2290 MORROW CT NW SALEM OR 97304 503431 POLK COUNTY OR
Property Characteristics
Gross Area: 2336
Living Area: 1780
Above Grade: 2,336
Bedrooms: 3
Bath (F/H): 2/1
Fireplace: GAS/LOG
Garage Area: 460
Interior Wall
Roof Shape: GABLE Porch Type:
Foundation: SLAB Patio Type: RAILED DECK
2 Units: 1
Property Information
CITY BOUNDARY MAP
2290 MORROW CT NW SALEM OR 97304
503431
POLK COUNTY OR
Salem-keizer Sd 24j
Elementary Schools
Brush College Elementary School
2623 Doaks Ferry Rd Nw Salem OR 97304
Grades: KG to 05
Charter School: N Magnet School: U
Kalapuya Elementary School
2085 Wilmington Ave Nw Salem OR 97304
Grades: KG to 05
Charter School: N
Middle Schools
Straub Middle School
Magnet School: U
1920 Wilmington Ave Nw Salem OR 97304
Grades: 06 to 08
Charter School: N
Walker Middle School
1075 8th St Nw Salem OR 97304
Grades: 06 to 08
Charter School: N
High Schools
West Salem High School
1776 Titan Way Salem OR 97304
Grades: 09 to 12
Charter School: N
Mcnary High School
595 Chemawa Rd N Keizer OR 97303
Magnet School: U
Magnet School: U
Magnet School: U
503-399-3132
Area Desc:
Distance: 0.19 Miles
Title One: NO
503-399-2110
Area Desc:
Distance: 0.45 Miles
Title One: NO
503-399-2030
Area Desc:
Distance: 0.59 Miles
Title One: NO
503-399-3220
Area Desc:
Distance: 1.87 Miles
Title One: NO
503-399-5533
Area Desc:
Distance: 0.81 Miles
Title One: NO
503-399-3233
Area Desc:
Grades: 09 to 12 Distance: 3.14 Miles
Charter School: N
Magnet School: U
Title One: NO
Your assigned school should be the first school in each category, but it is recommended you check with the district or school. The above is
Students We Serve
OREGON AT-A-GLANCE DISTRICT PROFILE
SD 24J
SUPERINTENDENT: Andrea Castañeda | 2450 Lancaster Dr, Salem 97305 | 503-399-3000
Academic Success
Students
Grade 3 ENGLISH LANGUAGE ARTS
Students
Grade 8 MATHEMATICS
2023-24
High School Success
ON-TIME GRADUATION
Students
COMPLETION
Students earning a high school
District Goals
We create the conditions for all students to graduate prepared for a successful life. Efforts to achieve this goal include creating safe and welcoming schools with culturally relevant, inclusive, and rigorous instruction while developing leaders with the knowledge, will, and skill to achieve equitable student outcomes. Partnering with the Salem-Keizer community ensures our schools embody shared values and empower all students to reach their full potential.
State Goals
The Oregon Department of Education is collaborating with school districts and communities across the state to achieve a 90% on-time graduation rate by 2027. Grounded in the pillars of Academic Excellence, Belonging and Wellness, and Reimagined Accountability, ODE prioritizes evidence-based practices to boost early literacy, attendance, and student engagement. We are committed to closing opportunity and achievement gaps for marginalized students and securing long-term success for all of Oregon’s learners by investing in culturally responsive practices, fostering inclusive environments and always driving for continuous improvement.
Our school prioritizes equity, ensuring all students receive the support they need to succeed. Through standardsbased instruction and a multi-tiered system of support, we address individual learning needs that include targeted language support. We celebrate each student's assets and values while partnering with families and the community; we create a safe, inclusive environment for every student's success while fostering a safe, caring environment.
State Goals
The Oregon Department of Education is collaborating with school districts and communities across the state to achieve a 90% ontime graduation rate by 2027. Grounded in the pillars of Academic Excellence, Belonging and Wellness, and Reimagined Accountability, ODE prioritizes evidence-based practices to boost early literacy, attendance, and student engagement. We are committed to closing opportunity and achievement gaps for marginalized students and securing long-term success for all of Oregon’s learners by investing in culturally responsive practices, fostering inclusive environments and always driving for continuous improvement.
Safe & Welcoming Environment
Our dual language school prioritizes equitable outcomes for all students. Guided by data, we prioritize success, promote engagement, and close opportunity gaps. Embracing equity, we offer social-emotional support and standards-based instruction in English and Spanish. With targeted language assistance and a multi-tiered system, we address diverse needs. We celebrate each student's strengths, partnering with families and the community to create a safe, inclusive environment for success.
