Start Free
All market snapshots / 97305

Salem, OR 97305 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: 0.08
ActiveActive listings: 6262PendingPending 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): $402k$402kSoldMedian sold price (last 6 months): $397k$397k
What homes actually sell for in Salem, OR
Distribution of 232 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $293k to $452k
$66k to $130k: 24 sales$66k$130k to $194k: 8 sales$194k to $258k: 7 sales$194k$258k to $322k: 17 sales$322k to $386k: 41 sales$322k$386k to $449k: 64 sales64sales$449k to $513k: 36 sales$449k$513k to $577k: 12 salesMedian $397k

What the numbers say

As of October 5, 2026, Resideline is tracking 62 active listings and 5 pending sales in ZIP code 97305. That pending-to-active ratio of 0.08 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $402,500, while the median of the 232 closed sales Resideline tracked over the last six months was $397,000. 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 80 days.

Frequently asked questions

What is the median home price in 97305?

The median closed sale price in Salem, OR 97305 was $397,000 over the last six months, based on 232 closed sales tracked by Resideline. The middle half of those sales ranged from $293,000 to $452,000.

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

Resideline is currently tracking 5 pending sales against 62 active listings in 97305, a pending-to-active ratio of 0.08. 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, 97305 currently looks like a balanced market.

Nearby ZIP code market data

Full Salem, OR housing market report →

Running a deal in 97305? Free tools: ARV calculator · rehab cost estimator · BRRRR calculator · wholesale calculator

Run any 97305 address through Resideline
Free account. Includes 3 full property reports with comps, ARV and rent estimates.