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City / Town Overview

Salem, OR

Aggregate real estate market report across all ZIPs in scope
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The Salem, OR real estate market currently shows 888 active listings, with 296 pending sales. Homes are averaging 51.1 days on the market before going under contract.

Inventory has increased compared to last year, with 212 more homes available — giving buyers more choice.

Homes are selling faster, averaging 51.1 days on market compared to 52.4 days last year.

The median listing price has fallen 5.4% year-over-year, from $548,047 to $518,672.

Whether you are buying or selling in Salem, OR, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 278,982  ·  Density: 736.7/mi²  ·  Median household income: $72,341

Typical home value: $349,908  ·  Homeownership: 58.5%

Included Areas

Salem: 97301, 97302, 97303, 97304, 97305, 97306, 97308, 97309, 97310, 97314, 97317

Grant: 97311

Sunnyslope: 97312

Area Map

Market Overview

Active Listings
888
⇧ 31.4% vs 676 last year
Pending
296
33% pending ratio
Median Price
$518,672
⇩ 5.4% vs $548,047 last year
Average Price
$599,697
⇩ 0.8% vs $604,554 last year
Days on Market
51.1
⇩ 2.5% vs 52 days last year

Price Per Square Foot

Median $/sqft
$275
⇩ 1.5% vs $279/sqft last year
Median Home Size
1,916 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %