Market Intelligence · OR / Salem

Salem, OR 97303 Housing Market

The typical home value in Salem, OR 97303 is $454,230, up 0.1% over the past year. The median list price is $510,000, and homes spend a median of 51 days on market.

Updated August 2026Median value$448K

The median home value in Salem, OR 97303 is $448K as of August 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 97303 range

$412K to $484K

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 97303 over the last 12 months: $447K in Aug 2025 to $448K in Aug 2026 (+0.2%).

Aug 2025$447K

Aug 2026$448K

The numbers

What is the 97303 housing market like?

Typical home value

$448K

Up0.2%YoY

Median list price

$510K

Down1.7%MoM

Days on market

51

Up21.4%MoM

Homes for sale

111

Up0.9%MoM

Price cuts

26.8%

Up6.3%MoM

New listings

52

Up13.0%MoM

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

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The comparison

How do 97303 home prices compare?

  • 97303$448,229
  • 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

There are 111 homes for sale in 97303, with 52 new listings hitting the market recently. Values have been essentially flat, with the typical home value of $454,230 rising just 0.1% over the past year. Sellers are listing at a median of $510,000, and properties take a median of 51 days to sell. Price cuts on 26.8% of listings suggest some sellers are overshooting and adjusting down. For a seller here, pricing right from the start matters more than it did in faster markets.

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