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Liberty

SALEM, OR 97302

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

Market Overview

Active Listings
159
⇧ 40.7% vs 113 last year
Pending
46
29% pending ratio
Median Price
$544,950
⇧ 1% vs $539,750 last year
Average Price
$633,418
⇧ 7.1% vs $591,408 last year
Days on Market
86
⇧ 1.2% vs 85 days last year

Market Context

Population: 41,382  ·  Density: 681.3/mi²  ·  Median household income: $80,439

Typical home value: $384,282  ·  Homeownership: 62.1%

Market Analysis

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

The SALEM, OR real estate market (97302) currently shows 159 active listings, with 46 pending sales. Homes are averaging 86 days on the market before going under contract.

Inventory has increased compared to last year, with 46 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 86 days on market compared to 85 days last year.

The median listing price has risen 1% year-over-year, from $539,750 to $544,950.

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: 159 this year vs 113 last year
  • Days on market: 86 now vs 85 last year

Median & Average Pricing

Year over Year
  • Median: $544,950 (+1% YoY)
  • Average: $633,418 (+7.1% 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 19.7 miles — 749 listings ($440,012,271 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97302Salem, OR 973020.0 mi159$100,713,462$544,950$633,418
97301Salem, OR 973014.5 mi126$53,362,260$395,000$423,510
97351Independence, OR 973516.8 mi32$19,390,464$432,500$605,952
97317Salem, OR 973177.9 mi55$41,622,570$694,000$756,774
97303Salem, OR 973039.1 mi86$43,652,912$474,900$507,592
97305Salem, OR 9730510.4 mi78$37,204,518$434,900$476,981
97325Aumsville, OR 9732511.6 mi14$8,927,254$615,000$637,661
97101Amity, OR 9710115.0 mi20$19,547,440$899,250$977,372
97361Monmouth, OR 9736115.7 mi30$25,437,450$663,800$847,915
97385Sublimity, OR 9738516.7 mi14$11,320,260$749,000$808,590
97383Stayton, OR 9738318.5 mi44$26,697,044$595,000$606,751
97322Albany, OR 9732219.3 mi87$50,670,105$424,450$582,415
97344Falls City, OR 9734419.7 mi4$1,466,532$357,500$366,633

Frequently Asked Questions

How many homes are for sale in SALEM, OR 97302?

As of January 2026, there are 159 active listings in SALEM, OR (zip code 97302), compared to 113 the prior year.

What is the median home price in SALEM, OR 97302?

The median listing price in SALEM, OR 97302 is $544,950 as of January 2026, a 1% increase from $539,750 the prior year.

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

Homes in SALEM, OR 97302 spend an average of 86 days on the market before going under contract, compared to 85 days the prior year.

Is it a seller's or buyer's market in SALEM, OR 97302?

Based on current inventory and days-on-market data as of January 2026, SALEM, OR 97302 is currently a Buyer's Market. Inventory has increased compared to last year, with 46 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 86 days on market compared to 85 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 97302 save an estimated $10,899 compared to a typical 5% commission on the median listing price of $544,950. 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.