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East Lancaster (ELNA) NOLA (North Lancaster) Northeast Salem Northgate

SALEM, OR 97305

Real Estate Market Report  ·  Marion County
Balanced Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 97305

East Lancaster (ELNA) · NOLA (North Lancaster) · Northeast Salem · Northgate

Market Analysis

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

The SALEM, OR real estate market (97305) currently shows 92 active listings, with 30 pending sales. Homes are averaging 40 days on the market before going under contract.

Inventory has increased compared to last year, with 23 more homes available — giving buyers more choice.

Homes are selling faster, averaging 40 days on market compared to 59 days last year.

The median listing price has fallen 0.2% year-over-year, from $429,900 to $429,200.

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: 44,994  ·  Density: 367.9/mi²  ·  Median household income: $65,299

Typical home value: $307,776  ·  Homeownership: 53.9%

Market Overview

Active Listings
92
⇧ 33.3% vs 69 last year
Pending
30
33% pending ratio
Median Price
$429,200
⇩ 0.2% vs $429,900 last year
Average Price
$486,379
⇧ 1.6% vs $478,937 last year
Days on Market
40
⇩ 32.2% vs 59 days last year

Price Per Square Foot

Median $/sqft
$272
⇧ 0.7% vs $270/sqft last year
Median Home Size
1,580 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 92 this year vs 69 last year
  • Days on market: 40 now vs 59 last year

Median & Average Pricing

Year over Year
  • Median: $429,200 (-0.2% YoY)
  • Average: $486,379 (+1.6% 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 18.2 miles — 803 listings ($498,097,217 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97305Salem, OR 973050.0 mi85$40,217,665$429,925$473,149
97301Salem, OR 973015.9 mi148$63,119,484$399,675$426,483
97317Salem, OR 973177.9 mi61$45,274,444$628,000$742,204
97362Mount Angel, OR 973628.6 mi12$8,989,500$652,500$749,125
97381Silverton, OR 973819.4 mi80$55,019,440$572,175$687,743
97302Salem, OR 9730210.4 mi169$109,601,232$546,950$648,528
97032Hubbard, OR 9703213.3 mi8$4,082,392$497,000$510,299
97114Dayton, OR 9711413.5 mi10$9,072,770$749,450$907,277
97306Salem, OR 9730613.9 mi135$90,125,730$562,000$667,598
97101Amity, OR 9710114.9 mi24$27,144,936$795,667$1,131,039
97375Scotts Mills, OR 9737516.2 mi8$9,929,784$1,164,975$1,241,223
97351Independence, OR 9735117.2 mi31$20,291,360$440,000$654,560
97127Lafayette, OR 9712718.2 mi32$15,228,480$468,450$475,890

Frequently Asked Questions

How many homes are for sale in SALEM, OR 97305?

As of March 2026, there are 92 active listings in SALEM, OR (zip code 97305), compared to 69 the prior year.

What is the median home price in SALEM, OR 97305?

The median listing price in SALEM, OR 97305 is $429,200 as of March 2026, a 0.2% decrease from $429,900 the prior year.

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

Homes in SALEM, OR 97305 spend an average of 40 days on the market before going under contract, compared to 59 days the prior year.

Is it a seller's or buyer's market in SALEM, OR 97305?

Based on current inventory and days-on-market data as of March 2026, SALEM, OR 97305 is currently a Balanced Market. Inventory has increased compared to last year, with 23 more homes available — giving buyers more choice. Homes are selling faster, averaging 40 days on market compared to 59 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 97305 save an estimated $8,584 compared to a typical 5% commission on the median listing price of $429,200. 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.