '23 Oct '23 37
  • September '23 Sep '23 29
  • August '23 Aug '23 31
  • July '23 Jul '23 38
  • June '23 Jun '23 37
  • May '23 May '23 36
  • April '23 Apr '23 44
  • March '23 Mar '23 44
Number of REFI Loans i
18
(Feb 2024)
+38.5%
year-over-year
y-o-y
  • February '24 Feb '24 18
  • January '24 Jan '24 7
  • December '23 Dec '23 11
  • November '23 Nov '23 10
  • October '23 Oct '23 17
  • September '23 Sep '23 15
  • August '23 Aug '23 11
  • July '23 Jul '23 8
  • June '23 Jun '23 13
  • May '23 May '23 8
  • April '23 Apr '23 9
  • March '23 Mar '23 16
Number of HELOC Loans i
10
(Feb 2024)
-28.6%
year-over-year
y-o-y
  • February '24 Feb '24 10
  • January '24 Jan '24 18
  • December '23 Dec '23 18
  • November '23 Nov '23 16
  • October '23 Oct '23 24
  • September '23 Sep '23 18
  • August '23 Aug '23 22
  • July '23 Jul '23 26
  • June '23 Jun '23 25
  • May '23 May '23 23
  • April '23 Apr '23 20
  • March '23 Mar '23 15

Salem, OR 97306 Foreclosure Activity

There were a total of 1 Salem, OR 97306 properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i
1
(Feb 2024)
-50%
year-over-year
y-o-y
  • February '24 Feb '24 1
  • January '24 Jan '24 N/A
  • December '23 Dec '23 1
  • November '23 Nov '23 1
  • October '23 Oct '23 N/A
  • September '23 Sep '23 1
  • August '23 Aug '23 N/A
  • July '23 Jul '23 2
  • June '23 Jun '23 N/A
  • May '23 May '23 2
  • April '23 Apr '23 1
  • March '23 Mar '23 N/A
Foreclosure Starts i
1
(Feb 2024)
-50%
year-over-year
y-o-y
  • February '24 Feb '24 1
  • January '24 Jan '24 N/A
  • December '23 Dec '23 1
  • November '23 Nov '23 1
  • October '23 Oct '23 N/A
  • September '23 Sep '23 1
  • August '23 Aug '23 N/A
  • July '23 Jul '23 2
  • June '23 Jun '23 N/A
  • May '23 May '23 2
  • April '23 Apr '23 1
  • March '23 Mar '23 N/A
Completed Foreclosures (REOs) i
  • February '24 Feb '24 N/A
  • January '24 Jan '24 N/A
  • December '23 Dec '23 N/A
  • November '23 Nov '23 N/A
  • October '23 Oct '23 N/A
  • September '23 Sep '23 N/A
  • August '23 Aug '23 N/A
  • July '23 Jul '23 N/A
  • June '23 Jun '23 N/A
  • May '23 May '23 3
  • April '23 Apr '23 N/A
  • March '23 Mar '23 N/A
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