Call or Text (240) SELL-123
Grant Highland Lansing Northeast Neighbors (NEN) Northgate

SALEM, OR 97303

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

Neighborhoods in ZIP 97303

Grant · Highland · Lansing · Northeast Neighbors (NEN) · Northgate

Market Analysis

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for SALEM, OR 97303 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 41,143  ·  Density: 637.4/mi²  ·  Median household income: $75,863

Typical home value: $366,080  ·  Homeownership: 62.7%

Market Overview

Active Listings
104
⇧ 35.1% vs 77 last year
Pending
33
32% pending ratio
Median Price
$466,100
⇩ 9.8% vs $516,750 last year
Average Price
$496,883
⇩ 20.3% vs $623,806 last year
Days on Market
78
⇩ 1.3% vs 79 days last year

Price Per Square Foot

Median $/sqft
$283
⇧ 4.8% vs $270/sqft last year
Median Home Size
1,685 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 104 this year vs 77 last year
  • Days on market: 78 now vs 79 last year

Median & Average Pricing

Year over Year
  • Median: $466,100 (-9.8% YoY)
  • Average: $496,883 (-20.3% 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 18.0 miles — 683 listings ($464,203,329 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97303Salem, OR 973030.0 mi86$43,652,912$474,900$507,592
97305Salem, OR 973054.8 mi78$37,204,518$434,900$476,981
97026Gervais, OR 970266.5 mi8$7,057,976$814,500$882,247
97302Salem, OR 973029.1 mi159$100,713,462$544,950$633,418
97101Amity, OR 9710110.3 mi20$19,547,440$899,250$977,372
97114Dayton, OR 9711410.9 mi10$8,413,630$634,500$841,363
97362Mount Angel, OR 9736212.7 mi10$7,252,500$549,000$725,250
97306Salem, OR 9730613.0 mi127$80,051,783$549,000$630,329
97351Independence, OR 9735115.2 mi32$19,390,464$432,500$605,952
97032Hubbard, OR 9703215.5 mi7$3,496,920$488,000$499,560
97128Mcminnville, OR 9712816.2 mi114$84,942,996$529,000$745,114
97115Dundee, OR 9711517.0 mi13$23,233,795$1,320,000$1,787,215
97002Aurora, OR 9700218.0 mi19$29,244,933$857,500$1,539,207

Frequently Asked Questions

How many homes are for sale in SALEM, OR 97303?

As of February 2026, there are 104 active listings in SALEM, OR (zip code 97303), compared to 77 the prior year.

What is the median home price in SALEM, OR 97303?

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.

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

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.

Is it a seller's or buyer's market in SALEM, OR 97303?

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.

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

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.