Comprehensive market data and analysis• Updated Oct 2026
29.4 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 2 | 7 | 17 | 31 |
| 1-2 acres | - | - | - | 4 |
| 2-5 acres | - | 2 | 2 | 10 |
| 5-10 acres | - | - | 1 | 3 |
| 10-20 acres | - | 1 | 1 | 1 |
| 20-50 acres | - | - | 1 | 2 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | 1 | 1 |
| TOTAL | 2 | 10 | 23 | 52 |
Acreage buckets
The median price for land in Salem, Oregon is currently $347K per acre. For a typical parcel, the median sale price is $222K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $92K while premium lots reached $669K.
Salem, Oregon is currently a strong buyer's market with 29.4 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 16.9% year-over-year.
Salem, Oregon currently has 29.4 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The 3-month absorption rate in Salem, Oregon is 3.4%. The 12-month rate is 4.4%. 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 111 days of listing. The median time on market is 81 days. Properties are moving at a moderate pace in the current strong buyer's market.
The current absorption rate in Salem, Oregon is 3.4% (3-month basis), indicating slow demand. With depreciating values (-16.9% YoY), buyers may find value opportunities. The top-performing broker in this market is Homesmart Realty Group.
Over the past 12 months, Salem, Oregon saw 52 properties sold, totaling $24.1M in sales volume. In just the last 3 months, 10 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, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Salem on LandyDandy.
Browse land in Salem →Land investors and realtors list on LandyDandy for free. The Starter plan has no listing limit, and your dashboard shows the views, saves and buyer messages for every listing.
List your land free
