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Central Area East Lancaster (ELNA) Grant Northeast Neighbors (NEN) Northeast Salem Southeast Mill Creek (SEMC) Southeast Salem

SALEM, OR 97301

Real Estate Market Report  ·  Marion County
Buyer's Market
June 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 97301

Central Area · East Lancaster (ELNA) · Grant · Northeast Neighbors (NEN) · Northeast Salem · Southeast Mill Creek (SEMC) · Southeast Salem

Market Analysis

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

The SALEM, OR real estate market (97301) currently shows 174 active listings, with 67 pending sales. Homes are averaging 56 days on the market before going under contract.

Inventory has increased compared to last year, with 33 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 56 days on market compared to 38 days last year.

The median listing price has risen 3.5% year-over-year, from $389,000 to $402,425.

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: 55,386  ·  Density: 1,891.6/mi²  ·  Median household income: $53,113

Typical home value: $273,572  ·  Homeownership: 42.4%

Market Overview

Active Listings
174
⇧ 23.4% vs 141 last year
Pending
67
39% pending ratio
Median Price
$402,425
⇧ 3.5% vs $389,000 last year
Average Price
$441,839
⇧ 11.4% vs $396,801 last year
Days on Market
56
⇧ 47.4% vs 38 days last year

Price Per Square Foot

Median $/sqft
$268
⇩ 3.6% vs $278/sqft last year
Median Home Size
1,532 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 174 this year vs 141 last year
  • Days on market: 56 now vs 38 last year

Median & Average Pricing

Year over Year
  • Median: $402,425 (+3.5% YoY)
  • Average: $441,839 (+11.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 19.8 miles — 752 listings ($527,155,777 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97301Salem, OR 973010.0 mi148$63,119,484$399,675$426,483
97302Salem, OR 973024.5 mi169$109,601,232$546,950$648,528
97317Salem, OR 973175.8 mi61$45,274,444$628,000$742,204
97304Salem, OR 973046.5 mi135$94,613,265$579,325$700,839
97371Rickreall, OR 973719.9 mi4$5,000,000$1,475,000$1,250,000
97026Gervais, OR 9702611.1 mi9$6,829,488$648,500$758,832
97392Turner, OR 9739211.4 mi29$41,495,201$1,022,500$1,430,869
97352Jefferson, OR 9735213.8 mi18$38,512,818$635,000$2,139,601
97101Amity, OR 9710114.3 mi24$27,144,936$795,667$1,131,039
97071Woodburn, OR 9707115.6 mi134$72,327,036$429,900$539,754
97114Dayton, OR 9711416.5 mi10$9,072,770$749,450$907,277
97137Saint Paul, OR 9713718.1 mi3$4,235,319$1,000,000$1,411,773
97375Scotts Mills, OR 9737519.8 mi8$9,929,784$1,164,975$1,241,223

Frequently Asked Questions

How many homes are for sale in SALEM, OR 97301?

As of June 2026, there are 174 active listings in SALEM, OR (zip code 97301), compared to 141 the prior year.

What is the median home price in SALEM, OR 97301?

The median listing price in SALEM, OR 97301 is $402,425 as of June 2026, a 3.5% increase from $389,000 the prior year.

How long do homes stay on the market in SALEM, OR?

Homes in SALEM, OR 97301 spend an average of 56 days on the market before going under contract, compared to 38 days the prior year.

Is it a seller's or buyer's market in SALEM, OR 97301?

Based on current inventory and days-on-market data as of June 2026, SALEM, OR 97301 is currently a Buyer's Market. Inventory has increased compared to last year, with 33 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 56 days on market compared to 38 days last year.

How much can I save on real estate commission in SALEM, OR?

With SELL123.com's maximum 3% commission, sellers in SALEM, OR 97301 save an estimated $8,049 compared to a typical 5% commission on the median listing price of $402,425. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.