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 HOMESAverage 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 |
