Salem, OR

Leaning buyer's-1.2% YoY

Housing market overview · Updated weekly

$425,000median sale price

Homes sold

117

Last 12 weeks

Days on market

75

Average pace

Active listings

498

4.3 months supply

Sale-to-list

99.0%

Below asking

The Salem housing market is currently classified as a leaning buyer's with a median sale price of $425,000. Prices have fallen 1.2% compared to last year, with homes spending an average of 75 days on market, indicating 4.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.

Market trends

Homes for sale in Salem

There are currently 498 homes listed for sale in Salem, Oregon. The median listing price is $456K. Featured listings range from $49,900 to $765,000.

2 bedroom mobile home for sale at 5422 Portland Rd NE Unit 67 Salem - $49,900
$49,900

5422 Portland Rd NE Unit 67

Salem, OR

2 bd2 ba1,056 sqft
Mobile home
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2 bedroom mobile home for sale at 4730 Auburn Rd NE Unit 65 Salem - $125,999
$125,999

4730 Auburn Rd NE Unit 65

Salem, OR

2 bd2 ba1,288 sqft
Mobile home
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3 bedroom house for sale at 2326 Evergreen Ave NE Salem - $325,000
$325,000

2326 Evergreen Ave NE

Salem, OR

3 bd1 ba1,185 sqft
House5,663 sqft lot
More about this property
3 bedroom house for sale at 2840 Summer St SE Salem - $458,720
$458,720

2840 Summer St SE

Salem, OR

3 bd2 ba1,420 sqft
House5,227 sqft lot
More about this property
4 bedroom house for sale at 2682 Mt St Helens Ave SE Salem - $524,900
$524,900

2682 Mt St Helens Ave SE

Salem, OR

4 bd3 ba2,306 sqft
House
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land for sale at 2881 Forest Haven Way S Salem - $525,000
$525,000

2881 Forest Haven Way S

Salem, OR

Land2.37 acres
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4 bedroom house for sale at 1145 Duffield Heights Ave SE Salem - $569,900
$569,900

1145 Duffield Heights Ave SE

Salem, OR

4 bd2 ba2,754 sqft
House12,632 sqft lot
More about this property
3 bedroom house for sale at 819 Hazeltine Ave SE Salem - $575,000
$575,000

819 Hazeltine Ave SE

Salem, OR

3 bd2 ba1,876 sqft
House6,534 sqft lot
More about this property
4 bedroom house for sale at 3016 Eagles Claw Ave NW Salem - $575,000
$575,000

3016 Eagles Claw Ave NW

Salem, OR

4 bd3 ba2,457 sqft
House9,148 sqft lot
More about this property
3 bedroom house for sale at 5960 Montevallo St SE Salem - $585,000
$585,000

5960 Montevallo St SE

Salem, OR

3 bd3 ba2,911 sqft
House4,792 sqft lot
More about this property
3 bedroom house for sale at 6173 Evangelista St S Lot 42 Salem - $694,900
$694,900

6173 Evangelista St S Lot 42

Salem, OR

3 bd3 ba2,048 sqft
House7,841 sqft lot
More about this property
5 bedroom house for sale at 3175 Glen Creek Rd NW Salem - $765,000
$765,000

3175 Glen Creek Rd NW

Salem, OR

5 bd3 ba3,150 sqft
House10,454 sqft lot
More about this property

Looking to buy in Salem?

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Active listings

498

Homes on market

Median list price

$456K

Avg. days on market

75

Days until sale

New this week

196

Newly listed

Price drops:23.5%of listings
Sale-to-list:99.0%

Explore nearby cities in OR

Frequently asked questions

What is the average home price in Salem?

The median home sale price in Salem is $425,000, down 1.2% from last year.

How long do homes stay on market in Salem?

Homes typically spend 75 days on market before going under contract.

Is Salem a buyer's or seller's market?

With 4.3 months of supply, Salem is currently a leaning buyer's.

How many homes are for sale in Salem?

There are currently 498 homes listed for sale in Salem, OR.

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