97304 Home Values & Market Trends

There are 695 homes currently listed for 97304. 97304 real estate market trends show that home prices range from $69,900 to $4,950,000, and the median sales price in the 97304 zip code is $519,000. The total number of properties sold within the past twelve months is 500. In 97304, 2 properties are in foreclosure, 2 are bank owned properties,and 0 are headed for auction.

97304 Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Salem

$ 446,167

$ 271/sqft

Salem

$ 446,167

$ 271/sqft

Housing Market Summary for 97304

Sep 2025September 2026Change
Median Listing Price$529.4K$531.5K0.40%
Median Sold Price$508.9K$509.6K0.14%
Homes For Sale53068328.87%
Homes Sold190169-11.05%
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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 $519,000. A total of 695 properties are for sale, and the percentage of properties for sale in the zip code is 695.00%. The total count of 97304 properties is 889.

Foreclosure
There are 2 cities within 97304; within these cities, the median estimated home value for homes in foreclosure ranges from $899,900 in salem to the lowest value of $209,000 in salem. Foreclosure homes account for 0.00% of properties in 97304 with salem containing 47 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 $899,900 in salem to the lowest value of $242,271 in salem. Bank owned homes and properties account for 0.22% of properties in 97304. There are 2 cities within 97304; salem containing 10 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    N/A has 0 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% 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 $0 in N/A to the lowest value of $0 in N/A.
Homes for Sale
Homes and properties that are actively listed for sale account for 78.18% of residential properties in 97304 with salem containing 3857 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 $3,200,000 in salem to the lowest value of $87,375 in salem.
    Sold Homes
    The median value for recently sold homes ranges from $1,920,350 in salem to the lowest price of $136,583 in salem. There are 2 cities within 97304. salem has 1115 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 21.37% of properties in 97304.

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      Guide for 97304

      Home Buying Guides & Tips
      How To Buy a Piece of Land in Foreclosure
      Home Buying Guides & Tips
      Foreclosure: Cómo Comprar Una Casa En Ejecución Hipotecaria
      Home Buying Guides & Tips
      How to Buy A Foreclosed Home in Chicago
      Home mortgage
      Real Estate Investing
      How To Find A Potential Pre-foreclosure Home Bargain
      See More Articles
      How To Buy a Piece of Land in Foreclosure
      Home Buying Guides & Tips|posted 3 September 2024

      Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]

      Foreclosure: Cómo Comprar Una Casa En Ejecución Hipotecaria
      Home Buying Guides & Tips|posted 26 August 2024

      Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.

      How to Buy A Foreclosed Home in Chicago
      Home Buying Guides & Tips|posted 10 June 2024

      Learn how to buy a foreclosed home in Chicago, Illinois.

      Home mortgage
      How To Find A Potential Pre-foreclosure Home Bargain
      Real Estate Investing|posted 6 June 2024

      Tips to find a home in pre-foreclosure and get a good deal on a new home.