How much does it cost to buy a house in Salem, OR?

In May 2026 Salem homes were listed to buy for a median price of $509K, The median value of a home listed to buy in Salem in May 2026 was $259 per sqft, which is a 2% decrease to April 2025 last month, and a 1% decrease to May 2025 last year.

Is it affordable or expensive to buy real estate in Salem, OR?

It is expensive to buy a house in Salem. Buying a home in Salem is 1% more expensive compared with the national average.

Is it a good time to buy real estate in Salem, OR?

Yes now is a good time to buy property in Salem, in May 2026, homes in Salem have decreased in value (price per sqft) by 1% in the last year compared with May 2025.

Is the Salem, OR housing market slowing down?

In May 2026, homes for sale in Salem spent a median of 61 days on the market, a same May 2025 last year.

What are the best and safest places to live in Salem, OR?

The best and safest neighborhoods to live in Salem in May 2026 are Willamette, South Salem, West Salem, South Gateway, Brooklane, Sunnyslope, Downtown Corvallis, North Lancaster, South Central, Morningside, Northgate, Faye Wright, Grant, Northeast Neighbors, Southeast Salem, East Lancaster, Lansing, Northeast Salem, Highland, Southeast Mill Creek

How much money should I make to buy a house in Salem, OR?

In May 2026, Salem homes were listed to buy for a median price of $509K, with 25% down you would need $2.87K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $98.4K.

Is it a good time to sell my house in Salem, OR?

Yes now is a good time to sell your house in Salem, in May 2026, homes in Salem have decreased in value (price per sqft) by 1% in the last year compared with May 2025.