5240 Norma Ave SE, Salem, OR 97306
Property image
Property image
OFF MARKET

$576,900

Trulia Estimate
  • 4 Beds
  • 2.5 Baths
  • 2,578 sqft

5240 Norma Ave SE, Salem, OR 97306

South Gateway
Est. Refi. Payment $3,460/mo*
Refinance Your Home
Currently Off Market - Sold Nov 16, 2016 for $326,500

Home Value

Trulia Estimate
$577K
Since last month
Increased$3K (+0.6%)
Since last year
Increased$4K (+0.7%)
Since last sale
Increased$251K (+76.8%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +75% in the last 10 years
MonthEstimated value
2026
August 2026$577K
August 2026$577K
July 2026$574K
June 2026$580K
May 2026$580K
April 2026$578K
March 2026$575K
February 2026$582K
January 2026$573K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
5265 9th Ct SE, Salem, OR
0.07
Single-Family Home
$479,000
03/27/26
4
2.5
1,706
765 Jackwood St SE, Salem, OR
0.21
Single-Family Home
$630,000
10/14/25
4
2.5
2,586
5440 Norma Ave SE, Salem, OR
0.15
Single-Family Home
$470,000
03/13/26
3
2
1,672
5424 Compton Ln SE, Salem, OR
0.15
Single-Family Home
$350,000
05/15/26
3
2
1,288
5249 Baxter Ct SE, Salem, OR
0.29
Single-Family Home
$470,000
04/17/26
4
4
2,412
859 Glendora Ave SE, Salem, OR
0.12
Single-Family Home
$673,000
09/29/25
4
2.5
2,400
1041 Fabry Rd SE, Salem, OR
0.26
Single-Family Home
$427,900
08/31/26
3
2.5
1,605
5289 Baxter Ct SE, Salem, OR
0.30
Single-Family Home
$460,000
03/20/26
4
4
2,256
870 Ironwood Dr SE, Salem, OR
0.31
Single-Family Home
$470,000
03/02/26
4
2
1,920
5630 Buttonwood Ct SE, Salem, OR
0.36
Single-Family Home
$385,000
08/21/26
4
2
1,448

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
5265 9th Ct SE, Salem, OR 97306
0.07
$479,000
4
2.5
1,706
Recently Sold
5215 Norma Ave SE, Salem, OR 97306
0.05
$446,000
3
2
1,500
Off Market
5252 9th Ct SE, Salem, OR 97306
0.09
$519,900
4
2.5
2,028
For Sale
875 Carmelcrest Ct SE, Salem, OR 97306
0.05
$658,300
5
3
2,521
Off Market
5201 9th Ct SE, Salem, OR 97306
0.10
$385,000
3
2
1,140
For Sale
5345 Norma Ave SE, Salem, OR 97306
0.07
$589,700
4
2
1,909
Off Market
5380 9th Ct SE, Salem, OR 97306
0.10
$474,300
3
2
1,527
Off Market
5291 10th St SE, Salem, OR 97306
0.11
$354,000
3
1
1,182
Recently Sold
923 Rodan Ave SE, Salem, OR 97306
0.10
$420,300
3
2
1,265
Off Market
5231 10th St SE, Salem, OR 97306
0.12
$363,000
3
2
1,296
Off Market
920 Baxter Rd SE, Salem, OR 97306
0.12
$200,000
2
1
1,054
Recently Sold
995 Baxter Rd SE, Salem, OR 97306
0.14
$350,000
3
1
1,056
Recently Sold

Local Information

  • Map ViewExplore the area around 5240 Norma Ave SE.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 2006
2,578 sqft
$224/sqft
Garage

About this House

Accepted Offer with Contingencies. Gorgeous throughout. This very clean and taken care of home features Open floor plan, Large kitchen with an island, Wood Floors, granite countertops, pantry, Nice views off the deck, living room and dining area. Master suite speaks for itself. Separate office, 4 spacious bedrooms - ton of storage throughout.
5240 Norma Ave SE, Salem, OR 97306 is a 4 bedroom, 3 bathroom, 2,578 sqft single-family home in South Gateway, built in 2006. It last sold for $326,500 on Nov 16, 2016. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $576,900, with a rent estimate of $3,078/month.

Home Details for 5240 Norma Ave SE

Interior Features

Heating & Cooling
Heating: Forced Air, GasAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 2Floors: Carpet, Hardwood
Interior Details
Types of Rooms: Dining Room, Office
Appliances & Utilities
DishwasherDisposalMicrowave
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: CompositionDeckExterior: Other
Parking & Garage
GarageParking Spaces: 2Parking: Garage Attached

Property Information

Year Built
Year Built: 2006
Property Type / Style
Property Type: Single Family HomeArchitecture: Other

Lot Information

Lot Area: 6098 sqft

Price and Tax history

DateEventPrice
Nov 16, 2016
Source: RMLS (OR) #16114471
Sold
$326,500
Aug 12, 2016
Source: Agent Provided
PriceChange
$329,900
Price decreased by 1%
Jun 7, 2016
Source: Agent Provided
PriceChange
$334,900
Price decreased by 3%
May 11, 2016
Source: Agent Provided
PriceChange
$344,900
Price decreased by 1%
Apr 26, 2016
Source: Agent Provided
Listed For Sale
$349,900

Market trends in South Gateway

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$473K
$7.52KMoM
Sale-to-List Price
99.9%
Price per sq ft
$271
$6MoM
Available listings
126
18MoM

Around this home

Neighborhood Overview

South Gateway
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about South Gateway

At least 129 Trulia users voted on each feature.

