Is Salem, OR 97301 a buyer’s or seller’s market?
Salem is a seller’s market. With about 3.6 months of supply and 27% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply3.6Under 4 months = seller’s market
Sold above original list26.9%Share of sales, last 3 months
Median sale-to-list99.9%Sold price ÷ list price
Median days on market41Listing to accepted offer
Median price per sq ft$260▼ −2.5% vs. last year
Run the numbers for 97301
Nearby markets
Aumsville 97325Seller’s market $327 /sq ftAurora 97002Seller’s market $339 /sq ftDetroit 97342Balanced $397 /sq ftDonald 97020Seller’s market $302 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology