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Market Intelligence · OR / Marion County

Salem, OR home prices and housing market

7 ZIP markets liveData updated September 2026Typical value$453K1-yr changeUp0.7%

The typical home value in Salem, OR is $453K as of September 2026, up 0.7% from a year ago, based on the Zillow Home Value Index. In the typical Salem ZIP code, the median list price is $531K and homes spend a median of 61 days on market as of September 2026 (Realtor.com).

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The coverage

Salem, by the numbers.

Typical home valueZillow ZHVI, September 2026
$453K
1-yr changeMedian across Salem ZIPs
+0.7%
ZIP markets live13 tracked in Salem
7
County
Marion County

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12-month value trend

+0.7% over 12 months

Typical home value in Salem over the last 12 months: $450K in Sep 2025 to $453K in Sep 2026 (+0.7%).

Sep 2025$450K

Sep 2026$453K

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

Context

Salem's typical home value sits at $453,407 as of September 2026, up 0.7% over the past year. That is a flat market, not a rising one. Sellers are asking more than buyers are paying, with a median list price of $531,200 against that lower typical value. Homes are taking a median of 61 days to sell, and 31.6% of listings have taken a price cut. Inventory is fairly deep, with 899 homes for sale and 222 new listings added in September 2026. For a homeowner weighing a sale, the data says pricing realistically from day one matters more than timing, because overpriced listings are sitting and cutting.

The numbers

What is the housing market like in Salem, OR?

Typical home value

$453K

Up0.7%YoY

Median list price

$531K

Days on market

61

Homes for sale

899

Price cuts

31.6%

New listings

222

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 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.

Prices over time

Salem, OR home prices over time

Typical home values in Salem, OR are up 0.7% over the past year, from $450K in September 2025 to $453K in September 2026.

Typical home value in Salem, OR, September of each year
MonthTypical value1-yr change
September 2026$453,407+0.7%
September 2025$450,071No prior year

Typical value is the median Zillow Home Value Index across Salem ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Salem, OR a buyer's or seller's market?

Salem, OR leans toward a buyer's market.

Homes are taking longer to sell, a large share of listings have cut their asking price, and homes for sale are building up relative to new listings, which gives buyers more room to negotiate.

Based on a median of 61 days on market and 32% of listings with a price cut in the typical Salem ZIP code, and 222 new listings against 899 active listings across Salem, as of September 2026 (Realtor.com).

The outlook

Salem housing market forecast 2027

0.0%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 7 Salem ZIP codes, points to typical home values holding roughly flat by September 2027 (no change).

Over the 12 months through September 2026, typical home values in Salem rose 0.7%, per the Zillow Home Value Index.

Will home prices drop in Salem?

Not by much, on the forecasts: a weighted average of Zillow's ZIP forecasts for Salem shows typical home values holding roughly flat by September 2027 (no change), after a 0.7% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 7 Salem ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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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 September 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, September 2026

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Common questions

Questions about Salem, OR home prices.

How much is a home in Salem worth?

The typical home value in Salem is $453,407 as of September 2026, up 0.7% over the past year. This is a citywide figure, so individual homes will vary.

How long does it take to sell a home in Salem?

Homes in Salem spend a median of 61 days on the market as of September 2026. With 31.6% of listings seeing a price cut, homes priced too high tend to sit longer.

Is Salem a buyer's or seller's market right now?

As of September 2026, Salem had 899 homes for sale and 222 new listings, while nearly a third of listings had reduced their price. Conditions lean toward buyers, so sellers need to price carefully.

Are home prices going up or down in Salem, OR?

Typical home values in Salem, OR are up 0.7% over the past year, based on the Zillow Home Value Index as of September 2026.

Nearby markets

More Oregon housing markets.

The market is moving

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