Our Staff (rounded FTE)
OREGON AT-A-GLANCE SCHOOL PROFILE
Brush College Elementary School
Outcomes
REGULAR ATTENDERS
ENGLISH LANGUAGE ARTS
About Our School
BULLYING, HARASSMENT, AND SAFETY POLICIES
Students are encouraged to express concerns and resolve conflicts peacefully. We offer counseling programs focused on bullying prevention and conflict resolution and enable students to report safety issues via SafeOregon Network. Our goal is to create a nurturing atmosphere where students feel secure, supported, and free from discrimination, with a focus on antibullying education and professional support for social, emotional, and behavioral health.
EXTRACURRICULAR ACTIVITIES
- School Choir
- Honor Choir
- Band for fifth-grade students
- Orchestra for fourth- and fifth-grade students
- Talented and Gifted Program
- Y-Care before and after school childcare program
PARENT ENGAGEMENT
We prioritize the physical, social, and emotional safety of all students, regardless of demographics or identities. Our commitment ensures a respectful environment for every student, family, staff, and community member. We honor diversity and inclusivity, embracing all backgrounds, races, religions, genders, sexual orientations, national origins, marital statuses, ages, disabilities, and familial statuses. Academic success is achieved through a safe, welcoming, and respectful learning environment that adapts to the needs of our students and community.
COMMUNITY ENGAGEMENT
The SKPS community has a long and proven history of support for education and their schools. We work every day to steward that support by preparing our students for success in school and life. Our district strives to provide world-class experiences exposing our students to innovative learning in state-of-the-art buildings delivered by best-in-class teachers. We recognize that we can only do this work in partnership with our community. We are grateful for the lifechanging assistance we receive from our volunteers, businesses, civic groups, faith communities, and countless others.
We prioritize the physical, social, and emotional safety of all students, regardless of their identities. We are committed to creating safe and respectful environments for students, families, staff, and the community. We value diversity and inclusion, honoring individuals of all backgrounds, races, religions, genders, sexual orientations, nationalities, marital statuses, ages, disabilities, and familial statuses. Academic success is achieved in a safe, welcoming, and respectful learning environment tailored to the needs of our community.
State Goals
The Oregon Department of Education is collaborating with school districts and communities across the state to achieve a 90% ontime graduation rate by 2027. Grounded in the pillars of Academic Excellence, Belonging and Wellness, and Reimagined Accountability, ODE prioritizes evidence-based practices to boost early literacy, attendance, and student engagement. We are committed to closing opportunity and achievement gaps for marginalized students and securing long-term success for all of Oregon’s learners by investing in culturally responsive practices, fostering inclusive environments and always driving for continuous improvement.
Safe & Welcoming Environment
We prioritize the physical, social, and emotional safety of every student, regardless of demographics or identities. We are committed to creating environments that ensure strong safety and respect for all students, families, staff, and community members. Embracing diversity and inclusivity, we honor everyone regardless of background, race, color, religion, sex, sexual orientation, gender identity, or any other status. By fostering a welcoming atmosphere, we support academic success and adapt to meet evolving needs.
Our Staff (rounded FTE)
OREGON AT-A-GLANCE SCHOOL PROFILE
Straub Middle School
Outcomes
REGULAR ATTENDERS
ENGLISH LANGUAGE ARTS
About Our School
BULLYING, HARASSMENT, AND SAFETY POLICIES
Students are encouraged to express concerns and resolve conflicts peacefully. We offer counseling programs focused on bullying prevention and conflict resolution and enable students to report safety issues via SafeOregon Network. Our goal is to create a nurturing atmosphere where students feel secure, supported, and free from discrimination, with a focus on antibullying education and professional support for social, emotional, and behavioral health.
EXTRACURRICULAR ACTIVITIES
Yearbook, 7th and 8th-grade summer enrichment camp, 6th Grade Wolf Camp Orientation, National Junior Honor Society, Wolf Den Tutoring Center.
