Salem housing market
September 2026 · All Residences
Salem's median sale price fell 0.8% compared with the same month last year. Homes sold more slowly than a year ago, at a median of 33 days on market. Sellers received a median 99.4% of their final list price.
What this means for sellers
Recent sales are the best guide to pricing. A considered launch usually matters more than timing the market.
What this means for buyers
There is a reasonable selection of homes, giving time to compare options before making an offer.
Key figures
Closed sales: 48 this month · 140 last 3 months · 464 trailing 12 months
Median days on market
33 days
Prior month: 24 days · MoM +37.5%
Last year: 21 days · YoY +57.1%
Average days on market
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Prior month: — · MoM: —
Last year: — · YoY: —
Cumulative days on market
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Closed sales (month)
48
Prior month: 40 · MoM +20%
Last year: 38 · YoY +26.3%
Median sale price
$583,500
Prior month: $574,050 · MoM +1.6%
Last year: $588,500 · YoY -0.8%
Average sale price
$635,741
Prior month: $596,938 · MoM +6.5%
Last year: $659,000 · YoY -3.5%
Median price per sq ft
$446
Prior month: $397 · MoM +12.3%
Last year: $372 · YoY +19.9%
New listings
71
Prior month: 54 · MoM +31.5%
Last year: 52 · YoY +36.5%
Active inventory
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Pending sales
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Months of supply
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Absorption rate
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Last year: — · YoY: —
Sale-to-list ratio
99.4%
Prior month: 100% · MoM -0.6%
Last year: 100.1% · YoY -0.7%
Sold over asking
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Prior month: — · MoM: —
Last year: — · YoY: —
With price reductions
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Trends
Median sale price moved from $600,000 in October 2024 to $583,500 in September 2026.
View as table
| Month | Median price |
|---|---|
| October 2024 | $600,000 |
| November 2024 | $605,000 |
| December 2024 | $585,000 |
| January 2025 | $635,000 |
| February 2025 | $518,507 |
| March 2025 | $638,250 |
| April 2025 | $600,000 |
| May 2025 | $591,000 |
| June 2025 | $652,500 |
| July 2025 | $635,000 |
| August 2025 | $589,000 |
| September 2025 | $588,500 |
| October 2025 | $569,900 |
| November 2025 | $602,500 |
| December 2025 | $685,000 |
| January 2026 | $539,000 |
| February 2026 | $655,000 |
| March 2026 | $603,000 |
| April 2026 | $575,000 |
| May 2026 | $602,500 |
| June 2026 | $635,000 |
| July 2026 | $628,000 |
| August 2026 | $574,050 |
| September 2026 | $583,500 |
In September 2026: 48 closed sales and 71 new listings.
View as table
| Month | Closed sales | New listings |
|---|---|---|
| October 2024 | 50 | 40 |
| November 2024 | 39 | 43 |
| December 2024 | 43 | 20 |
| January 2025 | 38 | 37 |
| February 2025 | 14 | 33 |
| March 2025 | 34 | 56 |
| April 2025 | 35 | 68 |
| May 2025 | 52 | 73 |
| June 2025 | 48 | 69 |
| July 2025 | 44 | 63 |
| August 2025 | 53 | 50 |
| September 2025 | 38 | 52 |
| October 2025 | 45 | 34 |
| November 2025 | 38 | 40 |
| December 2025 | 31 | 23 |
| January 2026 | 23 | 32 |
| February 2026 | 22 | 29 |
| March 2026 | 36 | 50 |
| April 2026 | 32 | 70 |
| May 2026 | 38 | 73 |
| June 2026 | 59 | 87 |
| July 2026 | 52 | 58 |
| August 2026 | 40 | 54 |
| September 2026 | 48 | 71 |
Days on market moved from 21 in October 2024 to 33 in September 2026.
View as table
| Month | Median days |
|---|---|
| October 2024 | 21 |
| November 2024 | 21 |
| December 2024 | 22 |
| January 2025 | 23 |
| February 2025 | 22 |
| March 2025 | 21 |
| April 2025 | 18 |
| May 2025 | 19 |
| June 2025 | 21 |
| July 2025 | 20 |
| August 2025 | 22 |
| September 2025 | 21 |
| October 2025 | 33 |
| November 2025 | 32 |
| December 2025 | 21 |
| January 2026 | 21 |
| February 2026 | 35 |
| March 2026 | 32 |
| April 2026 | 22 |
| May 2026 | 20 |
| June 2026 | 21 |
| July 2026 | 23 |
| August 2026 | 24 |
| September 2026 | 33 |
Months of supply: not enough history yet.
View as table
| Month | Months |
|---|---|
| October 2024 | — |
| November 2024 | — |
| December 2024 | — |
| January 2025 | — |
| February 2025 | — |
| March 2025 | — |
| April 2025 | — |
| May 2025 | — |
| June 2025 | — |
| July 2025 | — |
| August 2025 | — |
| September 2025 | — |
| October 2025 | — |
| November 2025 | — |
| December 2025 | — |
| January 2026 | — |
| February 2026 | — |
| March 2026 | — |
| April 2026 | — |
| May 2026 | — |
| June 2026 | — |
| July 2026 | — |
| August 2026 | — |
| September 2026 | — |
Sale-to-list ratio moved from 100.1% in October 2024 to 99.4% in September 2026.
View as table
| Month | % of list |
|---|---|
| October 2024 | 100.1% |
| November 2024 | 100.1% |
| December 2024 | 100.2% |
| January 2025 | 100.1% |
| February 2025 | 101.1% |
| March 2025 | 101.3% |
| April 2025 | 100.8% |
| May 2025 | 103% |
| June 2025 | 100.2% |
| July 2025 | 100.9% |
| August 2025 | 100.1% |
| September 2025 | 100.1% |
| October 2025 | 99.3% |
| November 2025 | 99.6% |
| December 2025 | 98.9% |
| January 2026 | 100% |
| February 2026 | 97.3% |
| March 2026 | 100% |
| April 2026 | 100% |
| May 2026 | 100% |
| June 2026 | 100.1% |
| July 2026 | 100% |
| August 2026 | 100% |
| September 2026 | 99.4% |