Is Salem, OR 97305 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Salem is a seller’s market. With about 3.2 months of supply and 33% 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 supply3.2Under 4 months = seller’s market

Sold above original list33.3%Share of sales, last 3 months

Median sale-to-list99.8%Sold price ÷ list price

Median days on market49Listing to accepted offer

Median price per sq ft$277▲ +8.1% vs. last year

Run the numbers for 97305

Prefilled for 97305Can I win this house?Multiple-offer likelihood for a listing Prefilled for 97305Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Aumsville 97325Seller’s market $327 /sq ft Aurora 97002Seller’s market $339 /sq ft Detroit 97342Balanced $397 /sq ft Donald 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