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All market snapshots / 97304

Salem, OR 97304 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: 0.05
ActiveActive listings: 9898PendingPending sales: 55
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): $565k$565kSoldMedian sold price (last 6 months): $500k$500k
What homes actually sell for in Salem, OR
Distribution of 290 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $418k to $590k
$309k to $391k: 36 sales$309k$391k to $474k: 71 sales71sales$474k to $557k: 68 sales$474k$557k to $639k: 46 sales$639k to $722k: 25 sales$639k$722k to $805k: 8 sales$805k to $887k: 4 sales$805k$887k to $970k: 4 salesMedian $500k

What the numbers say

As of October 5, 2026, Resideline is tracking 98 active listings and 5 pending sales in ZIP code 97304. That pending-to-active ratio of 0.05 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $565,000, while the median of the 290 closed sales Resideline tracked over the last six months was $500,000. 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 97304 for 75 days.

Frequently asked questions

What is the median home price in 97304?

The median closed sale price in Salem, OR 97304 was $500,000 over the last six months, based on 290 closed sales tracked by Resideline. The middle half of those sales ranged from $418,000 to $590,000.

Is 97304 a buyer's or seller's market?

Resideline is currently tracking 5 pending sales against 98 active listings in 97304, a pending-to-active ratio of 0.05. 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, 97304 currently looks like a balanced market.

Nearby ZIP code market data

Full Salem, OR housing market report →

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