If you need assistance, please call 503-485-1900

Salem Market Report

$512,100

AVERAGE PRICE OF 762 HOMES

$322,325

AVERAGE PRICE OF 2 DISTRESSED HOMES

$1,486,565

AVERAGE PRICE OF 27 MULTI-MILLION DOLLAR HOMES

$584,223

AVERAGE PRICE OF 115 NEWLY BUILT HOMES

$626,359

AVERAGE PRICE OF 30 HOMES WITH A POOL

$456,416

AVERAGE PRICE OF 57 REDUCED PRICE HOMES

Average Home

Average Price $512,100
Avg Bedrooms 3.34 beds
Avg Bathrooms 2.4 baths

Average Price by Bedrooms

1 bedroom $424,780
2 bedrooms $302,884
3 bedrooms $476,667
4 bedrooms $583,328
5 bedrooms $730,022
Salem Home Price Trends
  8/2022 7/2022 6/2022 5/2022 4/2022
Total Listings 734 709 n/a n/a n/a
Average Price $520,509 $528,151 n/a n/a n/a
Avg Price Change -1.47% n/a n/a n/a n/a
Median Price $461,790 $465,437 n/a n/a n/a
Med Price Change -0.79% n/a n/a n/a n/a
Avg Bedrooms 3.29 beds 3.29 beds n/a n/a n/a
Avg Bathrooms 2.37 baths 2.39 baths n/a n/a n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 83 $400,410 51 days
North Salem 108 $451,319 61 days
South Salem 160 $513,097 56 days
Sprague 159 $575,325 52 days
West Salem 119 $583,820 45 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 762 $512,100 52 days
Distressed Homes 2 $322,325 35 days
Multi-Million Dollar Homes 27 $1,486,565 110 days
Newly Built Homes 115 $584,223 78 days
Homes with a Pool 30 $626,359 44 days
Reduced Price Homes 57 $456,416 45 days
Blum Real Estate
The Blum Team
735 Commercial St. SE
Salem, OR 97301
503-485-1900

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