| Metric | Latest | Detail |
|---|---|---|
| Median listing price | $529,450 | -3.4% YoY |
| Median price per sq ft | $287 | 1,920 sq ft median |
| Median days on market | 48 | -6% YoY |
| Active listings | 1,280 | +14% YoY |
| New listings this month | 568 | June 2026 |
| Listings with a price cut | 24% | Share of active |
| Median sale price (closed) | $458,497 | -1.8% YoY |
| Sale-to-list ratio | 99.5% | Closed sales |
| Gross rental yield | 3.5% | 2BR fair market rent |
Metropolitan market · Oregon · June 2026 data
Salem Real Estate Market
As of June 2026, the median home listed in Salem, OR asks $529,450 — down 3.4% year over year. Homes sell in a median of 48 days, with 1,280 active listings and 24% carrying a price cut — a balanced market. Figures come from public records and industry data, updated monthly.
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
Salem housing market statistics
The table summarizes Salem's key housing figures for June 2026 — median listing and closed-sale prices, market pace, inventory and rental yield — each computed from public records and industry data.
How have home prices changed in Salem?
Salem home prices are down 3.4% year over year and +0.1% month over month as of June 2026, at a $529,450 median listing price. The chart tracks the trailing eight-quarter trend in the metro's median asking price.
Median listing price, Salem OR · trailing 8 quarters · source: public records and industry data.
The 10-year view
10-year median listing price, Salem OR · June of each year, 2017–2026 · source: public records and industry data.
How much inventory is on the market in Salem?
Salem has 1,280 active listings, 568 new this month, 530 pending as of June 2026. About 24% of active listings have cut their price, and inventory sits at 102% of its 2019 level — a balanced market by pace.
Is Salem a good real estate investment?
Salem scores 43/100 on WealthyBud's composite Investor Score, ranking #613 of 932 covered U.S. metros as of June 2026. The score blends price momentum, value, rental yield, supply and market heat into one percentile. It is a research opinion, not advice.
Investor Score
43/100
#613 of 932 covered metros
Price volatility
High
σ 7.4% · 20-yr price-index swings
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.
How much is a monthly mortgage payment in Salem?
A home at Salem's $529,450 median listing runs about $2,658 a month in principal and interest — 20% down on a 30-year fixed loan at the current 6.43% national average rate. Taxes, insurance and HOA are extra.
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.
What is driving the Salem housing market?
Longer-run demand in Salem shows up in 1,425 homes permitted in 2025; net migration of -512 residents; +0.2% job growth. Natural-hazard risk rates Relatively High. These federal supply-pipeline, migration and jobs signals shape where prices head next.
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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ReadSalem housing market FAQ
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 much does it cost to buy a home in Salem?
The median home listed in Salem asks $529,450 as of June 2026. With 20% down on a 30-year fixed loan at the current 6.43% national average rate, that runs about $2,658 a month in principal and interest, before taxes, insurance and HOA.
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 as of June 2026.
Is it a buyer's or seller's market in Salem?
With a median 48 days on market and 24% of active listings carrying a price cut, Salem reads as a balanced market as of June 2026. Faster sales and fewer price cuts favor sellers; slower sales and more cuts favor buyers. Conditions shift monthly.
Is Salem a good place to invest in real estate?
Salem scores 43/100 on WealthyBud's Investor Score, ranking #613 of 932 covered U.S. metros as of June 2026. The score blends price momentum, value, rental yield, supply and market heat. It is a data-derived research opinion, not investment advice.
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, ranked by recent sales from public profile data.
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.
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