Market Intelligence · OR / Salem

Salem, OR 97305 Housing Market

In Salem, OR 97305, the typical home value is $425,481, up 0.3% over the past year. The median list price is $444,900, and homes spend a median of 50 days on market. That points to a market where prices are nearly flat but listings are not moving fast.

Updated August 2026Median value$421K

The median home value in Salem, OR 97305 is $421K as of August 2026, up 0.4% 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 97305 range

$387K to $454K

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

+0.4% over 12 months

Typical home value in 97305 over the last 12 months: $419K in Aug 2025 to $421K in Aug 2026 (+0.4%).

Aug 2025$419K

Aug 2026$421K

The numbers

What is the 97305 housing market like?

Typical home value

$421K

Up0.4%YoY

Median list price

$445K

Flat0.0%MoM

Days on market

50

Up8.7%MoM

Homes for sale

84

Up7.7%MoM

Price cuts

34.1%

Up30.4%MoM

New listings

32

Down15.8%MoM

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

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The comparison

How do 97305 home prices compare?

  • 97305$420,587
  • 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, OR 97305 had 84 homes for sale as of 2026-08-01, with 32 new listings entering the market. The median list price sits at $444,900, while the typical home value is $425,481, up just 0.3% over the past year. Homes are taking a median of 50 days to sell, and 34.1% of listings have had a price cut. That combination of slow value growth and frequent reductions points to a soft market. For a seller, realistic pricing from the start matters more than testing the high end.

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