Salem, OR Housing Market

Salem, OR's median home value is $455K, up 2.6% over the past year. Homes here sell in a median 49 days. Its PropertyIQ Score of 15 sits below the state average of 50, marking a market positioned to lag its state over the next three years.

PropertyIQ tracks the Salem, OR housing market through two complementary lenses: price momentum from Zillow home-value trends over 3 and 12 months, and demand pressure from how quickly homes sell and how often sellers cut prices, drawn from Realtor.com. The PropertyIQ Score distills these into one number that predicts how this OR market is set to perform against its state benchmark.

Pacific Coast housing markets feature the nation's highest price points alongside strong wage growth from technology, entertainment, and trade sectors. Supply constraints from geographic barriers and regulatory environments create persistent affordability challenges but also strong long-term appreciation potential. Within the Pacific, Salem, OR's PropertyIQ Score of 15 runs below the Pacific norm.

Each month, PropertyIQ updates its score for Salem, OR using four inputs: Zillow ZHVI twelve-month and three-month momentum, Realtor.com median days on market, and the Realtor.com share of listings with price cuts. These four signals are combined into a single 1 to 99 score computed across all metro markets and calibrated so 50 represents the state average, making it a direct read of how this market is positioned to perform relative to its state.

Use PropertyIQ's interactive analytics to compare Salem, OR against any other US metro on its PropertyIQ Score and underlying metrics. Generate a free AI market report, explore historical trends on the graphs page, or see how this market ranks on the scores dashboard.