Salem, OR Housing Market & Real Estate Update (March 2, 2026)
Salem, OR – March 2, 2026 – Home values hovered near $428K in January, listings stayed active, and days-to-sell remained elevated for many homes.
Recent market trackers point to steadier pricing in Salem, OR, paired with a slower sales tempo than many sellers prefer. With more homes available to choose from and longer timelines to get under contract, the market continues to reward preparation (pricing, condition, and marketing) while giving buyers more time to evaluate options.
Top takeaways
- Pricing benchmark held near $428K in January 2026. Redfin’s January 2026 median sale price was about $428K (down 1.3% year over year), and Zillow’s typical home value sat near $428K through January 31, 2026.
- Homes are taking longer to move. Market speed remained moderate, with roughly 74 days on market (Redfin) and about 50 days to pending (Zillow).
- Selection stayed active across major portals. Inventory was described as ample, with roughly 619–791 homes for sale across large listing sites.Â
Market snapshot
Sales volume looked softer in January. Redfin reported 103 homes sold in January 2026, fewer than a year earlier, a sign that buyers may be more selective and willing to wait for the right fit. On the listing side, Zillow reported 120 new listings for the month. Zillow also cited an average rent around $1,642.Â
What to watch next
- List vs. sale price gap. Realtor.com showed a median listing price around $499K, which can indicate negotiation room between list prices and closed-sale benchmarks.Â
- Timing and terms matter more when days-to-sell runs longer. Longer marketing periods can favor buyers who can stay flexible on closing dates and repairs, while sellers may need to be proactive on concessions, presentation, and pricing strategy.Â
What are you seeing locally—more price cuts, more multiple-offer homes, or more rentals coming to market?