Salem’s rolling three-month numbers show home values have climbed noticeably compared with a year ago, even as some recent figures have cooled. The typical home value is up about 11 percent year over year, while the median list price is only slightly higher than last year. Supply has expanded, with active listings up more than a third from a year ago, and months of supply rising sharply over the same period.
Looking at the latest rolling three-month period through September 2026, prices sit around the mid-$170,000s for both typical values and list prices, suggesting sellers are pricing close to what buyers ultimately pay. Homes are taking longer to sell than a year ago, with median days on market up to 53 days, and the share of properties selling above list price has eased to about 17 percent.
Even with these shifts, Salem is still classified as a seller’s market, but the higher inventory and slower pace provide buyers with more options and negotiating room. At the same time, sellers must navigate a landscape where fewer homes sell above asking and pricing strategy matters more than it did during earlier, hotter periods. Agent Pronto can connect both buyers and sellers with an experienced local agent who understands these trends and can guide them through their next move in Salem.