Our student will also have access to the African American Youth Leadership Conference, an 8th-grade trip to a college campus, and our school-wide Career Day. We also offer opportunities such as National Junior Honor Society, Music competitions, Unified Music / PE, Student leadership, and AVID College Field Trips Athletic programs:Cross country (6th8th), Football (7th & 8th), Volleyball (7th & 8th), Wrestling (6th - 8th), Basketball (6th8th), Track & Field (6th - 8th), Soccer (6th8th)
PARENT ENGAGEMENT
We prioritize the physical, social, and emotional safety of all students, regardless of demographics or identities. Our commitment ensures a respectful environment for every student, family, staff, and community member. We honor diversity and inclusivity, embracing all backgrounds, races, religions, genders, sexual orientations, national origins, marital statuses, ages, disabilities, and familial statuses. Academic success is achieved through a safe, welcoming, and respectful learning environment that adapts to the needs of our students and community.
COMMUNITY ENGAGEMENT
The SKPS community has a long and proven history of support for education and their schools. We work every day to steward that support by preparing our students for success in school and life. Our district strives to provide world-class experiences exposing our students to innovative learning in state-of-the-art buildings delivered by best-in-class teachers. We recognize that we can only do this work in partnership with our community. We are grateful for the lifechanging assistance we receive from our volunteers, businesses, civic groups, faith communities, and countless others.
Students We Serve
OREGON AT-A-GLANCE SCHOOL PROFILE
West Salem High School
PRINCIPAL: Carlos Ruiz | GRADES: 9-12 | 1776 Titan Way, Salem 97304 | 503-399-5533
REGULAR ATTENDERS
Students
2023-24
Students
ninth graders in 2019-20 graduating in 2022-23
FIVE-YEAR COMPLETION
Students earning a high school diploma or GED within five years. Cohort Includes students who were firsttime ninth graders in 2018-19 finishing in 2022-23
change from previous year
COLLEGE GOING
Students enrolling in a two or four year college within 12 months of completing high school in 202122. Data from the National Student Clearinghouse.
Our commitment to equity fuels our efforts to create an inclusive environment where every student feels safe and valued. We promote diversity through cultural competency training and an inclusive curriculum. Quality instruction is vital and includes personalized learning, and regular assessment. Community involvement is key—we engage parents, seek input, and form partnerships to support student success. Together, we aim to graduate students who are ready for college and careers, dedicated to helping them achieve their dreams.
State Goals
The Oregon Department of Education is collaborating with school districts and communities across the state to achieve a 90% ontime graduation rate by 2027. Grounded in the pillars of Academic Excellence, Belonging and Wellness, and Reimagined Accountability, ODE prioritizes evidence-based practices to boost early literacy, attendance, and student engagement. We are committed to closing opportunity and achievement gaps for marginalized students and securing long-term success for all of Oregon’s learners by investing in culturally responsive practices, fostering inclusive environments and always driving for continuous improvement.
Safe & Welcoming Environment
We prioritize the physical, social, and emotional safety of every student, regardless of demographics or identities. We are committed to creating environments that ensure strong safety and respect for all students, families, staff, and community members. Embracing diversity and inclusivity, we honor everyone regardless of background, race, color, religion, sex, sexual orientation, gender identity, or any other status. By fostering a welcoming atmosphere, we support academic success and adapt to meet evolving needs.
Spring: Track and Field, Baseball, Softball, Tennis, Golf
Club Sports:
Lacrosse, Water Polo, Dance, Boys
Volleyball and Girls Flag Football
PARENT & COMMUNITY ENGAGEMENT
We prioritize culturally responsive relationships, ensuring communication in various formats with linguistic support for all families. We actively engage parents and families through diverse events, fostering involvement. Parent clubs offer volunteer opportunities, while our ASPIRE program enables parents to mentor students in college applications, financial aid, and scholarships. Our inclusive communication extends to classrooms, where parent involvement is encouraged, and staff collaborates closely with families to address student needs and make major decisions together, valuing family input.
154,637 $38,881 34.5 49.9% 50.1%
Salem-Keizer
HOUSING
56.24% of homes owner occupied
43.76% of homes rented
POPULATION DENSITY
4,485 inhabitants per sq. mile
8,283 housing units at an average density of 1,542.5 per sq. mile
HISTORY
AGE DEMOGRAPHIC
25.2% under age 18
10.8% between ages 18 to 24
27.6% between ages 25 to 44
24.5% between ages 45 to 64
12% above age 65
CITY QUICK FACTS
49.23 square miles
154 feet elevation
Incorporated in 1857
Highest Average Temperature 83º
Lowest Average Temperature 34º
MARION COUNTY BASE MAP
2290 MORROW CT NW SALEM OR 97304
- Services
Arts and Culture
Credit Unions
2290 MORROW CT NW SALEM OR 97304 503431
Credit Unions
Coffee Shops
Eating Places
Food Markets
2290 MORROW CT NW SALEM OR 97304 503431
Health Clubs and Spas
2290
Places of Religion
CHANGE OF ADDRESS
USPS
Below is the website if you would like to change your address online or you can visit your local post office, they will provide you with the change of address packet. https://moversguide.usps.com
Benefits you will receive when you change your address online are:
Exclusive mover savings coupons
Safe and secure with identity verification by a simple $1.00 charge to your credit or debit card
Email confirmation at the end of registration of your change of address
* Must have valid email address and credit card to register online.
