Salem - OR housing market
The Salem metro has a typical home value of $454,689, up 0.4% from a year ago. Homes sell in 20 days on average - a balanced market. 25% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($454,689) is the Zillow Home Value Index for the Salem - OR metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 0.4% over the past year. In Salem - OR, that means a home worth $452,877 last year is now worth roughly $454,689.
The median sale price , what homes actually close for , is $440,994. Homes are selling at 98.8% of list price, meaning buyers have room to negotiate.
Homes listed in Salem - OR sit on the market for roughly 20 days before going pending. Shorter = seller's market; longer = buyer's market.
About 24.7% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 464 new listings hit the market each month in Salem - OR. There are currently 1,381 homes for sale, up 22.0% from a year ago.
The typical monthly rent in Salem - OR is $1,628, up 0.1% year over year. For investors, the price-to-rent ratio here is roughly 23x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Protect what you own.
We take a referral cut when you complete a purchase - at no cost to you.
Sponsored links. See our affiliate disclosure.
Other metros in OR
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Portland - OR | $552,022 | -1.1% | 12.0d |
| Eugene - OR | $459,366 | +0.0% | 11.0d |