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 HOMESAverage 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 |
