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SALEM, OR 97306

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

Market Overview

Active Listings
127
⇩ 5.2% vs 134 last year
Pending
32
25% pending ratio
Median Price
$549,000
⇩ 8.5% vs $599,950 last year
Average Price
$630,329
⇩ 9.9% vs $699,202 last year
Days on Market
79
⇩ 10.2% vs 88 days last year

Market Context

Population: 34,946  ·  Density: 416.4/mi²  ·  Median household income: $83,039

Typical home value: $388,749  ·  Homeownership: 67.0%

Market Analysis

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

The SALEM, OR real estate market (97306) currently shows 127 active listings, with 32 pending sales. Homes are averaging 79 days on the market before going under contract.

Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 79 days on market compared to 88 days last year.

The median listing price has fallen 8.5% year-over-year, from $599,950 to $549,000.

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: 127 this year vs 134 last year
  • Days on market: 79 now vs 88 last year

Median & Average Pricing

Year over Year
  • Median: $549,000 (-8.5% YoY)
  • Average: $630,329 (-9.9% 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 19.0 miles — 724 listings ($436,975,904 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97306Salem, OR 973060.0 mi127$80,051,783$549,000$630,329
97351Independence, OR 973514.7 mi32$19,390,464$432,500$605,952
97352Jefferson, OR 973527.2 mi17$11,645,731$599,450$685,043
97301Salem, OR 973018.1 mi126$53,362,260$395,000$423,510
97325Aumsville, OR 9732511.2 mi14$8,927,254$615,000$637,661
97371Rickreall, OR 9737111.5 mi4$5,000,000$1,475,000$1,250,000
97361Monmouth, OR 9736113.3 mi30$25,437,450$663,800$847,915
97305Salem, OR 9730513.9 mi78$37,204,518$434,900$476,981
97322Albany, OR 9732215.5 mi87$50,670,105$424,450$582,415
97330Corvallis, OR 9733017.4 mi81$63,027,963$675,000$778,123
97383Stayton, OR 9738318.0 mi44$26,697,044$595,000$606,751
97381Silverton, OR 9738118.4 mi80$54,094,800$595,000$676,185
97344Falls City, OR 9734419.0 mi4$1,466,532$357,500$366,633

Frequently Asked Questions

How many homes are for sale in SALEM, OR 97306?

As of January 2026, there are 127 active listings in SALEM, OR (zip code 97306), compared to 134 the prior year.

What is the median home price in SALEM, OR 97306?

The median listing price in SALEM, OR 97306 is $549,000 as of January 2026, a 8.5% decrease from $599,950 the prior year.

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

Homes in SALEM, OR 97306 spend an average of 79 days on the market before going under contract, compared to 88 days the prior year.

Is it a seller's or buyer's market in SALEM, OR 97306?

Based on current inventory and days-on-market data as of January 2026, SALEM, OR 97306 is currently a Seller's Market. Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 79 days on market compared to 88 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 97306 save an estimated $10,980 compared to a typical 5% commission on the median listing price of $549,000. 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.