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Homes Under $500K in Salem, OR
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3 bedsNew constructionWith a pool

Homes Under $500K in Salem, OR

Homes Under $500K in Salem, OR

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24 of 44 Listings
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Homes Under $500K in Salem, OR

24 of 44 Listings

Your local brokerage

JJ

Jeffrey J Jonas

L. Custen Realty dba Realty.com

Lic. #200709170

Call Jeffrey
  1. 1223 Karen Wy — photoNew17Active

    $315,000

    2 bd · 2 ba · 1,358 sqft

    1223 Karen Wy, Salem, OR

  2. 1329 Madras St — photo29Active

    $269,000

    2 bd · 2 ba · 864 sqft

    1329 Madras St, Salem, OR

  3. 4001 12th Cutoff #28 St — photo35Active

    $239,000

    2 bd · 2 ba · 1,018 sqft

    4001 12th Cutoff #28 St, Salem, OR

  4. 1339 Madras St — photo16Active

    $259,900

    2 bd · 2 ba · 864 sqft

    1339 Madras St, Salem, OR

    MIA WHITE · HOMESMART REALTY GROUP

  5. 3407 Covington St — photo36Active

    $295,000

    3 bd · 2 ba · 1,320 sqft

    3407 Covington St, Salem, OR

    SARAH FREITAG · WINDERMERE PACIFIC WEST PROP

  6. 227 Commercial St NE — photoPrice Reduced33Active

    $299,000

    2 bd · 1 ba · 924 sqft

    227 Commercial St NE, Salem, OR

    Marta Guajardo · HomeSmart Realty Group

  7. 229 Commercial St NE — photoPrice Reduced34Active

    $299,000

    2 bd · 1 ba · 924 sqft

    229 Commercial St NE, Salem, OR

    Marta Guajardo · HomeSmart Realty Group

  8. 2465 Crestview Dr — photoPrice Reduced22Active

    $299,900

    3 bd · 2 ba · 1,265 sqft

    2465 Crestview Dr, Salem, OR

    ZACHARY THOMPSON · WORKS REAL ESTATE

  9. 2465 Crestview Dr S — photoPrice Reduced23Active

    $299,900

    3 bd · 2 ba · 1,265 sqft

    2465 Crestview Dr S, Salem, OR

    Zachary Thompson · Works Real Estate

  10. 781 Boone Rd 28 — photoPrice Reduced13Active

    $215,000

    2 bd · 1 ba · 840 sqft

    781 Boone Rd 28, Salem, OR

    Visay Naggi · Berkshire Hathaway HomeServices Real Estate Professionals

  11. 781 Boone (#28) Rd — photoPrice Reduced14Active

    $215,000

    2 bd · 1 ba · 840 sqft

    781 Boone (#28) Rd, Salem, OR

    VISAY NAGGI · BERKSHIRE HATHAWAY HOMESERVICES R E PROF

  12. 4001 12th Cutoff Unit 51 St — photo15Active

    $239,000

    3 bd · 2 ba · 1,171 sqft

    4001 12th Cutoff Unit 51 St, Salem, OR

    PRISCILLA BEGGS · ZENITH REALTY, LLC

  13. 3828 Auburn Rd — photoPrice Reduced25Active

    $264,900

    2 bd · 2 ba · 1,086 sqft

    3828 Auburn Rd, Salem, OR

    ALI RASOULI · MORE REALTY

  14. 1494 Madras St — photoPrice Reduced44Active

    $239,000

    2 bd · 2 ba · 1,116 sqft

    1494 Madras St, Salem, OR

    Freeman Corbin · Altura Real Estate

  15. 1902 Spicetree Ln SE — photoPrice Reduced48Active

    $419,000

    3 bd · 3 ba · 2,096 sqft

    1902 Spicetree Ln SE, Salem, OR

    Heather Rauh · HomeSmart Realty Group

  16. 1902 Spicetree Ln — photoPrice Reduced50Active

    $419,000

    3 bd · 3 ba · 2,096 sqft

    1902 Spicetree Ln, Salem, OR

    HEATHER RAUH · HOMESMART REALTY GROUP

  17. 3776 NE Auburn Rd — photoPrice Reduced26Active

    $189,900

    2 bd · 2 ba · 1,128 sqft

    3776 NE Auburn Rd, Salem, OR

    Diane Hart · HomeSmart Realty Group

  18. 3542 Halifax Sq #9 — photoPrice Reduced23Active

    $260,000

    2 bd · 2 ba · 1,007 sqft

    3542 Halifax Sq #9, Salem, OR

    DENNIS SMITH · EXP REALTY, LLC

  19. 4048 Kurth St — photo14Active

    $434,900

    3 bd · 3 ba · 1,785 sqft

    4048 Kurth St, Salem, OR

    GLADYS BLUM · BLUM REAL ESTATE

  20. 1510 Madras St — photo40Active

    $279,900

    2 bd · 2 ba · 1,116 sqft

    1510 Madras St, Salem, OR

    TARAH FAIR · REALTY ONE GROUP WILLAMETTE VALLEY

  21. 1183 Karen Wy — photoPrice Reduced39Active

    $239,900

    2 bd · 1 ba · 1,122 sqft

    1183 Karen Wy, Salem, OR

    CRAIG EVANS · SMI REAL ESTATE

  22. 6269 Fairway Av — photoPrice Reduced50Active

    $259,000

    2 bd · 2 ba · 1,120 sqft

    6269 Fairway Av, Salem, OR

    KATY ROSECRANS · STELLAR REALTY NORTHWEST

  23. 1125 Chestnut St — photo10Active

    $285,000

    2 bd · 2 ba · 1,190 sqft

    1125 Chestnut St, Salem, OR

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

  24. 1035 Chestnut St — photoPrice Reduced33Active

    $225,000

    2 bd · 1 ba · 1,122 sqft

    1035 Chestnut St, Salem, OR

    DALLAS FRANCE · MORE REALTY

12

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The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is derived from various Multiple Listing Services; each source MLS and its required disclaimer are shown with the listings on the applicable page. Realty.com is an independently owned and operated brokerage.

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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: 2026-10-07 16:19:14 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.
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    Your local brokerage

    JJ

    Jeffrey J Jonas

    L. Custen Realty dba Realty.com

    Lic. #200709170

    Call Jeffrey

    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

    September 2026 · This period is still settling

    Salem 12-month median sale price trend

    Selling at 100.0% of asking price

    Sales here are closing essentially at asking. MLS · 240 sales · as of Sep 30, 2026

    Homes that sold · County records, as of Sep 17, 2026

    Median sale price
    $420,000$351,500–$512,000 typical range
    Price per sq. ft.
    $254
    Sales
    87
    Paid in cash
    28.7%

    Homes on the market · MLS, as of Sep 27, 2026–Sep 30, 2026

    Median list price
    $499,900
    Homes for sale
    1,133
    Median days on market
    45 days

    Price trend · Assessor repeat sales, as of Sep 30, 2026

    Year-over-year
    -4.6%

    Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Sep 2, 2026

    Median home size
    1,679 sq. ft.