Salem, OR 97304 Housing Market
- Active listings92currently for sale
- Pending sales10under contract
- Median asking price$517,177current listings
- Listing age66 daysmedian time Resideline has been seeing the current listings
- Closed sales tracked (6 mo)289a tracked sample, not a market total
- Median sold price$504,000last 6 months
- Middle half of sold prices$418k to $605k25th to 75th percentile
What the numbers say
As of September 14, 2026, Resideline is tracking 92 active listings and 10 pending sales in ZIP code 97304. 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 $517,177, while the median of the 289 closed sales Resideline tracked over the last six months was $504,000. 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 66 days.
Frequently asked questions
What is the median home price in 97304?
The median closed sale price in Salem, OR 97304 was $504,000 over the last six months, based on 289 closed sales tracked by Resideline. The middle half of those sales ranged from $418,000 to $605,000.
Is 97304 a buyer's or seller's market?
Resideline is currently tracking 10 pending sales against 92 active listings in 97304, 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, 97304 currently looks like a balanced market.