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Salem Market Report

$426,799

AVERAGE PRICE OF 662 HOMES

$294,300

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,366,047

AVERAGE PRICE OF 19 MULTI-MILLION DOLLAR HOMES

$409,673

AVERAGE PRICE OF 96 NEWLY BUILT HOMES

$594,298

AVERAGE PRICE OF 39 HOMES WITH A POOL

$413,476

AVERAGE PRICE OF 17 REDUCED PRICE HOMES

Average Home

Average Price $426,799
Avg Bedrooms 3.34 beds
Avg Bathrooms 2.31 baths

Average Price by Bedrooms

1 bedroom $526,700
2 bedrooms $253,449
3 bedrooms $362,599
4 bedrooms $556,436
5 bedrooms $596,778
Salem Home Price Trends
  9/2020 8/2020 7/2020 6/2020 5/2020
Total Listings 710 738 738 746 746
Average Price $424,989 $417,040 $420,314 $419,958 $426,881
Avg Price Change +1.91% -0.79% +0.08% -1.65% +1.95%
Median Price $351,100 $349,853 $352,575 $350,734 $349,233
Med Price Change +0.36% -0.78% +0.52% +0.43% +0.51%
Avg Bedrooms 3.29 beds 3.3 beds 3.33 beds 3.33 beds 3.33 beds
Avg Bathrooms 2.29 baths 2.26 baths 2.29 baths 2.32 baths 2.34 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 67 $311,111 37 days
North Salem 71 $364,959 48 days
South Salem 123 $424,044 57 days
Sprague 180 $493,453 51 days
West Salem 92 $516,699 81 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 662 $426,799 55 days
Distressed Homes 1 $294,300 36 days
Multi-Million Dollar Homes 19 $1,366,047 126 days
Newly Built Homes 96 $409,673 64 days
Homes with a Pool 39 $594,298 76 days
Reduced Price Homes 17 $413,476 37 days