Salem, OR 97301 Housing Market
- Active listings94currently for sale
- Pending sales7under contract
- Median asking price$357,375current listings
- Listing age58 daysmedian time Resideline has been seeing the current listings
- Closed sales tracked (6 mo)349a tracked sample, not a market total
- Median sold price$400,000last 6 months
- Middle half of sold prices$335k to $458k25th to 75th percentile
What the numbers say
As of September 14, 2026, Resideline is tracking 94 active listings and 7 pending sales in ZIP code 97301. That pending-to-active ratio of 0.07 points to a balanced market: buyers have room to compare options and negotiate.
The median asking price of current listings is $357,375, while the median of the 349 closed sales Resideline tracked over the last six months was $400,000. 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 58 days.
Frequently asked questions
What is the median home price in 97301?
The median closed sale price in Salem, OR 97301 was $400,000 over the last six months, based on 349 closed sales tracked by Resideline. The middle half of those sales ranged from $335,000 to $458,500.
Is 97301 a buyer's or seller's market?
Resideline is currently tracking 7 pending sales against 94 active listings in 97301, a pending-to-active ratio of 0.07. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 97301 currently looks like a balanced market.