Home ValuePros

Market Intelligence · OR / Marion County

Salem, OR housing market

7 ZIP markets liveData updated July 2026Typical value$462K1-yr changeUp1.1%

The median home value in Salem, OR is $462K as of July 2026, up 1.1% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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The coverage

Salem, by the numbers.

Typical home valueZillow ZHVI, July 2026
$462K
1-yr changeMedian across Salem ZIPs
+1.1%
ZIP markets live13 tracked in Salem
7
County
Marion County

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12-month value trend

+1.1% over 12 months

Typical home value in Salem over the last 12 months: $457K in Jul 2025 to $462K in Jul 2026 (+1.1%).

Jul 2025$457K

Jul 2026$462K

Median Zillow home value index across Salem's ZIP codes.

Context

The typical Salem home carries a Zillow value of $462,374 as of July 2026, a 12-month move of +1.1%. On the listing side, Realtor.com counts 894 homes on the market, 304 newly listed, and a median asking price of $524,700 in August 2026. A typical listing takes 57 days to sell, and 29.1% of active homes have seen a price reduction. The read is a steady market, gains holding while buyers still have room to negotiate on individual homes.

The numbers

What is the housing market like in Salem, OR?

Typical home value

$462K

Up1.1%YoY

Median list price

$525K

Days on market

57

Homes for sale

894

Price cuts

29.1%

New listings

304

Sources · Zillow ZHVI (July 2026) / Realtor.com (August 2026)

Figures reflect Salem's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

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The markets

Which Salem ZIP codes have the highest home values?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of July 2026. 1-yr change compares it to the same ZIP a year earlier. We track 13 Salem ZIP codes in total; the remaining 6 publish as their data clears editorial QA.

Zillow ZHVI, July 2026

Local pros

Who are the top real estate agents in Salem?

Top real estate agents in Salem, OR

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Nearby markets

More Oregon housing markets.

The market is moving

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