Is Salem, OR 97302 a buyer’s or seller’s market?

The Salem housing market right now

In the three months ending August 31, 2026, 21% of homes in Salem, OR 97302 sold above their list price, the typical home went under contract in 58 days and there were 3.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 143 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 26%, homes sold about as fast and the median sale price held steady to $486,789. Overall, Salem is less competitive than a year ago, which gives buyers more room.

Within Marion County, homes here sell more slowly than in 59% of the county’s ZIP codes, and sell less often over asking than in 68%. On our competition score, Salem ranks #107 of 170 OR ZIP codes with enough sales (score 41 out of 100).

Nearby, buyers who want less competition could look at Gates 97346 (0% sold over asking) or Detroit 97342 (0% sold over asking), while Donald 97020 (100% sold over asking) and Hubbard 97032 (38% sold over asking) are even more competitive.