Altos Market Data for Realtors
Salem, OR 97306
Single-Family Homes
Schedule a demo today at AltosResearch.com
Salem, OR 97306
Fri May 02 2025
This week the median list price for Salem, OR 97306 is $639,900 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has decreased to 90.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Real-Time Market Profile
| Median List Price | $639,900 | |
| Median Price of New Listings | $595,000 | |
| Per Square Foot | $287 | |
| Average Days on Market | 132 | |
| Median Days on Market | 77 | |
| Price Decreased | 37% | |
| Price Increased | 1% | |
| Relisted | 13% | |
| Inventory | 90 | |
| Median Rent | ||
| Market Action | 35 | |
| Slight Seller's Advantage | ||
The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $995,449 | 3,595 | 2.5 - 5 acres | 4 | 3 | 22 | 1 | 1 | 87 |
| $687,400 | 2,533 | 4,500 - 6,500 sqft | 4 | 2.5 | 4 | 4 | 2 | 171 |
| $595,000 | 2,200 | 6,500 - 8,000 sqft | 3 | 2.5 | 9 | 2 | 0 | 56 |
| $489,000 | 1,519 | 6,500 - 8,000 sqft | 3 | 2.5 | 24 | 4 | 3 | 35 |