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All market snapshots / 97301

Salem, OR 97301 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Salem, OR inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.09
ActiveActive listings: 8989PendingPending sales: 88
Salem, OR: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $412k$412kSoldMedian sold price (last 6 months): $395k$395k
What homes actually sell for in Salem, OR
Distribution of 333 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $335k to $460k
$115k to $172k: 15 sales$115k$172k to $228k: 5 sales$228k to $285k: 17 sales$228k$285k to $342k: 42 sales$342k to $398k: 76 sales76sales$342k$398k to $455k: 66 sales$455k to $512k: 59 sales$455k$512k to $568k: 20 salesMedian $395k

What the numbers say

As of October 26, 2026, Resideline is tracking 89 active listings and 8 pending sales in ZIP code 97301. That pending-to-active ratio of 0.09 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $412,000, while the median of the 333 closed sales Resideline tracked over the last six months was $395,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 97301 for 82 days.

Frequently asked questions

What is the median home price in 97301?

The median closed sale price in Salem, OR 97301 was $395,000 over the last six months, based on 333 closed sales tracked by Resideline. The middle half of those sales ranged from $335,000 to $459,995.

Is 97301 a buyer's or seller's market?

Resideline is currently tracking 8 pending sales against 89 active listings in 97301, a pending-to-active ratio of 0.09. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 97301 is currently a typical-pace market.

Nearby ZIP code market data

Full Salem, OR housing market report →

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