$34,995
- 2 bd
- 1 ba
- 520 sqft
1940 Lana Ave NE Unit 11
Salem, OR Housing Market
$432,418
0.3% 1-yrThe average Salem, OR home value is $432,418, up 0.3% over the past year, and homes go to pending in around 35 days. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Salem Key Takeaways
Typical Home Values: $432,418
1-Year Value Change: +0.3%
(Data through September 30, 2026)
Salem Housing Market Overview
1-Year Market Forecast: --
For Sale Inventory: 904 ()
New Listings: 219 ()
Median Sale to List Ratio: 1.000 ()
Median Sale Price: $443,000 ()
Median List Price: $476,083 ()
Percent of Sales Over List Price: 30.5% ()
Percent of Sales Under List Price: 41.7% ()
Median Days to Pending: 35 ()
(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Neighborhoods in Salem
- NameMedian ZHVI
- Morningside$453,440
- Southeast Salem$321,451
- Southeast Mill Creek$403,649
- Faye Wright$419,100
- South Central$413,606
- Four Corners$390,997
- South Gateway$488,719
- North East Salem$372,110
- Northeast Neighbors$362,528
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Salem Rental Market Trends
Average Rent: $1,611 ()
National Average Rent: $1,932 ()
Month-Over-Month Change: 0% ()
Year-Over-Year Change: 0% ()
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are current home values in Salem, OR?
The median home value in Salem, OR is $432,418 as of September 2026. This represents a 0.0% increase compared to last month and a 0.3% increase year-over-year.
How have home values changed in Salem, OR?
Home values in Salem, OR have increased by 0.0% month-over-month and 0.3% year-over-year.
How do home values in Salem, OR compare to Marion County, Oregon, and the national average?
The median home value in Salem, OR ($432,418) compares to: Marion County ($439,746), Oregon ($492,753), and the U.S. national median ($366,157).
