Salem, OR 97304 Real Estate & Property Data

Salem, OR 97304 Real Estate Market Trends
Last Updated: September 27, 2025

A total of 517 residential properties have been sold over the past 12 months in 97304. With a median sales price of $499,500 in 97304 and a total of 1 foreclosures in Salem, OR 97304. Discover market trends and get the granular level real estate data for Salem, OR 97304 to keep your pulse on the housing market. Curate compelling home reports for Salem, OR 97304 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Salem, OR 97304 Real Estate Market Trends
Total Residential Properties 10,038
Total Commercial Properties 464
Avg. Home Age (Single Family Home) 41 Years
Avg. Square Feet (Single Family Home) 2,087
Total 2025 Residential Sales (year-to-date) 256
% of Homes Seriously Underwater (Q3 2025) 0.65%
Total 2024 Residential Sales 469
% of Equity Rich Homes (Q3 2025) 42.7%
Effective 2024 Property Tax 0.89%
Total Foreclosure Filings (year-to-date) 11
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Salem, OR 97304 Real Estate Overview

There were 517 residential properties sold in the past year in Salem, OR 97304. The median home value in Salem, OR 97304 is $504,750. There are a total of 10,038 residential properties in the 97304.

Median Sales Price i
$499,500
(Jul 2025)
+0.4%
year-over-year
y-o-y
  • July '25 Jul '25 $499,500
  • June '25 Jun '25 $491,000
  • May '25 May '25 $470,437
  • April '25 Apr '25 $516,875
  • March '25 Mar '25 $457,224
  • February '25 Feb '25 $452,500
  • January '25 Jan '25 $437,500
  • December '24 Dec '24 $470,000
  • November '24 Nov '24 $425,000
  • October '24 Oct '24 $443,000
  • September '24 Sep '24 $457,500
  • August '24 Aug '24 $519,950
Median Down Payment i
$76,000
(Jul 2025)
+26.7%
year-over-year
y-o-y
  • July '25 Jul '25 $76,000
  • June '25 Jun '25 $100,000
  • May '25 May '25 $70,000
  • April '25 Apr '25 $105,000
  • March '25 Mar '25 $54,900
  • February '25 Feb '25 $70,300
  • January '25 Jan '25 $93,750
  • December '24 Dec '24 $96,263
  • November '24 Nov '24 $31,500
  • October '24 Oct '24 $50,000
  • September '24 Sep '24 $91,987
  • August '24 Aug '24 $104,000
Number of Homes Sold i
41
(Jul 2025)
+10.8%
year-over-year
y-o-y
  • July '25 Jul '25 41
  • June '25 Jun '25 39
  • May '25 May '25 37
  • April '25 Apr '25 39
  • March '25 Mar '25 29
  • February '25 Feb '25 25
  • January '25 Jan '25 46
  • December '24 Dec '24 40
  • November '24 Nov '24 43
  • October '24 Oct '24 49
  • September '24 Sep '24 52
  • August '24 Aug '24 40
Number of Purchase Loans i
35
(Jul 2025)
+2.9%
year-over-year
y-o-y
  • July '25 Jul '25 35
  • June '25 Jun '25 26
  • May '25 May '25 28
  • April '25 Apr '25 31
  • March '25 Mar '25 17
  • February '25 Feb '25 20
  • January '25 Jan '25 25
  • December '24 Dec '24 33
  • November '24 Nov '24 39
  • October '24 Oct '24 41
  • September '24 Sep '24 36
  • August '24 Aug '24 34
Number of REFI Loans i
21
(Jul 2025)
+50%
year-over-year
y-o-y
  • July '25 Jul '25 21
  • June '25 Jun '25 17
  • May '25 May '25 20
  • April '25 Apr '25 9
  • March '25 Mar '25 17
  • February '25 Feb '25 20
  • January '25 Jan '25 25
  • December '24 Dec '24 23
  • November '24 Nov '24 11
  • October '24 Oct '24 21
  • September '24 Sep '24 16
  • August '24 Aug '24 16
Number of HELOC Loans i
27
(Jul 2025)
+68.8%
year-over-year
y-o-y
  • July '25 Jul '25 27
  • June '25 Jun '25 16
  • May '25 May '25 19
  • April '25 Apr '25 15
  • March '25 Mar '25 23
  • February '25 Feb '25 8
  • January '25 Jan '25 19
  • December '24 Dec '24 17
  • November '24 Nov '24 11
  • October '24 Oct '24 26
  • September '24 Sep '24 21
  • August '24 Aug '24 11

Salem, OR 97304 Foreclosure Activity

There were a total of 1 Salem, OR 97304 properties with a foreclosure filing in July 2025. Lenders started the foreclosure process on 1 Salem, OR 97304 properties and repossessed 1 Salem, OR 97304 properties through completed foreclosures (REOs) in July 2025.

Total Foreclosure Filings i
1
(Jul 2025)
  • July '25 Jul '25 1
  • June '25 Jun '25 1
  • May '25 May '25 1
  • April '25 Apr '25 3
  • March '25 Mar '25 N/A
  • February '25 Feb '25 4
  • January '25 Jan '25 1
  • December '24 Dec '24 N/A
  • November '24 Nov '24 N/A
  • October '24 Oct '24 N/A
  • September '24 Sep '24 N/A
  • August '24 Aug '24 N/A
Foreclosure Starts i
1
(Jul 2025)
  • July '25 Jul '25 1
  • June '25 Jun '25 1
  • May '25 May '25 1
  • April '25 Apr '25 3
  • March '25 Mar '25 N/A
  • February '25 Feb '25 4
  • January '25 Jan '25 1
  • December '24 Dec '24 N/A
  • November '24 Nov '24 N/A
  • October '24 Oct '24 N/A
  • September '24 Sep '24 N/A
  • August '24 Aug '24 N/A
Completed Foreclosures (REOs) i
1
(Jul 2025)
year-over-year
y-o-y
  • July '25 Jul '25 1
  • June '25 Jun '25 1
  • May '25 May '25 N/A
  • April '25 Apr '25 N/A
  • March '25 Mar '25 N/A
  • February '25 Feb '25 N/A
  • January '25 Jan '25 N/A
  • December '24 Dec '24 N/A
  • November '24 Nov '24 N/A
  • October '24 Oct '24 N/A
  • September '24 Sep '24 N/A
  • August '24 Aug '24 N/A
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