Market Intelligence · OR / Salem

Salem, OR 97305 Housing Market

The typical home value in Salem 97305 is $420,587, up 0.4% over the past year. The median list price sits at $440,000, with homes lingering on the market for a median of 61 days.

Updated September 2026Median value$418K

The median home value in Salem, OR 97305 is $418K as of September 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

$385K to $452K

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

Sep 2025$417K

Low $417KHigh $420K

Sep 2026$418K

The numbers

What is the 97305 housing market like?

As of September 2026

Typical home value

$418K

0.4%YoY

Median list price

$440K

1.1%MoM

Days on market

22.0%MoM

Homes for sale

0.0%MoM

Price cuts

31.6%

7.4%MoM

New listings

37.5%MoM

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

The outlook

97305 housing market forecast 2027

+0.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 97305 to stay roughly flat by September 2027 (up 0.1%).

Over the 12 months through September 2026, typical home values in 97305 rose 0.4%, per the Zillow Home Value Index.

Will home prices drop in 97305?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 97305 to stay roughly flat by September 2027 (up 0.1%), after a 0.4% 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.

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The comparison

How do 97305 home prices compare?

97305$418,280
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 97305 has 84 homes for sale as of September 2026, with 20 new listings entering the market. The median days on market of 61 suggests a slower sales pace in this area. A notable 31.6% of current listings have seen price reductions, indicating seller flexibility in the face of modest buyer demand. The small year-over-year appreciation of 0.4% reflects a cooling market. If you're considering selling, expect a measured sales cycle and be prepared to price competitively.

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Down payment20% · $83,656

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Common questions

What people ask us.

How much is a typical home worth in Salem 97305?

The typical home value is $420,587, up 0.4% over the past year as of August 2026.

How long do homes take to sell in Salem 97305?

The median days on market is 61 days as of September 2026.

What share of listings have had price cuts?

As of September 2026, 31.6% of listings in Salem 97305 have had a price reduction.

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