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Market Intelligence · OR / Salem

Salem, OR 97317 Housing Market

The typical home value in Salem, OR 97317 is $453,407, up 0.7% over the past year as of September 2026. The median list price is $826,213, and homes spend a median of 73 days on the market.

Updated September 2026Median value$453K

The median home value in Salem, OR 97317 is $453K as of September 2026, up 0.7% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 97317 range

$417K to $490K

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

+0.7% over 12 months

Typical home value in 97317 over the last 12 months: $450K in Sep 2025 to $453K in Sep 2026 (+0.7%).

Sep 2025$450K

Sep 2026$453K

The numbers

What is the 97317 housing market like?

Typical home value

$453K

Up0.7%YoY

Median list price

$826K

Up22.4%MoM

Days on market

73

Up2.8%MoM

Homes for sale

56

Down1.8%MoM

Price cuts

27.4%

Up4.3%MoM

New listings

12

Flat0.0%MoM

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

The outlook

97317 housing market forecast 2027

0.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 97317 to stay roughly flat by September 2027 (no change).

Over the 12 months through September 2026, typical home values in 97317 rose 0.7%, per the Zillow Home Value Index.

Will home prices drop in 97317?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 97317 to stay roughly flat by September 2027 (no change), after a 0.7% 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 97317 home prices compare?

  • 97317$453,407
  • 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

As of September 2026, there are 56 homes for sale in 97317, with 12 new listings coming on the market. The median list price of $826,213 sits well above the typical home value of $453,407, which suggests the active inventory skews toward higher priced properties. Homes are taking a median of 73 days to sell, and 27.4% of listings have had a price cut. Overall value growth has been modest, with the typical value up 0.7% over the past year. For a seller, the picture is one of patient buyers and realistic pricing rather than fast bidding wars.

Monthly payment

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20% · $90,681

Common questions

What people ask us.

How much is a home in 97317 worth?

The typical home value in 97317 is $453,407 as of September 2026, up 0.7% over the past year.

How long does it take to sell a home in 97317?

Homes in 97317 spend a median of 73 days on the market as of September 2026.

Are sellers cutting prices in 97317?

As of September 2026, 27.4% of listings in 97317 have had a price cut, and the median list price is $826,213.

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