How much is a home in 97302 worth?

The typical home value in 97302 is $467,145, up 0.2% over the past year as of 2026-07-01.

How long does it take to sell a home in 97302?

Homes in 97302 spend a median of 64 days on the market as of 2026-08-01. That is a slower pace, so sellers should plan for a longer timeline.

Are home prices being cut in 97302?

Yes. As of 2026-08-01, 28.2% of listings in 97302 have taken a price cut, with a median list price of $524,700.

Market Intelligence · OR / Salem

Salem, OR 97302 Housing Market

The typical home value in Salem, OR 97302 is $467,145, up 0.2% over the past year as of 2026-07-01. The median list price is $524,700, and homes spend a median of 64 days on the market. As of 2026-08-01, there are 164 homes for sale in the ZIP.

Updated August 2026Median value$461K

The median home value in Salem, OR 97302 is $461K as of August 2026, up 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 97302 range

$424K to $497K

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

Aug 2025$460K

Low $460KHigh $465K

Aug 2026$461K

The numbers

What is the 97302 housing market like?

As of August 2026

Typical home value

$461K

0.1%YoY

Median list price

$525K

0.1%MoM

Days on market

30.6%MoM

Homes for sale

164

3.1%MoM

Price cuts

28.2%

4.3%MoM

New listings

21.4%MoM

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

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The comparison

How do 97302 home prices compare?

97302$460,528
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 97302 market is moving slowly but holding its value. The typical home value of $467,145 is up 0.2% over the past year, which is essentially flat. Sellers are asking a median of $524,700, above the typical value, and homes take a median of 64 days to go under contract. With 164 homes for sale and 44 new listings, buyers have options, and 28.2% of listings have taken a price cut. For a seller, this means pricing realistically from the start matters more than usual, because overpriced homes are sitting and then cutting.

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