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Faye Wright South Gateway Sunnyslope

SALEM, OR 97306

Real Estate Market Report
Seller's Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 97306

Faye Wright · South Gateway · Sunnyslope

Market Analysis

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

The SALEM, OR real estate market (97306) currently shows 135 active listings, with 46 pending sales. Homes are averaging 73 days on the market before going under contract.

Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 73 days on market compared to 88 days last year.

The median listing price has fallen 5.9% year-over-year, from $597,475 to $562,000.

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: 34,946  ·  Density: 416.4/mi²  ·  Median household income: $83,039

Typical home value: $388,749  ·  Homeownership: 67.0%

Market Overview

Active Listings
135
⇩ 4.3% vs 141 last year
Pending
46
34% pending ratio
Median Price
$562,000
⇩ 5.9% vs $597,475 last year
Average Price
$667,598
⇩ 1.9% vs $680,540 last year
Days on Market
73
⇩ 17% vs 88 days last year

Price Per Square Foot

Median $/sqft
$270
⇩ 5.9% vs $287/sqft last year
Median Home Size
2,170 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 135 this year vs 141 last year
  • Days on market: 73 now vs 88 last year

Median & Average Pricing

Year over Year
  • Median: $562,000 (-5.9% YoY)
  • Average: $667,598 (-1.9% 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 19.0 miles — 724 listings ($436,975,904 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97306Salem, OR 973060.0 mi127$80,051,783$549,000$630,329
97351Independence, OR 973514.7 mi32$19,390,464$432,500$605,952
97352Jefferson, OR 973527.2 mi17$11,645,731$599,450$685,043
97301Salem, OR 973018.1 mi126$53,362,260$395,000$423,510
97325Aumsville, OR 9732511.2 mi14$8,927,254$615,000$637,661
97371Rickreall, OR 9737111.5 mi4$5,000,000$1,475,000$1,250,000
97361Monmouth, OR 9736113.3 mi30$25,437,450$663,800$847,915
97305Salem, OR 9730513.9 mi78$37,204,518$434,900$476,981
97322Albany, OR 9732215.5 mi87$50,670,105$424,450$582,415
97330Corvallis, OR 9733017.4 mi81$63,027,963$675,000$778,123
97383Stayton, OR 9738318.0 mi44$26,697,044$595,000$606,751
97381Silverton, OR 9738118.4 mi80$54,094,800$595,000$676,185
97344Falls City, OR 9734419.0 mi4$1,466,532$357,500$366,633

Frequently Asked Questions

How many homes are for sale in SALEM, OR 97306?

As of February 2026, there are 135 active listings in SALEM, OR (zip code 97306), compared to 141 the prior year.

What is the median home price in SALEM, OR 97306?

The median listing price in SALEM, OR 97306 is $562,000 as of February 2026, a 5.9% decrease from $597,475 the prior year.

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

Homes in SALEM, OR 97306 spend an average of 73 days on the market before going under contract, compared to 88 days the prior year.

Is it a seller's or buyer's market in SALEM, OR 97306?

Based on current inventory and days-on-market data as of February 2026, SALEM, OR 97306 is currently a Seller's Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 73 days on market compared to 88 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 97306 save an estimated $11,240 compared to a typical 5% commission on the median listing price of $562,000. 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.