Stay ahead with market trends and local insights that matter.
Home prices are trending up by 9% year-over-year, with a median list price of $509,900 and a median sale price of $500,000. Properties sell at an average of $519,324, typically spending 49 days on the market.
Location
97304, Salem, OR
Date
05-17-2023
Avg Sale Price
$480,000
The market maintains its steady pace indicating a consistent buyer interest. A total of 178 homes were sold with 50 properties undergoing price cuts. Leverage these insights to assess market conditions and plan your next move.
Location
97304, Salem, OR
Date
05-17-2023
Price Ratio
99%
Choosing the right school is crucial for your child's education. Compare ratings, distance, and academic offerings across elementary, middle and high schools to make a well-informed decision.
Riviera Christian School
KG to 5
Straub Middle School
6 to 8
Ratings
C-
Walker Middle School
6 to 8
Ratings
C-
West Salem High School
9 to 12
Ratings
A-
Weather plays a crucial role in real estate decisions. Consider environmental factors like flood risks, wildfire hazards, extreme heat, and other climate conditions for a well-informed choice.
Population dynamics, income levels, and employment patterns are key indicators of real estate demand and future growth. Use these insights to make well-informed decisions.
With a steadily growing population, the area offers a vibrant community atmosphere. Current data indicates a population increase of 19% since 2010, reflecting rising demand for housing and local amenities. This trend highlights the area's potential for continued development and long-term residential appeal.
Average Age is 40 Years
The area's household landscape is diverse, with 63% owner-occupied homes and 37% renter-occupied properties. Family households represent 67% of the population, indicating a strong community focus on family living. The average home value stands at $534,460, which suggests ample demand for multi-bedroom properties.
The area's community showcases a dynamic blend of cultures, contributing to a rich and inclusive environment. Demographic data highlights a diverse composition, with 4% Asian, 1% Black, and 1% Native residents, alongside 76% White and 15% Hispanic/Other populations. This multicultural landscape offers residents a vibrant and culturally enriched living experience.
The area reflects a well-distributed income pattern with approximately 40% of households earning over $100,000 annually, while 30% fall within the $50,000 to $100,000 range. The median income stands at $75,000, signalling a financially stable community with growth potential.
The area has a diverse workforce with employment spanning across sectors like technology, healthcare, education, and retail. Below is the percentage of residents employed across various industries, highlighting the region's balanced and dynamic economic landscape.
% of People are working in various industries.