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Salem, OR Short Sale Homes for Sale

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  • 427 Lost Lake St NE, Salem, OR 97301
    427 Lost Lake St NE, Salem, OR 97301
    427 Lost Lake St NE, Salem, OR 97301
    /39

    $445,000

    $15K PRICE DROP
    • 4 Beds
    • 2.5 Baths
    • 1,942 Sq Ft

    427 Lost Lake St NE, Salem, OR 97301

    Charming newer home in a desirable area offering major upgrades such as AC, fully fenced back yard, and under ground sprinklers. This move-in-ready house is conveniently located near main highways, restaurants, and schools making it an excellent option for a variety of lifestyles! *seller will be crediting the buyer $8,000 toward closing costs* Appliances will be staying behind.

    Armando Solano HARCOURTS ELITE

    427 Lost Lake St NE, Salem, OR 97301
  • 2775 Van Kleeck Place NW, Salem, OR 97304
    2775 Van Kleeck Place NW, Salem, OR 97304
    2775 Van Kleeck Place NW, Salem, OR 97304
    /26

    $375,000

    $20K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,093 Sq Ft

    2775 Van Kleeck Place NW, Salem, OR 97304

    Light-filled single-level home in desirable West Salem! This 3 bedroom, 2 bath home features vaulted ceilings and an open, inviting layout. LVP flooring installed in 2020 adds a modern touch and easy maintenance. The kitchen includes a stainless steel refrigerator, and the primary suite offers a walk-in closet and private bath. Enjoy year-round comfort with a newer furnace and A/C, plus vinyl

    Morgan Vanderwall LEGACY REAL ESTATE

    2775 Van Kleeck Place NW, Salem, OR 97304
Oregon Marion County

Short Sale Homes for Sale in Salem, OR

Home Prices in Salem, OR

The median home sale price in Salem, OR is $443,000, up 2% year-over-year. Homes in Salem sell in 68 days on average, compared to the national average of 56 days.

Home Price Trends

Median Sale Price
$443,000
Median Single Family Sale Price
$456,995
Median Townhouse Sale Price
$393,000
Median 2 Bedroom Sale Price
$332,950
Median 1 Bedroom Sale Price
$280,000
Average Price Per Sq Ft
$277
Number of Homes for Sale
778
Last 12 months Home Sales
3,170
Months of Supply
2.90
Median List Price
$461,995
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
2%

Popular Home Searches in Salem, OR

Salem buyers often look for homes that offer classic charm, functional space, and inviting outdoor areas to enjoy Oregon’s mild seasons.

How to Buy a Home How to Finance a Home How to Sell a Home

In Salem, there are currently 2 short sale homes. A short sale occurs when the lender accepts payment lower than the outstanding mortgage amount from the homeowner. This real estate option can offer buyers an opportunity to secure property at a discounted price, ideal for those seeking value in the market. Browse a selection of short sale homes in Salem, OR that offer a unique opportunity for savvy buyers.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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. Copyright 2026 Williamette Valley Multiple Listing Service.
WVMLS Member Broker: Arlene Richardson.

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