The Salem housing market is somewhat competitive. Homes in Salem receive 2 offers on average and sell in around 43 days. The median sale price of a home in Salem was $449K last month, down 1.4% since last year. The median sale price per square foot in Salem is $271, up 8.4% since last year.
In May 2025, Salem home prices were down 1.4% compared to last year, selling for a median price of $449K. On average, homes in Salem sell after 43 days on the market compared to 46 days last year. There were 167 homes sold in May this year, down from 188 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$448,500
-1.4% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Salem, OR
$448,500
-1.4%
United States
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How hot is the Salem housing market?
Salem is somewhat competitive. Homes sell in 43 days.
0
100
62
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for around list price and go pending in around 43 days.
Hot homes
can sell for about 2% above list price and go pending in around 16 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Salem
Explore recent offers and recently sold homes in Salem
Recent offers
Offer Not Accepted|
12 Weeks Ago
~$450K Offer
Sold for $450K
3bd | 2ba | ~1,500sqft
Over List Price
2%
Days on Market
18
Competing Offers
0
Down Payment
<10%
Tara Cowlthorp
Salem Redfin Agent
Seller could not accept an FHA financed offer. Seller bought the house 2 months ago and FHA requires 90 days prior to offer acceptance.…
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Salem housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Salem.
Flood Factor - Major
17% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Salem has a major risk of flooding. 4,796 properties in Salem are likely to be
severely affected
by flooding over the next 30 years. This represents 17% of all properties in Salem. Flood risk is increasing slower than the national average.
71% of properties are at risk of wildfire over the next 30 years
Fire Factor
Salem has a moderate risk of wildfire. There are 36,927 properties in Salem that have some risk of being affected by wildfire over the next 30 years. This represents 71% of all properties in Salem.