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All market snapshots / 97306

Salem, OR 97306 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: 122122PendingPending sales: 1010
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): $470k$470k
What homes actually sell for in Salem, OR
Distribution of 341 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $382k to $605k
$145k to $236k: 14 sales$145k$236k to $327k: 22 sales$327k to $419k: 65 sales$327k$419k to $510k: 84 sales84sales$510k to $601k: 52 sales$510k$601k to $692k: 36 sales$692k to $784k: 20 sales$692k$784k to $875k: 13 salesMedian $470k

What the numbers say

As of October 5, 2026, Resideline is tracking 122 active listings and 10 pending sales in ZIP code 97306. 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 $575,000, while the median of the 341 closed sales Resideline tracked over the last six months was $470,000. 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 85 days.

Frequently asked questions

What is the median home price in 97306?

The median closed sale price in Salem, OR 97306 was $470,000 over the last six months, based on 341 closed sales tracked by Resideline. The middle half of those sales ranged from $381,900 to $605,000.

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

Resideline is currently tracking 10 pending sales against 122 active listings in 97306, 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, 97306 currently looks like a balanced market.

Nearby ZIP code market data

Full Salem, OR housing market report →

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