Comprehensive market data and analysis• Updated Dec 2025
12.6 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 2 | 8 | 13 | 35 |
| 1-2 acres | - | 2 | 4 | 7 |
| 2-5 acres | 1 | 4 | 9 | 13 |
| 5-10 acres | - | 1 | 2 | 2 |
| 10-20 acres | - | - | - | 3 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | 1 |
| 100+ acres | - | - | - | - |
| TOTAL | 3 | 15 | 28 | 61 |
Acreage buckets
The median price for land in Salem, Oregon is currently $363K per acre. For a typical parcel, the median sale price is $275K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $96K while premium lots reached $700K.
Salem, Oregon is currently a strong buyer's market with 12.6 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 32.2% year-over-year.
Salem, Oregon currently has 12.6 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
The 3-month absorption rate in Salem, Oregon is 7.9%. The 12-month rate is 8.1%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Land in Salem, Oregon typically sells within 137 days of listing. The median time on market is 84 days. Properties are moving slowly in the current strong buyer's market.
The current absorption rate in Salem, Oregon is 7.9% (3-month basis), indicating slow demand. With depreciating values (-32.2% YoY), buyers may find value opportunities. The top-performing broker in this market is Berkshire Hathaway Homeservices R E Prof.
Over the past 12 months, Salem, Oregon saw 61 properties sold, totaling $19.0M in sales volume. In just the last 3 months, 15 properties changed hands.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
