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All market snapshots / 97304

Salem, OR 97304 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Salem, OR inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.04
ActiveActive listings: 9696PendingPending sales: 44
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): $555k$555kSoldMedian sold price (last 6 months): $500k$500k
What homes actually sell for in Salem, OR
Distribution of 279 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $425k to $599k
$315k to $407k: 47 sales$315k$407k to $499k: 69 sales$499k to $591k: 78 sales78sales$499k$591k to $682k: 31 sales$682k to $774k: 12 sales$682k$774k to $866k: 9 sales$866k to $958k: 3 sales$866k$958k to $1.05M: 3 salesMedian $500k

What the numbers say

As of October 26, 2026, Resideline is tracking 96 active listings and 4 pending sales in ZIP code 97304. That pending-to-active ratio of 0.04 makes it a slower-moving market: listings are going under contract more slowly than in most ZIP codes Resideline tracks, which usually gives buyers more room to negotiate.

The median asking price of current listings is $554,950, while the median of the 279 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 87 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 279 closed sales tracked by Resideline. The middle half of those sales ranged from $425,000 to $599,000.

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

Resideline is currently tracking 4 pending sales against 96 active listings in 97304, a pending-to-active ratio of 0.04. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 97304 is currently a slower-moving market.

Nearby ZIP code market data

Full Salem, OR housing market report →

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