Market Intelligence · OR / Salem

Salem, OR 97305 Housing Market

The typical home value in Salem's 97305 ZIP code is $425,263, up 0.2% over the past year. The median list price sits at $438,750, and homes are taking a median of 49 days on market to sell.

Updated June 2026Median value$425K

The median home value in Salem, OR 97305 is $425K 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 97305 range

$391K to $459K

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 97305 over the last 12 months: $425K in Jun 2025 to $425K in Jun 2026 (+0.2%).

Jun 2025$425K

Jun 2026$425K

The numbers

What is the 97305 housing market like?

Typical home value

$425K

Up0.2%YoY

Median list price

$439K

Days on market

49

Down3.9%MoM

Homes for sale

80

Price cuts

13.1%

New listings

36

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

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The comparison

How do 97305 home prices compare?

  • 97305$425,263
  • 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 80 homes for sale in 97305, with 36 new listings added recently. The median list price is $438,750, while the typical home value is $425,263, up 0.2% over the past year. Homes take a median of 49 days on market, and 13.1% of listings have had a price cut. For sellers, this points to a slow, mostly flat market where realistic pricing and patience matter.

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