97301 Home Values & Market Trends

There are 104 homes currently listed for 97301. 97301 real estate market trends show that home prices range from $249,900 to $1,850,000, and the median sales price in the 97301 zip code is $350,224.54. The total number of properties sold within the past twelve months is 537. In 97301, 13 properties are in foreclosure, 1 are bank owned properties,and 12 are headed for auction.

97301 Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Salem

$ 450,000

$ 252/sqft

Salem

$ 450,000

$ 252/sqft

Housing Market Summary for 97301

Apr 2023March 2024Change
Median Listing Price$340K$344.8K1.41%
Median Sold Price$348.1K$344.8K-0.94%
Homes For Sale799621.52%
Homes Sold323266-17.65%
Price
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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 97301

The median list price of a home in Salem, is $350,224.54. A total of 104 properties are for sale, and the percentage of properties for sale in the zip code is 104.00%. The total count of 97301 properties is 11,844.

Foreclosure
There are 2 cities within 97301; 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 97301 with salem containing 41 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in 97301 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 97301; 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 97301 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 97301. There are 2 cities within 97301; salem containing 3 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    salem has 38 auction properties, the highest number of properties going to auction in a single city in the state of 97301. Auction homes and other auction properties account for 0.10% of all properties in 97301. There are 2 cities within 97301; 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 0.88% of residential properties in 97301 with salem containing 551 homes for sale, the highest number of listed properties in a single city. There are 2 cities within 97301; 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 97301. salem has 1456 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.23% of properties in 97301.

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      Guide for 97301

      Home Buying Guides & Tips
      Oregon Foreclosure Laws
      Home Buying Guides & Tips
      Is Buying a Foreclosed Home a Good Idea for First-Time Home Buyers?
      Home Buying Guides & Tips
      How To Stop a Foreclosure via a Short Sale
      Pennsylvania
      Las Vegas Market Report – April 2024
      See More Articles
      Oregon Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Oregon Foreclosure Laws

      Is Buying a Foreclosed Home a Good Idea for First-Time Home Buyers?
      Home Buying Guides & Tips|posted 26 April 2024

      Are you considering purchasing a foreclosure for your first home? Let’s look potential pitfalls, and essential tips to make an informed decision.

      How To Stop a Foreclosure via a Short Sale
      Home Buying Guides & Tips|posted 26 April 2024

      Learn how a short sale can stop the foreclosure process.

      Las Vegas Market Report – April 2024
      Pennsylvania|posted 25 April 2024

      A comprehensive look at the current real estate trends in Las Vegas and surrounding areas, highlighting the fluctuation in property prices, inventory and sales.