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All market snapshots / 97305

Salem, OR 97305 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: 0.12
ActiveActive listings: 5757PendingPending sales: 77
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): $415k$415kSoldMedian sold price (last 6 months): $395k$395k
What homes actually sell for in Salem, OR
Distribution of 215 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $295k to $452k
$64k to $128k: 21 sales$64k$128k to $192k: 6 sales$192k to $256k: 7 sales$192k$256k to $320k: 17 sales$320k to $385k: 39 sales$320k$385k to $449k: 59 sales59sales$449k to $513k: 33 sales$449k$513k to $577k: 12 salesMedian $395k

What the numbers say

As of October 26, 2026, Resideline is tracking 57 active listings and 7 pending sales in ZIP code 97305. That pending-to-active ratio of 0.12 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $415,000, while the median of the 215 closed sales Resideline tracked over the last six months was $395,000. 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 97305 for 101 days.

Frequently asked questions

What is the median home price in 97305?

The median closed sale price in Salem, OR 97305 was $395,000 over the last six months, based on 215 closed sales tracked by Resideline. The middle half of those sales ranged from $295,000 to $452,000.

Is 97305 a buyer's or seller's market?

Resideline is currently tracking 7 pending sales against 57 active listings in 97305, a pending-to-active ratio of 0.12. 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, 97305 is currently a typical-pace market.

Nearby ZIP code market data

Full Salem, OR housing market report →

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