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Homes for Sale in Salem Oregon

Browse through homes for sale in Salem, Oregon to find your dream home.

Salem, Oregon’s capital city, sits in the center of this lovely state and provides something for everyone. It’s a great place to live and build a family.

Eileen O’Reilly is your Oregon real estate specialist, ready to help you every step of the journey with professional advice and direction. Please contact us right away and let us help you discover your ideal house!

Browse through homes for Sale in Salem, Oregon

Why Choose
Eileen O'Reilly?

Eileen O’Reilly is a devoted and accomplished top producing realtor in Oregon and the San Francisco Bay Area of California. In the Bay Area, she is a leading producer. Eileen has a great desire to assist consumers to make their lives better via property investment and providing significant answers to the difficulties that buyers and sellers currently face.

When it comes to dealing with buyers, we know how to display a home in a way that stands out from the crowd. Eileen O’Reilly ensures that their clients generate significant earnings on every house by utilizing a creative pricing policy and the most up-to-date digital marketing tactics. Eileen’s qualifications are in Luxury Home Marketing and Senior Real Estate Specialization. She is also meticulous and elegant.

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Why buy a house in Salem, Oregon?

Salem, Oregon, has enough to offer in terms of facilities, activities, and opportunities. It’s a fantastic place for families, with a convenient location in the Portland metro region. Salem boasts a vibrant nightlife as well as several ways to appreciate nature and participate in outdoor activities. Plus, although being near Portland, it’s far enough away from the city’s troubles to be unaffected.

Salem is also an excellent place for real estate investors due to high rents. The current median rent in Salem is $1,274 per month. Given the comparatively cheap cost of a property in the city, you might spend less on mortgage payments.

This is especially true considering mortgage interest rates in recent months. Rates for 30-year fixed-rate mortgages were 3.56 percent as of January 2022. This is still a modest figure, making a mortgage reasonable.

What is it like to live in Salem, Oregon?

From the town center to its wine region ,Willamette Valley, Salem, Oregon, offers a more tranquil environment and calmer mood than a bigger metropolis like Portland, which is only 50 miles north.

While Salem has a small-town atmosphere, it is not without conveniences.

The famous Elsinore Theater, where locals may enjoy vintage movies, live music, and drama, anchors Salem’s reasonably robust cultural scene. Willamette University’s Hallie Ford Museum of Art features a museum of Pacific Northwest art as well as a diverse collection of works from throughout the world. Salem’s annual World Beat Festival, hosted by the Salem Multicultural Institute, also promotes diverse cultures.

These cost of living indexes are based on a 100-point scale in the United States. If the number is less than 100, Salem is less expensive than the national average. Salem, Oregon seems to be generally a bit more expensive than the national average.

Salem’s cost of living is 101.8

Cost of Living Salem Oregon USA
Total
101.8
113.1
100
Food
100.3
100.4
100
Health-Related Expenses
85.3
88
100
Housing
122.2
148.9
100
Median Home Cost
$354,500
$438,100
$291,700
Utilities
79.3
81
100
Transportation
96.1
107.1
100
Others
95.4
97.6
100

*** 100=National Average

Real Estate Market in Salem, Oregon

Home prices have climbed dramatically in communities all across the Pacific Northwest in recent years, including in Salem.

House prices are substantially greater today than they were only a few years previously. Nonetheless, in terms of median family earnings in the area, Salem is considered a reasonably priced real estate market.

The good news for people looking to purchase a property in Salem is that if they act quickly, they may be able to benefit from price appreciation since prices are predicted to grow in the next year. This is a quicker rate of appreciation than we’ve seen in the last year, so buyers who enter the market early this year might spend less on a property while increasing their home equity.

  • Median House Listing Price

    Salem's median house listing price is $425,000 while the median listing price per square foot is $259.

  • Median Household Income

    The median household income in Salem is $55,920. The median household income in Portland, Oregon is $73,159.

  • Average Days on The Market

    The average number of days on market for homes in Salem is 40 days. The average day on market for homes in Portland, Oregon is 35 days.

  • Average Sold Home Price

    Homes in Salem are sold at a median of $465,800 which is over the listing price.

How we work

5 Simple Steps

  • Tell Us About Your Goals 1

    We want to deeply understand your desires so we can help you get the results you want!

  • Prepare Together2

    We will help you get your loan pre-approved, or prepare your property for appraisal.

  • Customized Search 3

    Depending on goals, we will go to the market with a customized search to find your dream home.

  • We Finalize Negotiations4

    We want the best deal for you, so we guarantee our skilled negotiators will get you the best deal available.

  • Step Into Your Future 5

    Now you are ready to enjoy your new home and step into the future you’ve been dreaming of. It’s that simple!

Frequenty Asked Questions

about Homes for Sale in Salem

Yes! Salem, Oregon has a lot to offer in terms of facilities, activities, and possibilities. It's a great area to live in, with a convenient location in the Portland metro region. Salem boasts a vibrant nightlife as well as several possibilities to appreciate outdoors and recreational sports.

West Salem is one of Salem's most desirable neighborhoods. This is due to the abundance of newer buildings and bigger dwellings. Home prices in this area vary from $400,000 to $600,000, and are also below the average price range.

Although the house prices are substantially higher than a couple years ago, Salem is considered a reasonably priced real estate market.