Why Live in Downtown Salem
Downtown Salem is a bustling neighborhood with a mix of commercial spaces, state government offices, and residential areas. Housing options include single-family homes, primarily Cape Cods, cottages, and Craftsman styles on tree-lined streets, as well as high-rise condos with city views and private parking. The neighborhood is known for its ample green spaces, such as Riverfront Park, which features an amphitheater, walking paths, playgrounds, and the Salem's Riverfront Carousel. The Gilbert House Children's Museum and the expansive Minto-Brown Island Park, connected by the Peter Courtney Minto Island Bridge, offer additional recreational opportunities. State Capitol State Park provides a serene setting with fountains and historical markers. Dining options range from fine dining at Rudy's Steakhouse to casual meals at Masonry Grill, and coffee at the Governor's Cup. Shopping is available at Salem Center mall, though its popularity has waned. Downtown Salem hosts numerous events, including concerts at the Gerry Frank Salem Rotary Amphitheater, the ¡Viva Salem! festival, and a weekly farmers market. The neighborhood is well-connected with walkable streets and extensive Cherriots bus routes. South Salem High School, with its high rating, offers dual credit courses and career and technical education. Willamette University, the oldest university in the western U.S., provides diverse programs. Residents have easy access to medical care at Salem Hospital. The area has a low crime risk compared to the national average, making it a practical choice for potential home buyers.
Home Trends in Downtown Salem, OR
On average, homes in Downtown Salem, Salem sell after 80 days on the market compared to the national average of 52 days. The median sale price for homes in Downtown Salem, Salem over the last 12 months is $387,250, down 3% from the median home sale price over the previous 12 months.
Median Sale Price
$387,250
Median Single Family Sale Price
$375,000
Average Price Per Sq Ft
$279
Number of Homes for Sale
1
Last 12 months Home Sales
16
Median List Price
$394,950
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-3%
