Market Intelligence · OR / Salem

Salem, OR 97302 Housing Market

In Salem's 97302 ZIP code, the typical home value is $468,033, up 0.2% over the past year. The median list price sits at $530,925, and homes are taking a median of 45 days on market.

Updated June 2026Median value$468K

The median home value in Salem, OR 97302 is $468K as of June 2026, up 0.2% 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

$431K to $505K

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

+0.2% over 12 months

Typical home value in 97302 over the last 12 months: $467K in Jun 2025 to $468K in Jun 2026 (+0.2%).

Jun 2025$467K

Jun 2026$468K

The numbers

What is the 97302 housing market like?

Typical home value

$468K

Up0.2%YoY

Median list price

$531K

Days on market

45

Down28.6%MoM

Homes for sale

144

Price cuts

26.4%

New listings

62

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

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The comparison

How do 97302 home prices compare?

  • 97302$468,033
  • Salem$460,475
  • Oregon$464,860
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Salem: 7 ZIPs; Oregon: 339 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there are 144 homes for sale in 97302, with 62 new listings added. The median list price is $530,925, while the typical home value is $468,033, up 0.2% over the past year. Homes take a median of 45 days to sell, and 26.4% of listings have had a price cut. If you are considering selling, expect a market that is moving at a measured pace and price your home carefully from the start.

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