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Croisan (Croisan-Illahe) Faye Wright Morningside South Central South Salem Southeast Mill Creek (SEMC) Southeast Salem Sunnyslope

SALEM, OR 97302

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

Neighborhoods in ZIP 97302

Croisan (Croisan-Illahe) · Faye Wright · Morningside · South Central · South Salem · Southeast Mill Creek (SEMC) · Southeast Salem · Sunnyslope

Market Analysis

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

The SALEM, OR real estate market (97302) currently shows 169 active listings, with 50 pending sales. Homes are averaging 58 days on the market before going under contract.

Inventory has increased compared to last year, with 49 more homes available — giving buyers more choice.

Homes are selling faster, averaging 58 days on market compared to 77 days last year.

The median listing price has risen 0.4% year-over-year, from $544,896 to $546,950.

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.

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Market Context

Market Context

Population: 41,382  ·  Density: 681.3/mi²  ·  Median household income: $80,439

Typical home value: $384,282  ·  Homeownership: 62.1%

Market Overview

Active Listings
169
⇧ 40.8% vs 120 last year
Pending
50
30% pending ratio
Median Price
$546,950
⇧ 0.4% vs $544,896 last year
Average Price
$648,528
⇧ 7% vs $606,050 last year
Days on Market
58
⇩ 24.7% vs 77 days last year

Price Per Square Foot

Median $/sqft
$273
⇩ 1.4% vs $277/sqft last year
Median Home Size
2,061 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 169 this year vs 120 last year
  • Days on market: 58 now vs 77 last year

Median & Average Pricing

Year over Year
  • Median: $546,950 (+0.4% YoY)
  • Average: $648,528 (+7% 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 19.7 miles — 749 listings ($440,012,271 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97302Salem, OR 973020.0 mi159$100,713,462$544,950$633,418
97301Salem, OR 973014.5 mi126$53,362,260$395,000$423,510
97351Independence, OR 973516.8 mi32$19,390,464$432,500$605,952
97317Salem, OR 973177.9 mi55$41,622,570$694,000$756,774
97303Salem, OR 973039.1 mi86$43,652,912$474,900$507,592
97305Salem, OR 9730510.4 mi78$37,204,518$434,900$476,981
97325Aumsville, OR 9732511.6 mi14$8,927,254$615,000$637,661
97101Amity, OR 9710115.0 mi20$19,547,440$899,250$977,372
97361Monmouth, OR 9736115.7 mi30$25,437,450$663,800$847,915
97385Sublimity, OR 9738516.7 mi14$11,320,260$749,000$808,590
97383Stayton, OR 9738318.5 mi44$26,697,044$595,000$606,751
97322Albany, OR 9732219.3 mi87$50,670,105$424,450$582,415
97344Falls City, OR 9734419.7 mi4$1,466,532$357,500$366,633

Frequently Asked Questions

How many homes are for sale in SALEM, OR 97302?

As of February 2026, there are 169 active listings in SALEM, OR (zip code 97302), compared to 120 the prior year.

What is the median home price in SALEM, OR 97302?

The median listing price in SALEM, OR 97302 is $546,950 as of February 2026, a 0.4% increase from $544,896 the prior year.

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

Homes in SALEM, OR 97302 spend an average of 58 days on the market before going under contract, compared to 77 days the prior year.

Is it a seller's or buyer's market in SALEM, OR 97302?

Based on current inventory and days-on-market data as of February 2026, SALEM, OR 97302 is currently a Balanced Market. Inventory has increased compared to last year, with 49 more homes available — giving buyers more choice. Homes are selling faster, averaging 58 days on market compared to 77 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 97302 save an estimated $10,939 compared to a typical 5% commission on the median listing price of $546,950. 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.