Population: 41,143 · Density: 637.4/mi² · Median household income: $75,863
Typical home value: $366,080 · Homeownership: 62.7%
Data as of January 2026. Source: Realtor.com.
The SALEM, OR real estate market (97303) currently shows 86 active listings, with 23 pending sales. Homes are averaging 71 days on the market before going under contract.
Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice.
Homes are selling faster, averaging 71 days on market compared to 81 days last year.
The median listing price has fallen 8.2% year-over-year, from $517,500 to $474,900.
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.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 97303 | Salem, OR 97303 | 0.0 mi | 86 | $43,652,912 | $474,900 | $507,592 |
| 97305 | Salem, OR 97305 | 4.8 mi | 78 | $37,204,518 | $434,900 | $476,981 |
| 97026 | Gervais, OR 97026 | 6.5 mi | 8 | $7,057,976 | $814,500 | $882,247 |
| 97302 | Salem, OR 97302 | 9.1 mi | 159 | $100,713,462 | $544,950 | $633,418 |
| 97101 | Amity, OR 97101 | 10.3 mi | 20 | $19,547,440 | $899,250 | $977,372 |
| 97114 | Dayton, OR 97114 | 10.9 mi | 10 | $8,413,630 | $634,500 | $841,363 |
| 97362 | Mount Angel, OR 97362 | 12.7 mi | 10 | $7,252,500 | $549,000 | $725,250 |
| 97306 | Salem, OR 97306 | 13.0 mi | 127 | $80,051,783 | $549,000 | $630,329 |
| 97351 | Independence, OR 97351 | 15.2 mi | 32 | $19,390,464 | $432,500 | $605,952 |
| 97032 | Hubbard, OR 97032 | 15.5 mi | 7 | $3,496,920 | $488,000 | $499,560 |
| 97128 | Mcminnville, OR 97128 | 16.2 mi | 114 | $84,942,996 | $529,000 | $745,114 |
| 97115 | Dundee, OR 97115 | 17.0 mi | 13 | $23,233,795 | $1,320,000 | $1,787,215 |
| 97002 | Aurora, OR 97002 | 18.0 mi | 19 | $29,244,933 | $857,500 | $1,539,207 |
As of January 2026, there are 86 active listings in SALEM, OR (zip code 97303), compared to 73 the prior year.
The median listing price in SALEM, OR 97303 is $474,900 as of January 2026, a 8.2% decrease from $517,500 the prior year.
Homes in SALEM, OR 97303 spend an average of 71 days on the market before going under contract, compared to 81 days the prior year.
Based on current inventory and days-on-market data as of January 2026, SALEM, OR 97303 is currently a Balanced Market. Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice. Homes are selling faster, averaging 71 days on market compared to 81 days last year.
With SELL123.com's maximum 3% commission, sellers in SALEM, OR 97303 save an estimated $9,498 compared to a typical 5% commission on the median listing price of $474,900. 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.