Market Intelligence · OR / Salem

Salem, OR 97317 Housing Market

In Salem, OR 97317, the typical home value is $462,374, up 1.1% over the past year. The median list price is $674,950, and homes spend a median of 71 days on market. Buyers have time to compare options.

Updated August 2026Median value$456K

The median home value in Salem, OR 97317 is $456K as of August 2026, up 1.0% 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 97317 range

$420K to $492K

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

+1.0% over 12 months

Typical home value in 97317 over the last 12 months: $452K in Aug 2025 to $456K in Aug 2026 (+1.0%).

Aug 2025$452K

Aug 2026$456K

The numbers

What is the 97317 housing market like?

Typical home value

$456K

Up1.0%YoY

Median list price

$675K

Up12.6%MoM

Days on market

71

Up29.1%MoM

Homes for sale

57

Up1.8%MoM

Price cuts

26.3%

Flat0.0%MoM

New listings

12

Down25.0%MoM

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

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The comparison

How do 97317 home prices compare?

  • 97317$456,016
  • 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

Salem, OR 97317 has 57 homes for sale and 12 new listings, so supply is present but not overwhelming. The median list price is $674,950, while the typical home value is $462,374 and is up 1.1% over the past year. A median of 71 days on market gives buyers room to inspect and negotiate. With 26.3% of listings showing a price cut, sellers should expect pushback on ambitious pricing. Honest takeaway: price carefully from the start.

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20% · $91,203

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