97306 Home Values & Market Trends

There are 100 homes currently listed for 97306. 97306 real estate market trends show that home prices range from $264,900 to $7,727,700, and the median sales price in the 97306 zip code is $469,066.28. The total number of properties sold within the past twelve months is 467. In 97306, 5 properties are in foreclosure, 1 are bank owned properties,and 4 are headed for auction.

97306 Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Salem

$ 440,000

$ 259/sqft

Salem

$ 440,000

$ 259/sqft

Housing Market Summary for 97306

Mar 2023February 2024Change
Median Listing Price$475K$471.6K-0.72%
Median Sold Price$479.4K$471.6K-1.63%
Homes For Sale718012.68%
Homes Sold2812830.71%
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 97306

The median list price of a home in Salem, is $469,066.28. A total of 100 properties are for sale, and the percentage of properties for sale in the zip code is 100.00%. The total count of 97306 properties is 10,111.

Foreclosure
There are 2 cities within 97306; within these cities, the median estimated home value for homes in foreclosure ranges from $1,534,541 in salem to the lowest value of $205,048 in salem. Foreclosure homes account for 0.00% of properties in 97306 with salem containing 36 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 $948,895 in salem to the lowest value of $258,014 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 33 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 0.04% 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 $1,534,541 in salem to the lowest value of $205,048 in salem.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.99% of residential properties in 97306 with salem containing 452 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 $1,595,000 in salem to the lowest value of $94,817 in salem.
    Sold Homes
    The median value for recently sold homes ranges from $4,975,579 in salem to the lowest price of $37,005 in salem. There are 2 cities within 97306. salem has 1503 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.51% of properties in 97306.

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      Guide for 97306

      Home Buying Guides & Tips
      Oregon Foreclosure Laws
      Home Buying Financing
      How To Get House Mortgage With Low Credit Score
      Wholesale
      Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers
      Home Buying Guides & Tips
      How Do You Buy a House if You’re Broke?
      See More Articles
      Oregon Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Oregon Foreclosure Laws

      How To Get House Mortgage With Low Credit Score
      Home Buying Financing|posted 22 March 2024

      Learn how to secure a house mortgage even with a low credit score.

      Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers
      Wholesale|posted 20 March 2024

      Explore the legal pitfalls to avoid when dealing with pre-foreclosure sellers. Learn how to navigate the complex process safely and protect yourself from costly mistakes and legal complications.

      How Do You Buy a House if You’re Broke?
      Home Buying Guides & Tips|posted 20 March 2024

      What can you do when you want to buy a house when you’re strapped for cash?