What the Pros Know

25,600

Population

0.4% YoY

2023

39

Median Age

4.4% YoY

2022

$68,402

Median Household Income

2.9% YoY

2022

13,343

Labor Force

0.5% MoM

0.7% YoY

7/2025

12,875

Employed

0.9% MoM

0.8% YoY

7/2025

3.5%

Unemployment Rate

7.9% MoM

2.9% YoY

7/2025

$317,500

Median Sale Price

8.7% MoM

22.1% YoY

8/2025

30

Homes Sold

66.7% MoM

57.9% YoY

8/2025

2.1

Months Inventory

28.6% MoM

5% YoY

8/2025

17

Days on Market

18 MoM

11 YoY

8/2025

63

Listings

18.9% MoM

65.8% YoY

8/2025

144

Price per Sq Ft

13.4% MoM

18.7% YoY

8/2025

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Cities included in Salem: Salem


 1.  Population Data from U.S. Census Bureau.
 2.  Employment Data from Bureau of Labor and Statistics
 3.  Sales Data provided by Redfin, a national real estate brokerage.

MoM = Month over Month. The percentage change from the previous month to the current month.
YoY = Year over Year. The percentage change from the same period the previous year to the current period.

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