Grant · Highland · Lansing · Northeast Neighbors (NEN) · Northgate
Data as of February 2026. Source: Realtor.com.
The SALEM, OR real estate market (97303) currently shows 104 active listings, with 33 pending sales. Homes are averaging 78 days on the market before going under contract.
Inventory has increased compared to last year, with 27 more homes available — giving buyers more choice.
Homes are selling faster, averaging 78 days on market compared to 79 days last year.
The median listing price has fallen 9.8% year-over-year, from $516,750 to $466,100.
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.
Population: 41,143 · Density: 637.4/mi² · Median household income: $75,863
Typical home value: $366,080 · Homeownership: 62.7%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 97303 | Salem, OR 97303 | 0.0 mi | 86 | $43,652,912 | $474,900 | $507,592 |
| 97305 | Salem, OR 97305 | 4.8 mi | 78 | $37,204,518 | $434,900 | $476,981 |
| 97026 | Gervais, OR 97026 | 6.5 mi | 8 | $7,057,976 | $814,500 | $882,247 |
| 97302 | Salem, OR 97302 | 9.1 mi | 159 | $100,713,462 | $544,950 | $633,418 |
| 97101 | Amity, OR 97101 | 10.3 mi | 20 | $19,547,440 | $899,250 | $977,372 |
| 97114 | Dayton, OR 97114 | 10.9 mi | 10 | $8,413,630 | $634,500 | $841,363 |
| 97362 | Mount Angel, OR 97362 | 12.7 mi | 10 | $7,252,500 | $549,000 | $725,250 |
| 97306 | Salem, OR 97306 | 13.0 mi | 127 | $80,051,783 | $549,000 | $630,329 |
| 97351 | Independence, OR 97351 | 15.2 mi | 32 | $19,390,464 | $432,500 | $605,952 |
| 97032 | Hubbard, OR 97032 | 15.5 mi | 7 | $3,496,920 | $488,000 | $499,560 |
| 97128 | Mcminnville, OR 97128 | 16.2 mi | 114 | $84,942,996 | $529,000 | $745,114 |
| 97115 | Dundee, OR 97115 | 17.0 mi | 13 | $23,233,795 | $1,320,000 | $1,787,215 |
| 97002 | Aurora, OR 97002 | 18.0 mi | 19 | $29,244,933 | $857,500 | $1,539,207 |
As of February 2026, there are 104 active listings in SALEM, OR (zip code 97303), compared to 77 the prior year.
The median listing price in SALEM, OR 97303 is $466,100 as of February 2026, a 9.8% decrease from $516,750 the prior year.
Homes in SALEM, OR 97303 spend an average of 78 days on the market before going under contract, compared to 79 days the prior year.
Based on current inventory and days-on-market data as of February 2026, SALEM, OR 97303 is currently a Balanced Market. Inventory has increased compared to last year, with 27 more homes available — giving buyers more choice. Homes are selling faster, averaging 78 days on market compared to 79 days last year.
With SELL123.com's maximum 3% commission, sellers in SALEM, OR 97303 save an estimated $9,322 compared to a typical 5% commission on the median listing price of $466,100. 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.