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Foreclosure Homes in Salem, OR

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Salem, OR Foreclosures

How much do homes sell for in Salem, OR?
The average home price is currently $496,243.
In Salem, OR, how many homes are available?
There are currently 477 active home listings available in Salem.
What’s the average rental cost in Salem, OR?
The average rental price in Salem is $1,268.
What is the most expensive home in Salem?
The most expensive home sold in Salem had a price of $52,075,104.
What is currently the cheapest priced home in Salem, OR?
The cheapest home for sale in Salem is priced at $12,834.

Living in Salem, OR

Salem, OR, is a lively city known for its stunning parks, vibrant downtown, and excellent educational facilities. It features a diverse community and numerous recreational activities, making it a great place for families and individuals alike. With a strong real estate market and various amenities, Salem is an attractive option for real estate investors.

Current Market Conditions in Salem, OR

The current real estate market in Salem shows strong growth, with property values steadily increasing due to high demand. The city has seen a surge in new construction and redevelopment projects, reflecting a commitment to enhancing the community while appealing to newcomers. Investors are taking advantage of this positive trend by exploring various residential and commercial opportunities.

Salem's housing market is diverse, offering affordable options for first-time homebuyers, as well as luxury listings for those seeking premium properties. As the city's population continues to grow, the rental market is also thriving, making it an ideal location for real estate investors looking to generate passive income.

Home Value Estimator For Salem, OR

There are currently 65,142 real estate properties in Salem, OR, with a median automated valuation model (AVM) price of $427,650.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Salem, OR, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Salem, OR, is $496,243.00, with the most expensive house in Salem, OR, topping out at $52,075,104.00 and the cheapest home in Salem, OR, clocking in at $12,834.00. In other words, there’s something for every potential homebuyer or savvy investor in Salem, OR!

Rent Prices In Salem, OR

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Salem, OR, is on a rollercoaster ride. The average rent price in Salem, OR, is $1,268.00. Indeed, when looking to rent in Salem, OR, you can expect to pay as little as $630.00 or as much as $3,940.00, with the average rent median estimated to be $1,220.00. The good news is that finding an affordable and desirable property to rent in Salem, OR -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Salem, OR Foreclosures


Market Trend for Salem, OR

Total Listings Available: 477

Market Values:

Home Prices from $12,834 to $52,075,104

Average Sales Price: $496,243

Rental Values:

Rental from $630 to $3,940

Average Rent Value: $1,268 / month

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