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SALEM, OR 97301

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

Market Overview

Active Listings
126
⇧ 31.3% vs 96 last year
Pending
48
38% pending ratio
Median Price
$395,000
⇩ 3.5% vs $409,498 last year
Average Price
$423,510
⇧ 2.7% vs $412,301 last year
Days on Market
79
⇧ 25.4% vs 63 days last year

Market Context

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

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

Market Analysis

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

The SALEM, OR real estate market (97301) currently shows 126 active listings, with 48 pending sales. Homes are averaging 79 days on the market before going under contract.

Inventory has increased compared to last year, with 30 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 79 days on market compared to 63 days last year.

The median listing price has fallen 3.5% year-over-year, from $409,498 to $395,000.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 126 this year vs 96 last year
  • Days on market: 79 now vs 63 last year

Median & Average Pricing

Year over Year
  • Median: $395,000 (-3.5% YoY)
  • Average: $423,510 (+2.7% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 19.8 miles — 687 listings ($454,099,128 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97301Salem, OR 973010.0 mi126$53,362,260$395,000$423,510
97302Salem, OR 973024.5 mi159$100,713,462$544,950$633,418
97317Salem, OR 973175.8 mi55$41,622,570$694,000$756,774
97304Salem, OR 973046.5 mi127$91,576,144$578,450$721,072
97371Rickreall, OR 973719.9 mi4$5,000,000$1,475,000$1,250,000
97026Gervais, OR 9702611.1 mi8$7,057,976$814,500$882,247
97392Turner, OR 9739211.4 mi27$38,897,415$994,950$1,440,645
97352Jefferson, OR 9735213.8 mi17$11,645,731$599,450$685,043
97101Amity, OR 9710114.3 mi20$19,547,440$899,250$977,372
97071Woodburn, OR 9707115.6 mi125$62,400,500$439,900$499,204
97114Dayton, OR 9711416.5 mi10$8,413,630$634,500$841,363
97137Saint Paul, OR 9713718.1 mi5$8,538,000$1,000,000$1,707,600
97375Scotts Mills, OR 9737519.8 mi4$5,324,000$1,300,000$1,331,000

Frequently Asked Questions

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

As of January 2026, there are 126 active listings in SALEM, OR (zip code 97301), compared to 96 the prior year.

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

The median listing price in SALEM, OR 97301 is $395,000 as of January 2026, a 3.5% decrease from $409,498 the prior year.

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

Homes in SALEM, OR 97301 spend an average of 79 days on the market before going under contract, compared to 63 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 January 2026, SALEM, OR 97301 is currently a Buyer's Market. Inventory has increased compared to last year, with 30 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 79 days on market compared to 63 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 $7,900 compared to a typical 5% commission on the median listing price of $395,000. 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.