Homes Under $500K in Salem, OR

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3 beds New construction With a pool

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24 of 50 Listings

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Homes Under $500K in Salem, OR

24 of 50 Listings

29Active

50 listings

Homes Under $500K in Salem, OR

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24 of 50 Listings

Map

Homes Under $500K in Salem, OR

24 of 50 Listings

Your local brokerage

Jeffrey J Jonas

L. Custen Realty dba Realty.com

Lic. #200709170

Call Jeffrey

29Active

Your local brokerage

Jeffrey J Jonas

L. Custen Realty dba Realty.com

Lic. #200709170

Call Jeffrey

$269,000

2 bd · 2 ba · 864 sqft

1329 Madras St, Salem, OR

35Active

$239,000

2 bd · 2 ba · 1,018 sqft

4001 12th Cutoff #28 St, Salem, OR

16Active

$259,900

2 bd · 2 ba · 864 sqft

1339 Madras St, Salem, OR

MIA WHITE · HOMESMART REALTY GROUP

Your local brokerage

Jeffrey J Jonas

L. Custen Realty dba Realty.com

Lic. #200709170

Call Jeffrey

33Active

$330,000

2 bd · 2 ba · 870 sqft

2972 Winslow Wy, Salem, OR

SHANE MATTHEWS · HOMESTAR BROKERS

37Active

$295,000

3 bd · 2 ba · 1,320 sqft

3407 Covington St, Salem, OR

SARAH FREITAG · WINDERMERE PACIFIC WEST PROP

Price Reduced33Active

$299,000

2 bd · 1 ba · 924 sqft

227 Commercial St NE, Salem, OR

Marta Guajardo · HomeSmart Realty Group

Price Reduced34Active

$299,000

2 bd · 1 ba · 924 sqft

229 Commercial St NE, Salem, OR

Marta Guajardo · HomeSmart Realty Group

Price Reduced23Active

$310,000

3 bd · 2 ba · 1,265 sqft

2465 Crestview Dr S, Salem, OR

Zachary Thompson · Works Real Estate

Price Reduced22Active

$310,000

3 bd · 2 ba · 1,265 sqft

2465 Crestview Dr, Salem, OR

ZACHARY THOMPSON · WORKS REAL ESTATE

Price Reduced13Active

$215,000

2 bd · 1 ba · 840 sqft

781 Boone Rd 28, Salem, OR

Visay Naggi · Berkshire Hathaway HomeServices Real Estate Professionals

Price Reduced14Active

$215,000

2 bd · 1 ba · 840 sqft

781 Boone (#28) Rd, Salem, OR

VISAY NAGGI · BERKSHIRE HATHAWAY HOMESERVICES R E PROF

15Active

$239,000

3 bd · 2 ba · 1,171 sqft

4001 12th Cutoff Unit 51 St, Salem, OR

PRISCILLA BEGGS · ZENITH REALTY, LLC

Price Reduced25Active

$264,900

2 bd · 2 ba · 1,086 sqft

3828 Auburn Rd, Salem, OR

ALI RASOULI · MORE REALTY

Price Reduced44Active

$239,000

2 bd · 2 ba · 1,116 sqft

1494 Madras St, Salem, OR

Freeman Corbin · Altura Real Estate

Price Reduced48Active

$419,000

3 bd · 3 ba · 2,096 sqft

1902 Spicetree Ln SE, Salem, OR

Heather Rauh · HomeSmart Realty Group

Price Reduced50Active

$419,000

3 bd · 3 ba · 2,096 sqft

1902 Spicetree Ln, Salem, OR

HEATHER RAUH · HOMESMART REALTY GROUP

Price Reduced26Active

$189,900

2 bd · 2 ba · 1,128 sqft

3776 NE Auburn Rd, Salem, OR

Diane Hart · HomeSmart Realty Group

Price Reduced23Active

$260,000

2 bd · 2 ba · 1,007 sqft

3542 Halifax Sq #9, Salem, OR

DENNIS SMITH · EXP REALTY, LLC

14Active

$434,900

3 bd · 3 ba · 1,785 sqft

4048 Kurth St, Salem, OR

GLADYS BLUM · BLUM REAL ESTATE

41Active

$279,900

2 bd · 2 ba · 1,116 sqft

1510 Madras St, Salem, OR

TARAH FAIR · REALTY ONE GROUP WILLAMETTE VALLEY

Price Reduced39Active

$239,900

2 bd · 1 ba · 1,122 sqft

1183 Karen Wy, Salem, OR

