Salem, OR 97302 Housing Market
- Active listings95currently for sale
- Pending sales9under contract
- Median asking price$420,000current listings
- Listing age67 daysmedian time Resideline has been seeing the current listings
- Closed sales tracked (6 mo)361a tracked sample, not a market total
- Median sold price$465,000last 6 months
- Middle half of sold prices$375k to $575k25th to 75th percentile
What the numbers say
As of September 14, 2026, Resideline is tracking 95 active listings and 9 pending sales in ZIP code 97302. That pending-to-active ratio of 0.09 points to a balanced market: buyers have room to compare options and negotiate.
The median asking price of current listings is $420,000, while the median of the 361 closed sales Resideline tracked over the last six months was $465,000. 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 97302 for 67 days.
Frequently asked questions
What is the median home price in 97302?
The median closed sale price in Salem, OR 97302 was $465,000 over the last six months, based on 361 closed sales tracked by Resideline. The middle half of those sales ranged from $375,000 to $575,000.
Is 97302 a buyer's or seller's market?
Resideline is currently tracking 9 pending sales against 95 active listings in 97302, a pending-to-active ratio of 0.09. 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, 97302 currently looks like a balanced market.