The story of this market
The typical home in ZIP 97337 sells for about $458,497, or $287 per square foot.
Prices are down 1.8% from a year ago, which gives buyers more room to negotiate. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $1,650 a month.
ZIP 97337
The Salem housing market is currently experiencing a period of stabilization with a slight year-over-year decline in closed sale prices. Inventory levels remain balanced, and the market is seeing a moderate share of price reductions as buyers and sellers adjust to current interest rate environments.
Median prices moved down 1.8% year over year.
Homes spend a median of 48 days on market with 3.6 months of supply — a fast-moving market.
24% of listings have cut prices · homes sell at 99.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 13.5% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 97337, Salem, Oregon
Data retrieved from data.census.gov ZCTA-level tables.
- Taylor Park Trading Post4.42.2 mi
- Gunnison National Forest4.811.4 mi
- Denny Creek Trailhead4.810.9 mi
- Silver Plume Rentals512.7 mi
- St. Elmo, CO4.712 mi
- Taylor Park Trading Post4.42.2 mi
- Gunnison National Forest4.811.4 mi
- Denny Creek Trailhead4.810.9 mi
- Cottonwood Pass57.1 mi
- Taylor Park Marina4.83.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.