Market Intelligence · OR / Salem

Salem, OR 97303 Housing Market

The typical home value in Salem's 97303 ZIP code is $454,767, down 0.1% over the past year. The median list price sits at $507,475, and homes are taking a median of 38 days on market.

Updated June 2026Median value$455K

The median home value in Salem, OR 97303 is $455K as of June 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 97303 range

$418K to $491K

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 97303 over the last 12 months: $455K in Jun 2025 to $455K in Jun 2026 (-0.1%).

Jun 2025$455K

Jun 2026$455K

The numbers

What is the 97303 housing market like?

Typical home value

$455K

Down0.1%YoY

Median list price

$507K

Days on market

38

Down24.0%MoM

Homes for sale

94

Price cuts

29.6%

New listings

50

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

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The comparison

How do 97303 home prices compare?

  • 97303$454,767
  • 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 were 94 homes for sale in 97303, with 50 new listings added. The median list price was $507,475, while the typical home value stood at $454,767, down 0.1% over the past year. Homes were spending a median of 38 days on market, and 29.6% of listings had a price cut. For sellers, this points to a market where pricing carefully matters, since a meaningful share of homes are already being reduced.

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