Market Intelligence · OR / Salem

Salem, OR 97306 Housing Market

The typical home value in Salem's 97306 ZIP code is $499,133, down 0.1% over the past year. The median list price sits at $573,250, and homes are taking a median of 41 days on market as of June 1, 2026.

Updated June 2026Median value$499K

The median home value in Salem, OR 97306 is $499K as of June 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

$459K to $539K

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: $500K in Jun 2025 to $499K in Jun 2026 (-0.1%).

Jun 2025$500K

Jun 2026$499K

The numbers

What is the 97306 housing market like?

Typical home value

$499K

Down0.1%YoY

Median list price

$573K

Days on market

41

Down33.9%MoM

Homes for sale

138

Price cuts

22.0%

New listings

78

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

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The comparison

How do 97306 home prices compare?

  • 97306$499,133
  • 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 138 homes for sale in 97306, with 78 new listings entering the market. The median list price is $573,250, while the typical home value is $499,133, down 0.1% over the past year. Homes are spending a median of 41 days on market, and 22.0% of listings have had a price cut. For sellers, this points to a market that has cooled slightly, so pricing carefully and setting realistic expectations matters.

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