  • 94 % Say there are sidewalks

  • 91 % Say it's dog friendly

  • 83 % Say there's holiday spirit

  • 82 % Say car is needed

  • 78 % Say kids play outside

  • 77 % Say yards are well-kept

  • 74 % Say parking is easy

  • 68 % Say people would walk alone at night

  • 65 % Say it's walkable to grocery stores

  • 62 % Say it's quiet

  • 60 % Say they plan to stay for at least 5 years

  • 59 % Say streets are well-lit

  • 52 % Say neighbors are friendly

  • 43 % Say there's wildlife

  • 41 % Say it's walkable to restaurants

  • 24 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Matthewdavisdpt
    "There are a lot of dog parks and tons of people that have dogs and tons of dog grooming services and there is lots of vet services"
    0
    Flag
  • Matthewdavisdpt
    "We have fun school events basketball, football, soccer, baseball, graduation, plays, comic shows, plays and lots of churches with active charity"
    0
    Flag
  • Matthewdavisdpt
    "You see people walking their dogs all the time, dogs are always welcome here, just clean up your dog pooo"
    0
    Flag
  • Melissa Medina
    "I have lived in this same neighborhood since I was 6. I have gone to the same schools around here as my kids. Great memories!"
    1
    Flag
  • Mtp8cp42jn
    "Great place to raise children. Well manicured gardens and lawns. Dog friendly. Very cute. Very nice, newer houses"
    0
    Flag
  • Haley Kjemperud
    "Dog park for the hoa members. Paved areas, lots of paths... That’s all I have to say about it but it’s "
    0
    Flag
  • Mike Bernard
    "Just at the edge of city limits so we get deer and other wildlife in the neighborhood. It is a well established neighborhood with good neighbors. "
    1
    Flag
  • Trulia User
    "Great neighborhood, walk to store restaurants. Park across the street. School close by. Friendly neighborhood. Newer homes, good highways. "
    1
    Flag
  • Trulia User
    "Low crime rate area, safe for kids to play outside. People are friendly and family oriented. Pick up after their pets and have them leashed when necessary "
    1
    Flag
  • Essae
    "South Salem Pet store and Petco are nearby., Trader Joe’s has snacks, too. Most parks are friendly with leashed pets."
    2
    Flag
  • Hockeybum
    "Great neighborhood to live in and I have owned two homes here and would highly recommend it to others."
    2
    Flag
  • Smpaigemurphy
    "No dog park nearby or open area to let your dog go run. Unless the rare chance no ones at an elementary school"
    0
    Flag
  • Marty S.
    "Nice place for walking. Bike lanes. School park nearby. Restaurants and grocery in close proximity. Mature trees."
    1
    Flag
  • Ashley R.
    "Fairly well-lit and everyone uses leashes... friendly and sweet dogs, neighbors always friendly 😊 lots of RED DIRT, 😩"
    0
    Flag
  • Sandeebmw
    "Quiet, clean, well kept neighborhood with neighbors that watch out for each other. Sidewalks are well kept but there are often cars parked on both sides of the streets making it a little difficult during busy times. "
    2
    Flag
  • Essae
    "It’s important to know that cars speed along Madras and the parking is lined along the street so often you can’t see the kids running around."
    2
    Flag
  • Essae
    "Lots of dogs on leash-responsible pet owners as well. Would be nice to have a park nearby that had a fenced in area"
    2
    Flag
  • Heather_delarosa
    "We do neighborhood block parties and all send holiday cards or cookies to each other, we also enjoy trick or treating with each other. "
    0
    Flag
  • Marcy M.
    "15 minutes to downtown with access to bus lines close by Traffic isn’t as heavy as other areas of town"
    1
    Flag
  • Greg m.
    "26 yr. resident. Good neighborhood. Convenient shopping. Easy commute. Lots to do in the area. Access to I-5. Close to beach and mountains."
    20
    Flag
  • Valentia k.
    "Drug free environment and friendly neighbors. Also the neighborhood has to be kids friendly and clean."
    11
    Flag
  • Janellnfranz
    "we have been here over 10 years and enjoy the feeling of our surrounding neighborhood. Several of our nearby households plan a get together twice a year as well."
    9
    Flag
  • Tim B.
    "Cul de sac, Close to shopping. "
    3
    Flag
  • Brad W.
    "Top of the hill with a wonderful view - on a wide, quiet street that dead ends. Salem locations in this price range are very difficult to find. We would never consider selling - but - its time to move near our son. "
    3
    Flag
  • Donna_l
    "Quiet and Safe neighborhood, easy access to I-5, shopping, gym, bus system, senior center and downtown. A great place to live"
    4
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 5240 Norma Ave SE

  • What is 5240 Norma Ave SE estimated to be worth?
    Trulia's estimated value for 5240 Norma Ave SE in Salem, OR is $576,900.
  • What is the price history for 5240 Norma Ave SE?
    5240 Norma Ave SE in Salem, OR last sold for $326,500 in November 2016.
  • Is Salem a buyer's or seller's market?
    Salem is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Salem?
    The median sale price in Salem is $473K. That is down $7.52K from the prior month.
  • Does 5240 Norma Ave SE have air conditioning?
    Yes, 5240 Norma Ave SE in Salem, OR has air conditioning.
  • How big is the lot at 5240 Norma Ave SE?
    The lot at 5240 Norma Ave SE in Salem, OR is about 0.15 acres (6,534 sq ft).

Explore by feature - Pet Friendly

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