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Salem Housing Market

$444,998

1.4% 1-yr

The average Salem home value is $444,998, up 1.4% over the past year and goes to pending in around 20 days.

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.

Learn more about the Zillow Home Value Index

Salem Key Takeaways

Typical Home Values: $444,998

1-year Value Change: +1.4%

(Data through March 31, 2025)

Salem Housing Market Overview

--1-year Market Forecast
951For sale inventory(March 31, 2025)
290New listings(March 31, 2025)
1.000Median sale to list ratio(February 28, 2025)
$426,667Median sale price(February 28, 2025)
$508,150Median list price(March 31, 2025)
27.2%Percent of sales over list price(February 28, 2025)
43.5%Percent of sales under list price(February 28, 2025)
20Median days to pending(March 31, 2025)
(Metric availability is based on market coverage and data)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Hazel Green

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Salem Rental Market Trends

$1,734Average rent in Salem(March 31, 2025)
$2,005National average rent(March 31, 2025)
0.6%Month-over-month change(March 31, 2025)
3.3%Year-over-year change(March 31, 2025)
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.

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