Aug 2026
$451K
+1.4% year-over-year
How it’s calculated
Rolling 3-month median sale price vs. same 3 months one year prior.
Salem, OR
Daily-refreshed real estate signals + Three-Opinion home-price methodology for Salem, OR. Built for agents; free to read.
Salem, OR’s median sale price is $451K as of Aug 2026 — +1.4% year over year. Pecan Street tracks Salem with its Three-Opinion home-price methodology (Redfin, FHFA HPI, and Zillow ZHVI), with no market signals flagged right now.
Headline
Sep 18, 2026
7.04%
30-year fixed
Where it comes from
National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.
The same rate appears on every market page.
Principal & interest
$2,409/mo
$103K/yr income needed
How it’s calculated
Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.
Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.
How Salem compares to other U.S. metros
| Price cuts | ↑38th of 194 (top 20%) |
|---|---|
| Price-to-rent | ↑50th of 195 (top 26%) |
| Days on market | ↑75th of 194 (top 39%) |
| Home-price growth | 110th of 195 |
Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.
Affordability
| Price-to-rent ratio | ≈ 17 +0.9% YoY ↑50th of 195 (top 26%) |
|---|---|
| Asking price / sq ft | $283 -0.9% YoY |
Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Aug 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market pressure
| Listings with a price cut | ≈ 46% -0.9 pts YoY ↑38th of 194 (top 20%) |
|---|---|
| New housing units permitted | 139 |
Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Aug 2026. New housing units authorized by residential building permits in the metro that month — new supply in the pipeline, which counts of existing listings don't capture (US Census Bureau, Building Permits Survey), as of Jul 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market facts
| ZIPs with listing data | 12 shown of 30 |
|---|---|
| MLS board of record | Regional Multiple Listing Service (RMLS) |
| Price methodology | Three-Opinion · Redfin · FHFA HPI · Zillow ZHVI |
| Data as of | Aug 2026 |
Recent signals
No signals flagged for this market right now.
Price reconciliation
normal · 1.6ppRedfin (city) +1.4% | FHFA HPI · Q2 2026 -0.2% |
Year-over-year home-price change from two independent methods — Redfin (monthly sold price) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.
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Start free trialZIP-level data
| ZIP | Median list price | Active listings | New listings | Price reductions | Days on market | Home value |
|---|---|---|---|---|---|---|
| 97071 | $395K↓ | 116↑ | 48↓ | 52↓ | 54↓ | $423K↑ |
| 97301 | $390K↑ | 127↑ | 56↑ | 80↑ | 51↑ | $370K↓ |
| 97302 | $525K↓ | 164↑ | 44↓ | 72↑ | 64↑ | $461K↑ |
| 97303 | $510K↑ | 111↑ | 52↑ | 60↑ | 51↓ | $449K↑ |
| 97304 | $575K↑ | 173↑ | 56↓ | 88↑ | 59↑ | $502K↑ |
| 97305 | $445K↑ | 84↑ | 32↓ | 44↓ | 50↑ | $421K↑ |
| 97306 | $569K↓ | 178↑ | 52↑ | 88↑ | 57↓ | $492K↓ |
| 97317 | $675K↓ | 57↑ | 12↓ | 24↓ | 71↑ | $457K↑ |
| 97338 | $535K↑ | 157↑ | 32↑ | 48↓ | 60↓ | $478K↑ |
| 97361 | $539K↓ | 34↑ | 16↑ | 12↑ | 46↓ | $476K↑ |
| 97381 | $600K↓ | 80↑ | 24↑ | 32↓ | 67↓ | $551K↓ |
| 97383 | $569K↓ | 27↓ | 8 | 12 | 51↓ | $464K↑ |
ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.