AUTO REGISTRATION AND DRIVER LICENSING
Below is the website if you would like to change your address online or you can visit your local DMV office.
Oregon Department of Transportation DMV Services 1905 Lana Avenue NE Salem, OR 97314-0100
www.oregondmv.com/oregon/index.htm
General DMV Information Contact: 503-299-9999
VOTERS REGISTRTION
TO REGISTER TO VOTE, YOU MUST BE:
A citizen of the USA
A resident of Oregon
A Legal Resident of Oregon State at least 18 years of age on or before the next election.
HOW TO REGISTER
To register to vote online you will need an Oregon driver's license, permit or ID card number issued by the Oregon Driver and Motor Vehicle Services Division (DMV).
If you do not have an Oregon driver's license, permit or ID card, you can still use the online voter registration application. The information you enter will display on a voter registration card (PDF document) that you will need to print, sign and deliver to your county elections office to complete your registration.
REGISTRATION DEADLINE
A new registrant must submit their online registration by 11:59:59 p.m. Pacific Time on the 21st calendar day before an election to be eligible to vote in that election.
CHANGE OF ADDRESS
If you move to a new county, you must complete a new voter registration, otherwise you must request a transfer of your registration.
Clackamas County Voter Registration: 503-655-8510
Multnomah County Voter Registration: 503-988-3720
Washington County Voter Registration: 503-846-5800
www.oregonmetro.gov 6161 NW 61st Ave. Portland, OR
Metro South (503) 234-3000 www.oregonmetro.gov 2001 Washington St. Oregon City, OR
Clackamas County (503) 668-8885 www.wmnorthwest.com 19600 SE Canyon Valley Rd. Sandy, OR
VOTER REGISTRATION
Clackamas (503) 655-8510
Multnomah (503) 248-3720
Washington (503) 846-5800
WATER BUREAU
Beaverton (503) 526-2257
Clackamas (503) 722-9220
Gladstone (503) 656-5223
Gresham (503) 618-2373
Hillsboro (503) 681-6228
Lake Oswego (503) 635-0265
Milwaukie (503) 786-7525
Oregon City (503) 657-8151
Portland (503) 823-7770
Tigard (503) 639-1554
Tualatin (503) 692-2000
West Linn (503) 656-4261
Wilsonville (503) 682-1011
CYBER SECURITY
the information without the knowledge of the sender or recipient, resulting in the funds being sent to an outside account and never credited to the intended party.
To protect and reduce your risk, WFG has implemented the following procedures for outgoing and incoming wires:
Outgoing Wire from WFG to seller or borrower for proceeds
In the escrow paperwork provided you will be asked to provide written instructions on how you want funds due you sent to you at the close of escrow. If you choose to have the funds sent via wire transfer, WFG will contact you by phone to confirm the wire information provided.
Incoming Wires from the buyer and/or lender to WFG bank account
For funds that are to be wired to WFG for your transaction, we will send specific wire instructions to the remitting person via an encrypted email. We recommend you reach out to your WFG contact to confirm the wire instructions prior to remittance.
We look forward to processing your escrow transaction for you. We know that this can be a stressful time and we are here to assist you in any way we can to make this a good experience.
claims, or restrictions on the buyer’s property, other than the mortgage the buyer agrees to pay.
If the preliminary title search uncovers potential problems, a buyer can require that those problems be satisfactorily dealt with before closing on the home.
In addition, owner’s title insurance protects buyers against a myriad of risks that not even the most careful title search can uncover, including things such forged documents, undisclosed or missing heirs of a previous owner, fraud, will disputes, and unrecorded claims of many types.
Without owner’s title insurance, the legal costs to resolve such title claims could easily be in the tens of thousands of dollars and would have to be paid out of pocket by the buyer - not to mention the stress that such situations would cause to the buyer.
