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Salem Market Report

$472,672

AVERAGE PRICE OF 681 HOMES

$1,519,248

AVERAGE PRICE OF 24 MULTI-MILLION DOLLAR HOMES

$523,869

AVERAGE PRICE OF 80 NEWLY BUILT HOMES

$563,606

AVERAGE PRICE OF 32 HOMES WITH A POOL

$505,368

AVERAGE PRICE OF 37 REDUCED PRICE HOMES

Average Home

Average Price $472,672
Avg Bedrooms 3.31 beds
Avg Bathrooms 2.23 baths

Average Price by Bedrooms

1 bedroom $460,400
2 bedrooms $328,426
3 bedrooms $407,027
4 bedrooms $583,580
5 bedrooms $663,764
Salem Home Price Trends
  6/2021 5/2021 4/2021 3/2021 2/2021
Total Listings 653 598 545 495 n/a
Average Price $451,099 $438,237 $424,285 $424,533 n/a
Avg Price Change +2.93% +3.29% -0.06% n/a n/a
Median Price $388,315 $386,263 $374,917 $372,352 n/a
Med Price Change +0.53% +3.03% +0.69% n/a n/a
Avg Bedrooms 3.33 beds 3.32 beds 3.28 beds 3.29 beds n/a
Avg Bathrooms 2.23 baths 2.25 baths 2.21 baths 2.22 baths n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 73 $364,336 29 days
North Salem 88 $378,365 33 days
South Salem 132 $430,677 44 days
Sprague 179 $569,769 60 days
West Salem 116 $547,009 52 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 681 $472,672 47 days
Multi-Million Dollar Homes 24 $1,519,248 69 days
Newly Built Homes 80 $523,869 95 days
Homes with a Pool 32 $563,606 57 days
Reduced Price Homes 37 $505,368 33 days