Market Intelligence · OR / Salem

Salem, OR 97301 Housing Market

The typical home in Salem's 97301 ZIP code is worth $367,798, down 0.1% over the past year as of September 2026. The median list price sits at $385,000, and homes are taking a median of 54 days to sell.

Updated September 2026Median value$368K

The median home value in Salem, OR 97301 is $368K as of September 2026, down 0.1% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 97301 range

$338K to $397K

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

Sep 2025$368K

Low $368KHigh $370K

Sep 2026$368K

The numbers

What is the 97301 housing market like?

As of September 2026

Typical home value

$368K

0.1%YoY

Median list price

$385K

1.3%MoM

Days on market

5.9%MoM

Homes for sale

139

9.4%MoM

Price cuts

30.4%

7.2%MoM

New listings

21.4%MoM

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

The outlook

97301 housing market forecast 2027

0.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 97301 to stay roughly flat by September 2027 (no change).

Over the 12 months through September 2026, typical home values in 97301 fell 0.1%, per the Zillow Home Value Index.

Will home prices drop in 97301?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 97301 to stay roughly flat by September 2027 (no change), after a 0.1% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 97301 home prices compare?

97301$367,798
Salem$453,407
Oregon$456,438
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Salem: 7 ZIPs; Oregon: 339 ZIPs; United States: 26,262 ZIPs).

Context

Salem's 97301 market is close to flat. The typical home value of $367,798 is down just 0.1% over the past year as of September 2026, so values are holding rather than climbing. There are 139 homes for sale, with 44 new listings hitting the market, giving buyers a reasonable amount to choose from. Homes take a median of 54 days to sell, and 30.4% of listings have had a price cut. For sellers, the honest read is that pricing right from the start matters, because nearly a third of the competition has already had to adjust.

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Down payment20% · $73,560

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Common questions

What people ask us.

How much is a home in 97301 worth?

The typical home value in 97301 is $367,798 as of September 2026, down 0.1% over the past year.

How long does it take to sell a home in 97301?

Homes in 97301 spend a median of 54 days on the market as of September 2026.

Is 97301 a competitive market for sellers?

There are 139 homes for sale and 30.4% of listings have had a price cut as of September 2026, so sellers face real competition and need realistic pricing.

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