Owner’s title insurance is one of the most affordable insurance policies a person can ever buy. Unlike other forms of insurance, there is only a one-time fee at closing for the policy, which financially protects the buyer’s investment for as long as the buyer or the buyer’s heirs own the home.
So, if someone tells the buyer that owner’s title insurance is “optional”, that certainly does not mean that the buyer should not get it. Virtually every lender requires lender’s title insurance, but that insurance does not protect the buyer.
In order to safeguard the buyer’s investment in the property, which is possibly the most important investment the buyer will ever make, owner’s title insurance is absolutely critical.
WHAT IS ESCROW?
Both the buyer and seller rely on the escrow agent to carry out their written instructions relating to the transaction and to advise them if any of their instructions are not mutually consistent or cannot be carried out. If the instructions from all parties to an escrow are clearly drafted, the escrow officer can proceed on behalf of the buyer and seller without further consultation. This saves much time and facilitates the closing of the transaction.
TYPICAL ROLES IN THE CLOSING PROCESS
The Seller/Agent
Delivers a fully executed Purchase Sale Agreement to the escrow agent. Executes the paperwork necessary to close the transaction.
The Buyer/Agent
Deposits collected funds required to close (in with the escrow agent.
Approves the commitment for title insurance, or other items as called for by the Purchase Sale Agreement.
Executes the paperwork and loan documents necessary to close the transaction.
The Lender
Deposits loan documents to be executed by the buyer
Deposits the loan proceeds. Directs the escrow agent of the conditions under which the loan funds may be used
The Escrow Agent
Clears Title
Obtains title insurance
Obtains payoffs and release documents for underlying loans on the property Receives funds from the buyer and/or lender. Prepares vesting document affidavit on seller’s behalf.
Prorates insurance, taxes, rents, etc.
Prepares a final statement (often referred to as the “HUD Statement” or ”Settlement Statement”) for each party, indicating amounts paid in conjunction with the closing of your transaction. Forwards deed to the county for recording. Once the proper documents have been recorded, the escrow agent will distribute funds to the proper parties.
In Summary
Escrow is the process that assembles and processes many of the components of a real estate transaction. The sale is officially closed when the new deed is recorded and funds are available to the seller, thus transferring ownership from the seller to the buyer. The escrow agent is a neutral third party acting on behalf of the buyer and seller.
WHAT IS TITLE?
About Title Insurance
Title is a bundle of rights in real property. Protecting purchasers and lenders against loss is accomplished by the issuance of a title insurance policy. Usually, during a purchase transaction, the lender requests a policy (commonly referred to as the Lender’s Policy) while the buyers receive their own policy (commonly referred to as an Owner's Policy).
In short, the policy states that if the status of the title to a parcel of real property is other than as represented, and if the insured (either the owner or lender) suffers a loss as a result of a title defect, the insurer will reimburse the insured for that loss and any related legal expenses, up to the face amount of the policy, subject to exceptions and exclusions contained in the policy.
Typically there are two policies issued. The Mortgagee’s Policy insures the lender for the amount of the loan. The Owner’s Policy insures the purchaser of the purchase price.
How is title insurance different from other types of insurance?
While the function of most other forms of insurance is risk assumption through the pooling of risks for losses arising out of unforeseen future events (such as sickness or accidents), the primary purpose of title insurance is to eliminate risks and prevent losses caused by defects in title arising out of events that have happened in the past. To achieve this goal, title insurers perform an extensive search and examination of the public records to determine whether there are any adverse claims (title defects) attached to the subject property. Said defects/claims are either eliminated prior to the issuance of a title policy
or their existence is excepted from coverage. Your policy is issued after the closing of your new home, for a one-time nominal fee, and is good for as long as you own the property.
What’s involved in a title search? A title search is actually made up of three separate searches:
Chain of Title – History of the ownership of the subject property
Tax Search – The tax search reveals the status of the taxes and assessments
Judgment and Name Search – Searches for judgment and liens against the owners’ and purchasers’ names
Once the three searches have been completed, the file is reviewed by an examiner who determines:
Whether or not the Chain of Title shows that the party selling the property has the right to do so. The status of taxes for the subject property. The Tax Search will also indicate the existence of any special assessments against the land and whether or not these assessments are current or past due.
Whether there are any unsatisfied judgments on the Judgment and Name Search against the previous owners, sellers, or and purchasers.
