Metropolitan market · Oregon · June 2026 data

Salem Real Estate Market

The Salem, OR housing market as of June 2026 — real median listing price, market pace, inventory and supply, from public records and industry data. Prepare a client-ready Salem report in a click.

Median listing price
$529,450
▼ 3.4% YoY
Median $ / sq ft
$287
1,920 sq ft median
Median days on market
48
June 2026
Active listings
1,280
For sale now
New listings
568
June 2026
Listings with price cuts
24%
Share of active
Median sale price (closed)
$458,497
▼ 1.8% YoY · closed sales
Sale-to-list ratio
99.5%
Closed sales
Homes sold / month
354
Closed sales
Median listing price trend
$550K$542K$535K$527K Q3'24Q4'24Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26

Median listing price, Salem OR · trailing 8 quarters · source: public records and industry data.

The 10-year view
$548K$485K$423K$360K '17'18'19'20'21'22'23'24'25'26

10-year median listing price, Salem OR · June of each year, 2017–2026 · source: public records and industry data.

Supply snapshot
Active listings
1,280
New this month
568
Pending
530
Price-reduced
311

As of June 2026, the median home listed in Salem, OR asks $529,450 — down 3.4% from a year ago. Homes are taking a median of 48 days to go under contract, and 24% of the 1,280 active listings have taken a price cut, which points to a balanced market. Figures cover the Salem, OR metro area. Based on public records and industry data, updated monthly.

Investment snapshot
Investor Score
43/100
#613 of 932 covered metros
12-month outlook
-2.0%
▼ Cooling · model output, not advice
Price volatility
High
σ 7.4% · 20-yr price-index swings
Momentum
44
Value
37
Rental yield
37
Supply risk
65
Market heat
65

Salem scores 43/100 on our composite Investor Score (#613 of 932 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; the metro's long-run house price index has it up 36% over five years and +112% over ten, leaving prices 50% above its own 2000–2019 trend; at the published FY2026 fair market rent of $1,560/mo for a two-bedroom, the gross rental yield on the median listing is about 3.5%; active inventory sits at 102% of its June 2019 level, so supply is fully rebuilt past pre-pandemic norms; listing prices are down 3.4% year over year; all against a national 30-year fixed mortgage rate of 6.43% (national weekly average, 2026-07-02).

Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Salem ranks on the trending markets index.

What mortgage rates do to the payment
If rates fall 1% · 5.43%
$2,386/mo
−$271/mo vs today
At today's rate · 6.43%
$2,658/mo
National weekly average
If rates rise 1% · 7.43%
$2,941/mo
+$284/mo vs today

Principal & interest on the $529,450 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 6.43% (national weekly average, 2026-07-02). Model a full deal in the deal analyzer.

Growth, supply pipeline & risk
Building permits (2025)
1,425
▼ 19.4% vs 2024
3.3 per 1,000 residents
Net migration (2022–2023)
-512
▼ people, via tax-return records
net income flow +$13.9M/yr
Job growth (YoY)
+0.2%
▲ 190.2k nonfarm jobs · May 2026
Natural-hazard risk
Relatively High
National hazard index · top hazard: Earthquake

Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.

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Salem market FAQs

What is the median home price in Salem?
As of June 2026, the median listing price in Salem, OR is $529,450, down 3.4% year over year (source: public records and industry data). Figures cover the Salem, OR metro area.
How fast are homes selling in Salem?
The median property in Salem spends 48 days on the market, with 1,280 homes actively listed and 24% of them carrying a price cut — a balanced market by pace.
Who are the top real estate agents in Salem?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Salem and the wider Oregon market.
Based on public records and industry data, June 2026 — see our methodology for how every figure is computed. Figures cover the Salem, OR metro area. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.