Salem, OR 97302 Real Estate & Property Data

Salem, OR 97302 Real Estate Market Trends
Last Updated: August 30, 2025

A total of 640 residential properties have been sold over the past 12 months in 97302. With a median sales price of $518,000 in 97302 and a total of 2 foreclosures in Salem, OR 97302. Discover market trends and get the granular level real estate data for Salem, OR 97302 to keep your pulse on the housing market. Curate compelling home reports for Salem, OR 97302 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Salem, OR 97302 Real Estate Market Trends
Total Residential Properties 12,238
Total Commercial Properties 1,123
Avg. Home Age (Single Family Home) 57 Years
Avg. Square Feet (Single Family Home) 1,961
Total 2025 Residential Sales (year-to-date) 287
% of Homes Seriously Underwater (Q3 2025) 0.61%
Total 2024 Residential Sales 526
% of Equity Rich Homes (Q3 2025) 48.13%
Effective 2024 Property Tax 0.97%
Total Foreclosure Filings (year-to-date) 11
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Salem, OR 97302 Real Estate Overview

There were 640 residential properties sold in the past year in Salem, OR 97302. The median home value in Salem, OR 97302 is $464,636. There are a total of 12,238 residential properties in the 97302.

Median Sales Price i
$518,000
(Jun 2025)
+7.5%
year-over-year
y-o-y
  • June '25 Jun '25 $518,000
  • May '25 May '25 $450,000
  • April '25 Apr '25 $434,000
  • March '25 Mar '25 $519,500
  • February '25 Feb '25 $425,900
  • January '25 Jan '25 $507,500
  • December '24 Dec '24 $475,000
  • November '24 Nov '24 $458,500
  • October '24 Oct '24 $435,000
  • September '24 Sep '24 $434,900
  • August '24 Aug '24 $416,500
  • July '24 Jul '24 $460,000
Median Down Payment i
$110,000
(Jun 2025)
+107.6%
year-over-year
y-o-y
  • June '25 Jun '25 $110,000
  • May '25 May '25 $75,000
  • April '25 Apr '25 $54,880
  • March '25 Mar '25 $46,200
  • February '25 Feb '25 $37,000
  • January '25 Jan '25 $36,750
  • December '24 Dec '24 $37,490
  • November '24 Nov '24 $50,250
  • October '24 Oct '24 $35,000
  • September '24 Sep '24 $53,500
  • August '24 Aug '24 $28,500
  • July '24 Jul '24 $38,750
Number of Homes Sold i
52
(Jun 2025)
-20%
year-over-year
y-o-y
  • June '25 Jun '25 52
  • May '25 May '25 54
  • April '25 Apr '25 45
  • March '25 Mar '25 52
  • February '25 Feb '25 27
  • January '25 Jan '25 57
  • December '24 Dec '24 63
  • November '24 Nov '24 44
  • October '24 Oct '24 52
  • September '24 Sep '24 34
  • August '24 Aug '24 60
  • July '24 Jul '24 35
Number of Purchase Loans i
41
(Jun 2025)
-21.2%
year-over-year
y-o-y
  • June '25 Jun '25 41
  • May '25 May '25 46
  • April '25 Apr '25 39
  • March '25 Mar '25 33
  • February '25 Feb '25 19
  • January '25 Jan '25 56
  • December '24 Dec '24 42
  • November '24 Nov '24 35
  • October '24 Oct '24 45
  • September '24 Sep '24 29
  • August '24 Aug '24 50
  • July '24 Jul '24 28
Number of REFI Loans i
25
(Jun 2025)
+78.6%
year-over-year
y-o-y
  • June '25 Jun '25 25
  • May '25 May '25 15
  • April '25 Apr '25 22
  • March '25 Mar '25 25
  • February '25 Feb '25 16
  • January '25 Jan '25 23
  • December '24 Dec '24 21
  • November '24 Nov '24 17
  • October '24 Oct '24 24
  • September '24 Sep '24 23
  • August '24 Aug '24 13
  • July '24 Jul '24 14
Number of HELOC Loans i
23
(Jun 2025)
year-over-year
y-o-y
  • June '25 Jun '25 23
  • May '25 May '25 24
  • April '25 Apr '25 15
  • March '25 Mar '25 26
  • February '25 Feb '25 17
  • January '25 Jan '25 25
  • December '24 Dec '24 24
  • November '24 Nov '24 11
  • October '24 Oct '24 24
  • September '24 Sep '24 25
  • August '24 Aug '24 16
  • July '24 Jul '24 23

Salem, OR 97302 Foreclosure Activity

There were a total of 2 Salem, OR 97302 properties with a foreclosure filing in June 2025. Lenders started the foreclosure process on 2 Salem, OR 97302 properties and repossessed 1 Salem, OR 97302 properties through completed foreclosures (REOs) in June 2025.

Total Foreclosure Filings i
2
(Jun 2025)
+100%
year-over-year
y-o-y
  • June '25 Jun '25 2
  • May '25 May '25 4
  • April '25 Apr '25 3
  • March '25 Mar '25 2
  • February '25 Feb '25 N/A
  • January '25 Jan '25 N/A
  • December '24 Dec '24 5
  • November '24 Nov '24 1
  • October '24 Oct '24 1
  • September '24 Sep '24 N/A
  • August '24 Aug '24 2
  • July '24 Jul '24 2
Foreclosure Starts i
2
(Jun 2025)
+100%
year-over-year
y-o-y
  • June '25 Jun '25 2
  • May '25 May '25 4
  • April '25 Apr '25 3
  • March '25 Mar '25 2
  • February '25 Feb '25 N/A
  • January '25 Jan '25 N/A
  • December '24 Dec '24 5
  • November '24 Nov '24 1
  • October '24 Oct '24 1
  • September '24 Sep '24 N/A
  • August '24 Aug '24 2
  • July '24 Jul '24 2
Completed Foreclosures (REOs) i
1
(Jun 2025)
  • June '25 Jun '25 1
  • May '25 May '25 N/A
  • April '25 Apr '25 1
  • March '25 Mar '25 N/A
  • February '25 Feb '25 N/A
  • January '25 Jan '25 N/A
  • December '24 Dec '24 N/A
  • November '24 Nov '24 N/A
  • October '24 Oct '24 N/A
  • September '24 Sep '24 N/A
  • August '24 Aug '24 N/A
  • July '24 Jul '24 N/A
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