Salem Real Estate Market Overview
Public School Ranking:
Selling a home in Salem, OR
The median home value in Salem is $295,188. The most advantageous time to sell in this city is in either October or July. October sales are 5.30% higher than the yearly average, and July sales are 8 days faster than the sales of any other month. For an expedited sale, we suggest using an iBuyer. Instead of waiting on a potential buyer’s interest, an iBuyer will provide you with an instant, all-cash offer. Unlike other real estate methods, they will handle the responsibilities of open houses, marketing, and repairs. It’s one of the most time-efficient, stress free real estate options available. With some quick research, you could find an iBuyer working in your residential area.
Location & Weather
Salem is the capitol of Oregon, and is located in Marion County. It sits beside the Willamette River, which runs through the city. It is the 3rd largest city in Oregon, and is only an hour drive from Portland. Oregon is home to several schools and universities, such as Willamette University, Corban University, Chemeketa Community College, Chemawa Indian School, and the Oregon School for the Deaf. Salem has a quaint but historic downtown, and is described as a rather peaceful place to live. Its small town feel doesn’t take away from what the city has to offer though, as its energetic culture provides residents and visitors with cinema, music, live theatre, a variety of shopping centers, and annual festivals. Some of the main attractions in Salem include Schreiner’s Iris Gardens, Salem’s Riverfront Carousel, Enchanted Forest Theme Park, Riverfront Park, and the Willamette Valley Fruit Company.
Salem’s weather is made up of short, warm summers and cold, wet winters. During summer, temperatures reach highs in the 80’s and lows in the 50’s. During winter, temperatures reach highs in the 50’s and lows in the 30’s.
Population, Job Market & Cost of Living
This city’s population is 179,944. The job growth here has decreased by 0.1% over the last year but in ten years, is predicted to have increased by 40.2%. The biggest industries here are in government services, trade, transportation, utilities, education, health services, and professional and business services. Some of the largest companies to work for in Salem include Salem Clinic, Garmin, Corban University, Oregon Lottery, Shangri-La, and Willamette Education Service District. The cost of living in this city is only slightly higher than the U.S. average, and is lower than the states average cost of living. This makes Salem a more affordable place to live in Oregon.
Considering the high quality of living, sturdy job growth, and mild climate this city has to offer, Salem will continue to maintain its popularity as one of the best places to live in Oregon.