Salem - OR housing market
The Salem metro has a typical home value of $455,223, up 0.4% from a year ago. Homes sell in 21 days on average, a balanced market. 27% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($455,223) is the Zillow Home Value Index for the Salem - OR metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 0.4% over the past year. In Salem - OR, that means a home worth $453,409 last year is now worth roughly $455,223.
The median sale price , what homes actually close for , is $441,914. Homes are selling at 99.1% of list price, meaning buyers have room to negotiate.
Homes listed in Salem - OR sit on the market for roughly 21 days before going pending. Shorter = seller's market; longer = buyer's market.
About 26.7% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 480 new listings hit the market each month in Salem - OR. There are currently 1,476 homes for sale, up 17.8% from a year ago.
The typical monthly rent in Salem - OR is $1,626, down 0.1% year over year. For investors, the price-to-rent ratio here is roughly 23x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
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Other metros in OR
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Portland - OR | $553,092 | -1.0% | 13.0d |
| Eugene - OR | $463,540 | +0.3% | 11.0d |