$49,900
5422 Portland Rd NE Unit 67
Salem, OR
2 bd2 ba1,056 sqft
Mobile home
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Salem, OR Housing Market & Real Estate
Leaning buyer's-1.2% YoY
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Salem, OR is $425,000, down 1.2% year-over-year. Homes sell in an average of 75 days with 498 active listings. The market is currently a leaning buyer's.
$425,000median sale price
Is Salem a buyer's or seller's market?
Leaning buyer's4.3 months of supply75 avg. days on market
Salem, OR is currently a leaning buyer's, based on 4.3 months of supply and homes selling in about 75 days. How we determine this →
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
Salem, OR market data
| Metric | Value |
|---|---|
| Median sale price | $425,000 |
| Median list price | $455,998 |
| Year-over-year price change | -1.2% |
| Average days on market | 75 days |
| Active inventory | 498 listings |
| Months of supply | 4.3 months |
| Sale-to-list price ratio | 99.0% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated weekly
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.
$125,999
4730 Auburn Rd NE Unit 65
Salem, OR
2 bd2 ba1,288 sqft
Mobile home
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$325,000
2326 Evergreen Ave NE
Salem, OR
3 bd1 ba1,185 sqft
House5,663 sqft lot
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$458,720
2840 Summer St SE
Salem, OR
3 bd2 ba1,420 sqft
House5,227 sqft lot
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$524,900
2682 Mt St Helens Ave SE
Salem, OR
4 bd3 ba2,306 sqft
House
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$525,000
2881 Forest Haven Way S
Salem, OR
Land2.37 acres
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$569,900
1145 Duffield Heights Ave SE
Salem, OR
4 bd2 ba2,754 sqft
House12,632 sqft lot
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$575,000
819 Hazeltine Ave SE
Salem, OR
3 bd2 ba1,876 sqft
House6,534 sqft lot
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$575,000
3016 Eagles Claw Ave NW
Salem, OR
4 bd3 ba2,457 sqft
House9,148 sqft lot
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$585,000
5960 Montevallo St SE
Salem, OR
3 bd3 ba2,911 sqft
House4,792 sqft lot
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$694,900
6173 Evangelista St S Lot 42
Salem, OR
3 bd3 ba2,048 sqft
House7,841 sqft lot
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$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%
Top public schools in Salem
50 schools tracked · 31,646 students
The largest public schools serving Salem, OR by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
South Salem High School
Grades 9-12 · 2,310 students
McKay High School
Grades 9-12 · 2,299 students
North Salem High School
Grades 9-12 · 2,176 students
Sprague High School
Grades 9-12 · 1,765 students
West Salem High School
Grades 9-12 · 1,666 students
Stephens Middle School
Grades 6-8 · 1,041 students
Waldo Middle School
Grades 6-8 · 1,035 students
Houck Middle School
Grades 6-8 · 873 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
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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