Market Intelligence · OR / Salem

Salem, OR 97303 Housing Market

The typical home value in Salem's 97303 ZIP code stands at $448,229, up 0.2% over the past year. The median list price is $487,450, with homes averaging 48 days on the market as of September 2026.

Updated September 2026Median value$447K

The median home value in Salem, OR 97303 is $447K as of September 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.

Sell without the wait

Sell your Salem home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 97303 range

$412K to $483K

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.

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 97303 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Salem, OR.

12-month value trend

+0.2% over 12 months

Sep 2025$446K

Low $446KHigh $450K

Sep 2026$447K

The numbers

What is the 97303 housing market like?

As of September 2026

Typical home value

$447K

0.2%YoY

Median list price

$487K

4.4%MoM

Days on market

5.9%MoM

Homes for sale

118

6.3%MoM

Price cuts

34.0%

27.0%MoM

New listings

42.3%MoM

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

The outlook

97303 housing market forecast 2027

0.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 97303 to stay roughly flat by September 2027 (no change).

Over the 12 months through September 2026, typical home values in 97303 rose 0.2%, per the Zillow Home Value Index.

Will home prices drop in 97303?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 97303 to stay roughly flat by September 2027 (no change), after a 0.2% rise 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.

Free home value report

See what your 97303 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 97303 home prices compare?

97303$447,314
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 97303 currently has 118 homes for sale, with 30 new listings added in September 2026. The median list price of $487,450 sits above the typical home value, suggesting some properties are priced at a premium. At 48 days on the market, homes are selling at a moderate pace. However, 34.0% of listings have seen a price cut, which signals some softness in seller leverage. If you're considering selling, expect a patient market where pricing strategy will matter.

Monthly payment

Estimate your monthly payment.

Home price

Down payment20% · $89,463

Term

Rate (%)

Common questions

What people ask us.

What is the typical home value in 97303?

The typical home value is $448,229, up 0.2% over the past year as of August 2026.

How many homes are for sale in Salem's 97303?

There are 118 homes for sale as of September 2026, with 30 new listings that month.

How long do homes take to sell in this area?

The median days on market is 48 as of September 2026.

Discover

Nearby ZIP markets.

Keep reading