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SALEM, OR 97305

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

Market Overview

Active Listings
78
⇧ 9.9% vs 71 last year
Pending
24
31% pending ratio
Median Price
$434,900
⇧ 4.8% vs $415,000 last year
Average Price
$476,981
⇧ 5.3% vs $453,052 last year
Days on Market
82
⇩ 3.5% vs 85 days last year

Market Context

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

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

Market Analysis

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

The SALEM, OR real estate market (97305) currently shows 78 active listings, with 24 pending sales. Homes are averaging 82 days on the market before going under contract.

Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.

Homes are selling faster, averaging 82 days on market compared to 85 days last year.

The median listing price has risen 4.8% year-over-year, from $415,000 to $434,900.

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.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 78 this year vs 71 last year
  • Days on market: 82 now vs 85 last year

Median & Average Pricing

Year over Year
  • Median: $434,900 (+4.8% YoY)
  • Average: $476,981 (+5.3% 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 18.2 miles — 741 listings ($446,400,378 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97305Salem, OR 973050.0 mi78$37,204,518$434,900$476,981
97301Salem, OR 973015.9 mi126$53,362,260$395,000$423,510
97317Salem, OR 973177.9 mi55$41,622,570$694,000$756,774
97362Mount Angel, OR 973628.6 mi10$7,252,500$549,000$725,250
97381Silverton, OR 973819.4 mi80$54,094,800$595,000$676,185
97302Salem, OR 9730210.4 mi159$100,713,462$544,950$633,418
97032Hubbard, OR 9703213.3 mi7$3,496,920$488,000$499,560
97114Dayton, OR 9711413.5 mi10$8,413,630$634,500$841,363
97306Salem, OR 9730613.9 mi127$80,051,783$549,000$630,329
97101Amity, OR 9710114.9 mi20$19,547,440$899,250$977,372
97375Scotts Mills, OR 9737516.2 mi4$5,324,000$1,300,000$1,331,000
97351Independence, OR 9735117.2 mi32$19,390,464$432,500$605,952
97127Lafayette, OR 9712718.2 mi33$15,926,031$478,828$482,607

Frequently Asked Questions

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

As of January 2026, there are 78 active listings in SALEM, OR (zip code 97305), compared to 71 the prior year.

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

The median listing price in SALEM, OR 97305 is $434,900 as of January 2026, a 4.8% increase from $415,000 the prior year.

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

Homes in SALEM, OR 97305 spend an average of 82 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 97305?

Based on current inventory and days-on-market data as of January 2026, SALEM, OR 97305 is currently a Balanced Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are selling faster, averaging 82 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 97305 save an estimated $8,698 compared to a typical 5% commission on the median listing price of $434,900. 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.