97304 Home Values & Market Trends

There are 76 homes currently listed for 97304. 97304 real estate market trends show that home prices range from $175,000 to $34,842,500, and the median sales price in the 97304 zip code is $483,236.16. The total number of properties sold within the past twelve months is 426. In 97304, 4 properties are in foreclosure, 0 are bank owned properties,and 4 are headed for auction.

97304 Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Salem

$ 451,787

$ 261/sqft

Salem

$ 451,787

$ 261/sqft

Housing Market Summary for 97304

Mar 2023February 2024Change
Median Listing Price$525K$475.3K-9.47%
Median Sold Price$470.3K$475.3K1.06%
Homes For Sale8373-12.05%
Homes Sold2943053.74%
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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 97304

The median list price of a home in Salem, is $483,236.16. A total of 76 properties are for sale, and the percentage of properties for sale in the zip code is 76.00%. The total count of 97304 properties is 10,110.

Foreclosure
There are 2 cities within 97304; within these cities, the median estimated home value for homes in foreclosure ranges from $1,335,051 in salem to the lowest value of $194,153 in salem. Foreclosure homes account for 0.00% of properties in 97304 with salem containing 35 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in 97304 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 97304; 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 97304 ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in 97304. There are 2 cities within 97304; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    salem has 31 auction properties, the highest number of properties going to auction in a single city in the state of 97304. Auction homes and other auction properties account for 0.04% of all properties in 97304. There are 2 cities within 97304; of those cities, the median estimated home value for homes going to auction ranges from $1,335,051 in salem to the lowest value of $194,153 in salem.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.75% of residential properties in 97304 with salem containing 407 homes for sale, the highest number of listed properties in a single city. There are 2 cities within 97304; homes for sale in those cities, have a range of median values from $2,110,698 in salem to the lowest value of $93,707 in salem.
    Sold Homes
    The median value for recently sold homes ranges from $4,987,058 in salem to the lowest price of $37,154 in salem. There are 2 cities within 97304. salem has 1611 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.86% of properties in 97304.

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      Guide for 97304

      Home Buying Guides & Tips
      Oregon Foreclosure Laws
      A Luxury Mansion
      Investing Strategies
      Winning A Luxury Real Estate Auctions: Key Tips
      California
      Fremont Property Market Calms After 2023 Highs; Stabilizes Early 2024 with Peak Median Value at $1.42M
      California
      Santa Ana – An In-Depth Look at Price Fluctuations in 2023-2024
      See More Articles
      Oregon Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Oregon Foreclosure Laws

      A Luxury Mansion
      Winning A Luxury Real Estate Auctions: Key Tips
      Investing Strategies|posted 1 March 2024

      A few quick tips to prepare you for selling a luxury home at auction

      Fremont Property Market Calms After 2023 Highs; Stabilizes Early 2024 with Peak Median Value at $1.42M
      California|posted 1 March 2024

      The Fremont, California real estate market experienced considerable fluctuation throughout 2023 and into 2024, with significant peaks and stabilization across various parameters.

      Santa Ana – An In-Depth Look at Price Fluctuations in 2023-2024
      California|posted 1 March 2024

      Santa Ana’s real estate market thrives with fluctuating median property values and diverse submarkets. Recent trends indicate potential opportunities for investors with varied budgets despite market volatility, enhanced by Santa Ana’s comparatively low foreclosure rates and value-for-money square foot pricing.

      Recently Listed Homes 97304

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