CRAIG EVANS · SMI REAL ESTATE

Price Reduced50Active

$259,000

2 bd · 2 ba · 1,120 sqft

6269 Fairway Av, Salem, OR

KATY ROSECRANS · STELLAR REALTY NORTHWEST

10Active

$285,000

2 bd · 2 ba · 1,190 sqft

1125 Chestnut St, Salem, OR

GARY BAUER- P.C. · KNIPE REALTY ERA POWERED

Price Reduced33Active

$225,000

2 bd · 1 ba · 1,122 sqft

1035 Chestnut St, Salem, OR

DALLAS FRANCE · MORE REALTY

Listing data & MLS disclosures

Regional Multiple Listing Service (RMLS): IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Listing information ©2026 RMLS™ of Portland, Oregon.Inc®. All Rights Reserved. Last Updated: 2026-09-30 17:59:13 UTC
Willamette Valley MLS: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.

Salem housing market

August 2026

Selling at 100.0% of asking price

Sales here are closing essentially at asking. MLS · 256 sales · as of Aug 31, 2026

Homes that sold · County records, as of Aug 31, 2026

Median sale price: $448,950$370,750–$553,025 typical range
Price per sq. ft.: $265
Sales: 236
Paid in cash: 25.4%

Homes on the market · MLS, as of Aug 31, 2026

Median list price: $509,000

Salem, OR community profile

Population: 180,030
Median income: $68,617
Housing units: 71,648
People per sq. mi.: 695.4
Area: 258.9 sq. mi.

Source: HJN community data

Explore Salem homes

Your local brokerage

Jeffrey J Jonas

L. Custen Realty dba Realty.com

Lic. #200709170

Call Jeffrey

Listing data & MLS disclosures

Regional Multiple Listing Service (RMLS): IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Listing information ©2026 RMLS™ of Portland, Oregon.Inc®. All Rights Reserved. Last Updated: 2026-09-30 17:59:13 UTC
Willamette Valley MLS: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.

Salem, OR community profile

Population: 180,030
Median income: $68,617
Housing units: 71,648
People per sq. mi.: 695.4
Area: 258.9 sq. mi.

Source: HJN community data

Salem housing market

August 2026

Selling at 100.0% of asking price

Sales here are closing essentially at asking. MLS · 256 sales · as of Aug 31, 2026

Homes that sold · County records, as of Aug 31, 2026

Median sale price: $448,950$370,750–$553,025 typical range
Price per sq. ft.: $265
Sales: 236
Paid in cash: 25.4%

Homes on the market · MLS, as of Aug 31, 2026

Median list price: $509,000

Homes for sale

1,061

Median days on market

46 days

Price trend · Assessor repeat sales, as of Aug 31, 2026

Year-over-year: -1.2%

Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Jul 29, 2026

Median home size: 1,680 sq. ft.

Registered offenders on the map

Registered offenders on the map

Registered offenders on the map

Registered offenders on the map

Your local brokerage

Your local brokerage

Your local brokerage

Listing data & MLS disclosures

Salem housing market

Homes that sold · County records, as of Aug 31, 2026

Homes on the market · MLS, as of Aug 31, 2026

Salem, OR community profile

Explore Salem homes

Your local brokerage

Listing data & MLS disclosures

Salem, OR community profile

Salem housing market

Homes that sold · County records, as of Aug 31, 2026

Homes on the market · MLS, as of Aug 31, 2026

Price trend · Assessor repeat sales, as of Aug 31, 2026

Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Jul 29, 2026