Call or Text (240) SELL-123
Central Area East Lancaster (ELNA) Grant Northeast Neighbors (NEN) Northeast Salem Southeast Mill Creek (SEMC) Southeast Salem

SALEM, OR 97301

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 97301

Central Area · East Lancaster (ELNA) · Grant · Northeast Neighbors (NEN) · Northeast Salem · Southeast Mill Creek (SEMC) · Southeast Salem

Market Analysis

Data as of February 2026. Source: Realtor.com.

The SALEM, OR real estate market (97301) currently shows 148 active listings, with 58 pending sales. Homes are averaging 45 days on the market before going under contract.

Inventory has increased compared to last year, with 40 more homes available — giving buyers more choice.

Homes are selling faster, averaging 45 days on market compared to 57 days last year.

The median listing price has fallen 0.1% year-over-year, from $399,948 to $399,675.

Whether you are buying or selling in SALEM, OR, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for SALEM, OR 97301 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 55,386  ·  Density: 1,891.6/mi²  ·  Median household income: $53,113

Typical home value: $273,572  ·  Homeownership: 42.4%

Market Overview

Active Listings
148
⇧ 37% vs 108 last year
Pending
58
39% pending ratio
Median Price
$399,675
⇩ 0.1% vs $399,948 last year
Average Price
$426,483
⇧ 3.3% vs $412,698 last year
Days on Market
45
⇩ 21.1% vs 57 days last year

Price Per Square Foot

Median $/sqft
$267
⇩ 1.1% vs $270/sqft last year
Median Home Size
1,518 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 148 this year vs 108 last year
  • Days on market: 45 now vs 57 last year

Median & Average Pricing

Year over Year
  • Median: $399,675 (-0.1% YoY)
  • Average: $426,483 (+3.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 19.8 miles — 687 listings ($454,099,128 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97301Salem, OR 973010.0 mi126$53,362,260$395,000$423,510
97302Salem, OR 973024.5 mi159$100,713,462$544,950$633,418
97317Salem, OR 973175.8 mi55$41,622,570$694,000$756,774
97304Salem, OR 973046.5 mi127$91,576,144$578,450$721,072
97371Rickreall, OR 973719.9 mi4$5,000,000$1,475,000$1,250,000
97026Gervais, OR 9702611.1 mi8$7,057,976$814,500$882,247
97392Turner, OR 9739211.4 mi27$38,897,415$994,950$1,440,645
97352Jefferson, OR 9735213.8 mi17$11,645,731$599,450$685,043
97101Amity, OR 9710114.3 mi20$19,547,440$899,250$977,372
97071Woodburn, OR 9707115.6 mi125$62,400,500$439,900$499,204
97114Dayton, OR 9711416.5 mi10$8,413,630$634,500$841,363
97137Saint Paul, OR 9713718.1 mi5$8,538,000$1,000,000$1,707,600
97375Scotts Mills, OR 9737519.8 mi4$5,324,000$1,300,000$1,331,000

Frequently Asked Questions

How many homes are for sale in SALEM, OR 97301?

As of February 2026, there are 148 active listings in SALEM, OR (zip code 97301), compared to 108 the prior year.

What is the median home price in SALEM, OR 97301?

The median listing price in SALEM, OR 97301 is $399,675 as of February 2026, a 0.1% decrease from $399,948 the prior year.

How long do homes stay on the market in SALEM, OR?

Homes in SALEM, OR 97301 spend an average of 45 days on the market before going under contract, compared to 57 days the prior year.

Is it a seller's or buyer's market in SALEM, OR 97301?

Based on current inventory and days-on-market data as of February 2026, SALEM, OR 97301 is currently a Balanced Market. Inventory has increased compared to last year, with 40 more homes available — giving buyers more choice. Homes are selling faster, averaging 45 days on market compared to 57 days last year.

How much can I save on real estate commission in SALEM, OR?

With SELL123.com's maximum 3% commission, sellers in SALEM, OR 97301 save an estimated $7,994 compared to a typical 5% commission on the median listing price of $399,675. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.