Rights established by judgment decrees, unpaid federal income taxes and mechanic liens all may be prior claims on the property, ahead of the buyer’s or lender’s rights. The title search will only uncover defects in title that are of public record, thus allowing the title company to work with the seller to clear up these issues and provide the new buyer with title insurance.
In Summary
After the searches have been examined, the title company will issue a commitment, stating the conditions under which it will insure title. The buyer, seller and the mortgage lender will proceed with the closing of the transaction after clearing up any defects in the title that have been uncovered by the search and examination.
.
WHO PAYS WHAT IN OREGON
SELLER PAYS
TYPICAL COSTS
The following costs generally affect all transactions:
Escrow Fee - one-half of the fee, based on title company’s fee schedule
Recording Fees - based on county fee schedule
Title Premium - based on fixed statewide fee schedule
Real Estate Commission - based on agreement with Broker
Tax Prorate - to apportion taxes between parties as of date of closing
General Costs - as listed for each specific transaction, as requested by principals
Release fees for loan payoff(s)
LAND SALE CONTRACT TRANSACTION
Attorney Fee - optional, and is sometimes shared with purchaser
Collection Escrow Setup Fee - optional, and is often shared with purchaser
ASSIGNMENT OF CONTRACT FOR ASSUMPTION OF LOAN TRANSACTION
Any delinquent payments to bring contract or loan current
Prorate share of current month’s interest based on current rate
CONVENTIONAL, FHA, VA LOAN TRANSACTIONS
Any closing cost (not expenses of property or loan interest) negotiated on behalf of the purchaser, subject to lender’s approval
FHA, VA Loans - check with lender for any applicable seller costs
BUYER PAYS
TYPICAL COSTS
The following costs generally affect all transactions:
Escrow Fee - one-half of the fee, based on title company’s fee schedule
Recording Fees - based on county fee schedule
Fire Insurance Premium - mandatory when any lender is involved, including the seller’s lender
Tax Prorate - to apportion taxes between parties as of date of closing
General Costs - as listed for each specific transaction, as requested by the principals
LAND SALE CONTRACT TRANSACTION
Attorney Fee - optional, and is sometimes shared with seller
Collection Escrow Setup Fee - optional, and is sometimes shared with seller
Recording Fee - for contract or memorandum thereof
ASSIGNMENT OF CONTRACT FOR ASSUMPTION OF LOAN TRANSACTION
Assumption or Assignment
Next monthly payment due, if required by lender
Recording Fee - for Assumption/Assignment of Agreement, if required by lender
CONVENTIONAL, FHA, VA LOAN TRANSACTIONS DISCLAIMER:Thisflyerisnotintendedtobeanall-inclusivelistoffeesand
Lenders title insurance policy & endorsements, as required by lender
Loan Fee - as required by lender
Credit Report Fee - as required by lender
Appraisal Fee - as required by lender
Mortgage Insurance Premium - based on fee schedule and endorsements of lender
Prepaid Interest - if required by lender
VA Loans only - funding fee, if required by lender
FHA, VA, and some Conventional Loans - reserves for real property taxes, fire insurance and mortgage insurance
TITLE VESTING Common ways to hold title to real property
DOWNTOWN VANCOUVER 2001 SE Columbia River Dr Ste. 100 Vancouver, WA 98661 360-314-0300
SALMON CREEK
2105 NE 129th St. Ste. 107 Vancouver, WA 98686 360-314-1818
VANCOUVER MALL
4400 NE 77th Ave Ste. 250 Vancouver, WA 98662 360-891-5454
EAST VANCOUVER 2004 SE 192nd Ave. Ste. 100 Vancouver, WA 98683 360-356-9990 1 2 3 5 6 7 8 9 4 10
700 NE Multnomah St. Ste. 190 Portland, OR 97232 503-230-8488
REPORT FOR 7/29/2025
Single-Family Homes
This week the median list price for Salem, OR 97304 is $574,900 with the market action index hovering around 39. This is less than last month's market action index of 41. Inventory has increased to 145.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Real-Time Market Profile
Slight Seller's Advantage
Market Narrative
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
Median List Price
Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
Segments
In the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels.
Price Per Square Foot
The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels. 7-Day
Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
Market Action Index
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Not surprisingly, all segments in this zip code are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the highend) will weaken before the rest of the market and signal a slowdown for the whole group.
Median Days on Market (DOM)
The properties have been on the market for an average of 73 days. Half of the listings have come newly on the market in the past 36 or so days. Watch the 90-day DOM trend for signals of a changing market.
Segments
It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
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