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All market snapshots / 97306

Salem, OR 97306 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: 0.06
ActiveActive listings: 117117PendingPending 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): $575k$575kSoldMedian sold price (last 6 months): $476k$476k
What homes actually sell for in Salem, OR
Distribution of 328 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $385k to $610k
$143k to $234k: 11 sales$143k$234k to $326k: 19 sales$326k to $418k: 65 sales$326k$418k to $509k: 80 sales80sales$509k to $600k: 53 sales$509k$600k to $692k: 34 sales$692k to $784k: 20 sales$692k$784k to $875k: 13 salesMedian $476k

What the numbers say

As of October 26, 2026, Resideline is tracking 117 active listings and 7 pending sales in ZIP code 97306. That pending-to-active ratio of 0.06 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 $574,995, while the median of the 328 closed sales Resideline tracked over the last six months was $476,000. 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 97306 for 95 days.

Frequently asked questions

What is the median home price in 97306?

The median closed sale price in Salem, OR 97306 was $476,000 over the last six months, based on 328 closed sales tracked by Resideline. The middle half of those sales ranged from $385,000 to $610,000.

Is 97306 a buyer's or seller's market?

Resideline is currently tracking 7 pending sales against 117 active listings in 97306, a pending-to-active ratio of 0.06. 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, 97306 is currently a typical-pace market.

Nearby ZIP code market data

Full Salem, OR housing market report →

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