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All market snapshots / 97302

Salem, OR 97302 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Salem, OR inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.11
ActiveActive listings: 9797PendingPending sales: 1111
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): $459k$459kSoldMedian sold price (last 6 months): $460k$460k
What homes actually sell for in Salem, OR
Distribution of 355 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $370k to $586k
$190k to $279k: 26 sales$190k$279k to $368k: 42 sales$368k to $456k: 90 sales90sales$368k$456k to $545k: 55 sales$545k to $634k: 55 sales$545k$634k to $722k: 32 sales$722k to $811k: 17 sales$722k$811k to $900k: 3 salesMedian $460k

What the numbers say

As of October 5, 2026, Resideline is tracking 97 active listings and 11 pending sales in ZIP code 97302. That pending-to-active ratio of 0.11 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $459,000, while the median of the 355 closed sales Resideline tracked over the last six months was $459,900. 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 79 days.

Frequently asked questions

What is the median home price in 97302?

The median closed sale price in Salem, OR 97302 was $459,900 over the last six months, based on 355 closed sales tracked by Resideline. The middle half of those sales ranged from $370,000 to $586,000.

Is 97302 a buyer's or seller's market?

Resideline is currently tracking 11 pending sales against 97 active listings in 97302, a pending-to-active ratio of 0.11. 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.

Nearby ZIP code market data

Full Salem, OR housing market report →

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