Salem, OR
Housing market overview · Updated weekly
$425,000median sale price
Homes sold
117
Last 12 weeks
Days on market
75
Average pace
Active listings
498
4.3 months supply
Sale-to-list
99.0%
Below asking
The Salem housing market is currently classified as a leaning buyer's with a median sale price of $425,000. Prices have fallen 1.2% compared to last year, with homes spending an average of 75 days on market, indicating 4.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Salem?
The median home sale price in Salem is $425,000, down 1.2% from last year.
How long do homes stay on market in Salem?
Homes typically spend 75 days on market before going under contract.
Is Salem a buyer's or seller's market?
With 4.3 months of supply, Salem is currently a leaning buyer's.
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