The most expensive neighborhoods in Salem
Homebuyers and sellers are navigating a slow and expensive housing market, with rising prices and stagnant demand keeping many on the sidelines. This comes amid rising economic uncertainty and growing wealth concentration. But luxury homes—multimillion-dollar estates, sleek penthouses, and one-of-a-kind custom builds—are still selling, even as most buyers pull back.
Most people can’t afford high-end homes, although they’re still fun to dream about. So, to highlight where luxury real estate is commanding the highest prices, Redfin analyzed the most expensive neighborhoods in the Salem metro area—and showcased a few of the area’s standout listings (when possible).
Note: Redfin’s analysis focused on metro areas, meaning some neighborhoods fell within smaller nearby cities. Listings and data were gathered on October 15, 2025.
#1. McNary Estates (Keizer, OR)
Median sale price: $565,000 | Median days on market: 43 days…