Over the latest rolling three-month period ending in April 2026, Northeast Neighbors has seen home values ease compared to a year ago. The typical home value is down more than 11 percent year over year, even as the broader Salem market has slipped only slightly. Listing prices have dipped more modestly over the past year, suggesting sellers are adjusting but not drastically undercutting asking prices.
At the same time, activity has picked up noticeably from last year. Homes sold are up around 13 percent year over year, while new listings have jumped more than 50 percent and pending sales are up nearly 40 percent, pointing to stronger buyer and seller engagement. Inventory has grown, with months of supply more than doubling over the year to about 3.3 months, still slightly tighter than Salem overall.
Homes in Northeast Neighbors are taking a bit longer to go under contract, with a current median of 53 days on market in this rolling period. Even with that slower pace, roughly 35 percent of sales are closing above list price and the average sale-to-list ratio is just over 100 percent, indicating buyers are still willing to pay near or slightly above asking for the right home. With changing prices, more listings, and solid demand, both buyers and sellers can benefit from an Agent Pronto–recommended real estate agent who understands these neighborhood trends.
