97306 Home Values & Market Trends

There are 106 homes currently listed for 97306. 97306 real estate market trends show that home prices range from $263,000 to $7,727,700, and the median sales price in the 97306 zip code is $461,705.13. The total number of properties sold within the past twelve months is 454. In 97306, 3 properties are in foreclosure, 1 are bank owned properties,and 2 are headed for auction.

97306 Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Salem

$ 450,000

$ 253/sqft

Salem

$ 450,000

$ 253/sqft

Housing Market Summary for 97306

Apr 2023March 2024Change
Median Listing Price$517.5K$463.6K-10.41%
Median Sold Price$477.5K$463.6K-2.91%
Homes For Sale769930.26%
Homes Sold298238-20.13%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in 97306

The median list price of a home in Salem, is $461,705.13. A total of 106 properties are for sale, and the percentage of properties for sale in the zip code is 106.00%. The total count of 97306 properties is 10,184.

Foreclosure
There are 2 cities within 97306; within these cities, the median estimated home value for homes in foreclosure ranges from $1,432,361 in salem to the lowest value of $197,256 in salem. Foreclosure homes account for 0.00% of properties in 97306 with salem containing 39 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in 97306 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 2 cities within 97306; of those cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 97306 ranges from the highest value of $885,711 in salem to the lowest value of $247,847 in salem. Bank owned homes and properties account for 0.01% of properties in 97306. There are 2 cities within 97306; salem containing 3 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    salem has 36 auction properties, the highest number of properties going to auction in a single city in the state of 97306. Auction homes and other auction properties account for 0.02% of all properties in 97306. There are 2 cities within 97306; of those cities, the median estimated home value for homes going to auction ranges from $1,432,361 in salem to the lowest value of $197,256 in salem.
Homes for Sale
Homes and properties that are actively listed for sale account for 1.04% of residential properties in 97306 with salem containing 526 homes for sale, the highest number of listed properties in a single city. There are 2 cities within 97306; homes for sale in those cities, have a range of median values from $1,589,369 in salem to the lowest value of $90,918 in salem.
    Sold Homes
    The median value for recently sold homes ranges from $2,117,800 in salem to the lowest price of $35,734 in salem. There are 2 cities within 97306. salem has 1463 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.47% of properties in 97306.

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      Guide for 97306

      Home Buying Guides & Tips
      Oregon Foreclosure Laws
      Investment Financing
      A Guide to Foreclosure Financing and Refinancing
      Market Reports
      Property Values and Sales on the Rise in Savannah, Georgia – April 2024
      Market Reports
      Mobile’s Real Estate Market Shows Promising Growth Despite Sales Dip in March 2024
      See More Articles
      Oregon Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Oregon Foreclosure Laws

      A Guide to Foreclosure Financing and Refinancing
      Investment Financing|posted 17 April 2024

      Information on foreclosure financing, refinancing, and foreclosure mortgages.

      Property Values and Sales on the Rise in Savannah, Georgia – April 2024
      Market Reports|posted 17 April 2024

      Market report of Savannah, GA, a real estate market that has shown consistent growth, with the average property value reaching nearly $400,000.

      Mobile’s Real Estate Market Shows Promising Growth Despite Sales Dip in March 2024
      Market Reports|posted 17 April 2024

      Report of recent trends in Mobile, Alabama’s real estate market, highlighting rising property values, fluctuating sales volumes, and the variations in value and sales figures across neighboring areas as of March 2024.