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Grant Highland Lansing Northeast Neighbors (NEN) Northgate

SALEM, OR 97303

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 97303

Grant · Highland · Lansing · Northeast Neighbors (NEN) · Northgate

Market Analysis

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

The SALEM, OR real estate market (97303) currently shows 106 active listings, with 40 pending sales. Homes are averaging 44 days on the market before going under contract.

Inventory has increased compared to last year, with 19 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 44 days on market compared to 29 days last year.

The median listing price has fallen 12.1% year-over-year, from $549,950 to $483,475.

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: 41,143  ·  Density: 637.4/mi²  ·  Median household income: $75,863

Typical home value: $366,080  ·  Homeownership: 62.7%

Market Overview

Active Listings
106
⇧ 21.8% vs 87 last year
Pending
40
38% pending ratio
Median Price
$483,475
⇩ 12.1% vs $549,950 last year
Average Price
$528,043
⇩ 12.7% vs $605,025 last year
Days on Market
44
⇧ 51.7% vs 29 days last year

Price Per Square Foot

Median $/sqft
$285
⇩ 2.7% vs $293/sqft last year
Median Home Size
1,719 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 106 this year vs 87 last year
  • Days on market: 44 now vs 29 last year

Median & Average Pricing

Year over Year
  • Median: $483,475 (-12.1% YoY)
  • Average: $528,043 (-12.7% 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
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 18.0 miles — 736 listings ($511,374,560 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97303Salem, OR 973030.0 mi104$51,675,832$466,100$496,883
97305Salem, OR 973054.8 mi85$40,217,665$429,925$473,149
97026Gervais, OR 970266.5 mi9$6,829,488$648,500$758,832
97302Salem, OR 973029.1 mi169$109,601,232$546,950$648,528
97101Amity, OR 9710110.3 mi24$27,144,936$795,667$1,131,039
97114Dayton, OR 9711410.9 mi10$9,072,770$749,450$907,277
97362Mount Angel, OR 9736212.7 mi12$8,989,500$652,500$749,125
97306Salem, OR 9730613.0 mi135$90,125,730$562,000$667,598
97351Independence, OR 9735115.2 mi31$20,291,360$440,000$654,560
97032Hubbard, OR 9703215.5 mi8$4,082,392$497,000$510,299
97128Mcminnville, OR 9712816.2 mi116$85,617,628$536,000$738,083
97115Dundee, OR 9711517.0 mi15$27,442,485$1,443,250$1,829,499
97002Aurora, OR 9700218.0 mi18$30,283,542$950,000$1,682,419

Frequently Asked Questions

How many homes are for sale in SALEM, OR 97303?

As of March 2026, there are 106 active listings in SALEM, OR (zip code 97303), compared to 87 the prior year.

What is the median home price in SALEM, OR 97303?

The median listing price in SALEM, OR 97303 is $483,475 as of March 2026, a 12.1% decrease from $549,950 the prior year.

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

Homes in SALEM, OR 97303 spend an average of 44 days on the market before going under contract, compared to 29 days the prior year.

Is it a seller's or buyer's market in SALEM, OR 97303?

Based on current inventory and days-on-market data as of March 2026, SALEM, OR 97303 is currently a Buyer's Market. Inventory has increased compared to last year, with 19 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 44 days on market compared to 29 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 97303 save an estimated $9,670 compared to a typical 5% commission on the median listing price of $483,475. 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.