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 HOMESAverage 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 |
