Salem & Keizer Real Estate Market Update – April 2026 (What Buyers & Sellers Need to Know)

What’s Happening in the Salem & Keizer Housing Market?

If you’ve been wondering whether it’s a good time to buy or sell in Salem or Keizer, the latest numbers give us a really clear picture of where the market is heading.

Based on the most recent data, the market is showing a mix of stabilizing prices, increasing activity, and still-limited inventory—which creates opportunities on both sides.

Key Market Stats (April 2026)

Here’s a quick snapshot of what’s happening right now:

• Median Sales Price: $436,498
• Closed Sales: 178 homes
• New Listings: 240
• Active Inventory: 407 homes
• Median Days on Market: 64 days
• Median Price per Sq Ft: $264
• List Price Received: 99.1%
• Months Supply of Inventory: 2.3 months

Home Prices Are Holding Steady

The median home price is sitting at $436,498, which is:

• Slightly down 0.8% from last month
• Down just 0.5% year-over-year

👉 What this means:
Prices aren’t crashing—they’re leveling out, which is actually a healthier, more balanced market compared to the rapid increases we saw in past years.

More Homes Are Hitting the Market

We’re seeing a noticeable increase in inventory and listings:

• New listings are up 14.8% from last month
• Inventory is sitting at 407 active homes

👉 For buyers:
You have more options and slightly less competition

👉 For sellers:
You need to be strategic with pricing and presentation

Homes Are Taking a Bit Longer to Sell

The median days on market is now 64 days, which is:

• Down slightly month-to-month
• But still longer compared to the ultra-fast market we had before

👉 What this means:

• Buyers have a little more time to make decisions
• Sellers may need patience and strong marketing

Still a Seller-Leaning Market (But Shifting)

With 2.3 months of inventory, we’re still technically in a seller’s market—but it’s not as intense as before.

A balanced market is typically around 4–6 months of inventory, so we’re:
➡️ Moving toward balance
➡️ But still favoring sellers slightly

What This Means for Buyers

This is actually one of the more favorable markets buyers have seen in a while:

• More homes to choose from
• Slightly less competition
• More room for negotiation

👉 If you’re thinking about making a move, you might also want to read:
Moving to Salem Oregon? What People Love About Living Here

What This Means for Sellers

Homes are still selling—but strategy matters more now.

Successful sellers are:

• Pricing correctly from the start
• Preparing their home well
• Marketing effectively

The Bigger Picture

Overall, the Salem and Keizer market is transitioning into something more balanced:

• Prices are stabilizing
• Inventory is increasing
• Buyer activity is still strong

That combination creates a more normal, sustainable market—which is actually a good thing long-term.

Final Thoughts

April 2026 is showing us a market that’s adjusting—not declining.

Whether you’re buying, selling, or just keeping an eye on things, understanding these trends can help you make smarter decisions.

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