1196 Commercial St NE, Salem, OR 97301
OFF MARKET

$573,100

Trulia Estimate
  • Studio

1196 Commercial St NE, Salem, OR 97301

Central Area
Est. Refi. Payment $3,342/mo*
Refinance Your Home

Home Value

Trulia Estimate
$573K
Since last month
Increased$6K (+1.1%)
Since last year
Decreased$7K (-1.3%)
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 decreased by -1% in the last 10 years
MonthEstimated value
2026
August 2026$574K
August 2026$573K
July 2026$568K
June 2026$569K
May 2026$570K
April 2026$571K
March 2026$573K
February 2026$572K
2025

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
1552 Liberty St NE, Salem, OR
0.24
Single-Family Home
$295,000
09/04/25
2
1
664
345 Norway St NE, Salem, OR
0.28
Single-Family Home
$1,295,000
02/23/26
4
2.5
1,950
1480 5th St NE, Salem, OR
0.32
Single-Family Home
$400,000
03/24/26
2
2
1,584
530 Jefferson St NE, Salem, OR
0.37
Single-Family Home
$310,000
12/11/25
2
1
1,329
1810 Liberty St NE, Salem, OR
0.38
Single-Family Home
$290,000
02/24/26
2
1
664
545 Jefferson St NE, Salem, OR
0.40
Single-Family Home
$349,900
11/07/25
2
2
1,684
1825 4th St NE, Salem, OR
0.41
Single-Family Home
$380,000
09/15/25
3
1
2,173
1191 Winter St NE, Salem, OR
0.42
Single-Family Home
$300,000
06/22/26
2
1
1,060
1695 Church St NE, Salem, OR
0.43
Single-Family Home
$371,000
08/20/26
4
2
1,357
1065 Winter St NE, Salem, OR
0.43
Single-Family Home
$50,000
06/11/26
2
1
1,024

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
384 Market St NE, Salem, OR 97301
0.10
$390,000
3
2.5
1,820
For Sale
413 Belmont St NE, Salem, OR 97301
0.14
$412,400
3
2
1,856
Off Market
415 Market ST, Salem, OR 97301
0.14
$519,100
9
3
3,336
Off Market
1280 4th St NE, Salem, OR 97301
0.15
$379,900
5
1.5
1,974
For Sale
1266 4th St NE, Salem, OR 97301
0.15
$352,000
2
2
1,326
Off Market
1355 4th St NE, Salem, OR 97301
0.15
$600,000
12
6
4,692
Recently Sold
365 Hood St NE, Salem, OR 97301
0.16
$274,900
1
1
438
For Sale
356 Shipping St NE, Salem, OR 97301
0.19
$684,900
8
4
3,128
Off Market
1495 4th St NE, Salem, OR 97301
0.21
$371,700
2
1
936
Off Market
1552 Liberty St NE, Salem, OR 97301
0.24
$303,000
2
1
664
Off Market
1125 5th St NE, Salem, OR 97301
0.25
$398,300
4
1
1,756
Off Market
1596 4th St NE, Salem, OR 97301
0.28
-
13
7
5,698
Off Market

Local Information

  • Map ViewExplore the area around 1196 Commercial St NE.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

1196 Commercial St NE is in the Central Area neighborhood in Salem, OR and in ZIP code 97301.
1196 Commercial St NE, Salem, OR 97301 is a studio property in Central Area. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $573,100, with a rent estimate of $1,697/month.

Market trends in Salem

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$436K
$8KMoM
Sale-to-List Price
100.0%
Price per sq ft
$276
$2MoM
Available listings
887
49MoM

Around this home

Neighborhood Overview

Central Area
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Central Area

At least 9 Trulia users voted on each feature.

  • 80 % Say there's holiday spirit

  • 78 % Say there are sidewalks

  • 75 % Say it's walkable to restaurants

  • 71 % Say car is needed

  • 69 % Say streets are well-lit

  • 68 % Say it's dog friendly

  • 63 % Say kids play outside

  • 56 % Say parking is easy

  • 55 % Say yards are well-kept

  • 48 % Say neighbors are friendly

  • 41 % Say people would walk alone at night

  • 40 % Say they plan to stay for at least 5 years

  • 38 % Say it's quiet

  • 33 % Say it's walkable to grocery stores

  • 29 % Say there are community events

  • 21 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Tilly R
    "Some valentines events but there’s usually not many it seems people just keep to themselves here because they are older and don’t want to interact with anybody"
    0
    Flag
  • Nickerdoodlebug
    "It’s close to downtown and state offices. A lot of people loitering by bridge and grassy areas. Neighbors have had packages stolen and cars vandalized. "
    11
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 1196 Commercial St NE

  • What is 1196 Commercial St NE estimated to be worth?
    Trulia's estimated value for 1196 Commercial St NE in Salem, OR is $573,100.
  • 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 $436K. That is up $8K from the prior month.
  • What do residents say about the Central Area neighborhood?
    Residents describe the Central Area neighborhood in Salem, OR as pedestrian-friendly, walkable to restaurants, and dog-friendly. See recently sold homes in Central Area, Salem.

Explore by feature - Pet Friendly

271 pet-friendly rentals in Salem, OR

Explore by feature - Garage

135 rentals with a garage in Salem, OR

Explore by feature - Air Conditioning

159 rentals with air conditioning in Salem, OR

Explore by feature - Pool

62 rentals with a pool in Salem, OR

Explore by feature - Washer/dryer

271 rentals with a washer/dryer in Salem, OR

Explore by feature - Outdoor Space

66 rentals with an outdoor space in Salem, OR

Apartments for Rent

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Off Market Homes Near 1196 Commercial St NE

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