Market Intelligence · OR / Salem

Salem, OR 97301 Housing Market

The typical home value in Salem, OR 97301 is $375,844, down 0.1% over the past year. Homes are listed at a median price of $389,900 and spend a median of 51 days on the market. The market is nearly flat, neither rising nor falling in a meaningful way.

Updated August 2026Median value$370K

The median home value in Salem, OR 97301 is $370K as of August 2026, down 0.1% 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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Typical 97301 range

$340K to $399K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-0.1% over 12 months

Typical home value in 97301 over the last 12 months: $370K in Aug 2025 to $370K in Aug 2026 (-0.1%).

Aug 2025$370K

Aug 2026$370K

The numbers

What is the 97301 housing market like?

Typical home value

$370K

Down0.1%YoY

Median list price

$390K

Down1.8%MoM

Days on market

51

Up8.5%MoM

Homes for sale

127

Down2.3%MoM

Price cuts

32.7%

Up36.5%MoM

New listings

56

Down33.3%MoM

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

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The comparison

How do 97301 home prices compare?

  • 97301$369,898
  • Salem$456,016
  • Oregon$458,140
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Salem: 7 ZIPs; Oregon: 339 ZIPs; United States: 26,265 ZIPs).

Context

Salem's 97301 ZIP has 127 homes for sale, with 56 new listings coming on the market. The median list price is $389,900, while the typical home value sits at $375,844, down 0.1% over the past year. Homes take a median of 51 days to sell, and 32.7% of listings have taken a price cut. That share of cuts suggests buyers are pushing back on asking prices and some sellers are adjusting to meet them. For a seller, the honest read is that pricing accurately from the start matters more than usual right now.

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20% · $73,980

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