Home ValuePros

Market Intelligence · OR / Salem

Salem, OR 97306 Housing Market

The typical home in Salem's 97306 ZIP code is worth $498,133, down 0.1% over the past year. The median list price for homes currently on the market is $569,000, and listings spend a median of 57 days on market.

Updated August 2026Median value$492K

The median home value in Salem, OR 97306 is $492K as of August 2026, down 0.1% 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 97306 range

$453K to $531K

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

-0.1% over 12 months

Typical home value in 97306 over the last 12 months: $492K in Aug 2025 to $492K in Aug 2026 (-0.1%).

Aug 2025$492K

Aug 2026$492K

The numbers

What is the 97306 housing market like?

Typical home value

$492K

Down0.1%YoY

Median list price

$569K

Down1.1%MoM

Days on market

57

Up26.7%MoM

Homes for sale

178

Up10.6%MoM

Price cuts

29.1%

Down22.3%MoM

New listings

52

Down16.1%MoM

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

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The comparison

How do 97306 home prices compare?

  • 97306$491,888
  • 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 178 homes for sale in 97306, with 52 new listings coming on the market as of 2026-08-01. Values have been nearly flat, with the typical home value down 0.1% over the past year, while the median list price sits at $569,000. Homes are taking a median of 57 days to sell, and 29.1% of active listings have taken a price cut. That share of cuts suggests some sellers are starting above what buyers will pay. For a seller, the realistic read is that pricing close to market value from the start matters more than testing the top of the range.

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