Salem Market Report
$437,934
AVERAGE PRICE OF 429 HOMES$1,372,695
AVERAGE PRICE OF 20 MULTI-MILLION DOLLAR HOMES$416,764
AVERAGE PRICE OF 92 NEWLY BUILT HOMES$696,159
AVERAGE PRICE OF 27 HOMES WITH A POOL$620,940
AVERAGE PRICE OF 5 REDUCED PRICE HOMESAverage Home
| Average Price | $437,934 |
| Avg Bedrooms | 3.33 beds |
| Avg Bathrooms | 2.3 baths |
Average Price by Bedrooms
| 1 bedroom | $418,766 |
| 2 bedrooms | $268,116 |
| 3 bedrooms | $352,644 |
| 4 bedrooms | $574,536 |
| 5 bedrooms | $686,678 |
Salem Home Price Trends
| 12/2020 | 11/2020 | 10/2020 | 9/2020 | 8/2020 | |
|---|---|---|---|---|---|
| Total Listings | 493 | 620 | 659 | 710 | 738 |
| Average Price | $430,834 | $423,887 | $425,376 | $424,989 | $417,040 |
| Avg Price Change | +1.64% | -0.35% | +0.09% | +1.91% | -0.79% |
| Median Price | $361,242 | $355,730 | $351,171 | $351,100 | $349,853 |
| Med Price Change | +1.55% | +1.30% | +0.02% | +0.36% | -0.78% |
| Avg Bedrooms | 3.34 beds | 3.34 beds | 3.31 beds | 3.29 beds | 3.3 beds |
| Avg Bathrooms | 2.3 baths | 2.31 baths | 2.29 baths | 2.29 baths | 2.26 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| McKay | 42 | $305,383 | 46 days |
| North Salem | 42 | $365,280 | 56 days |
| South Salem | 79 | $405,141 | 77 days |
| Sprague | 116 | $512,917 | 58 days |
| West Salem | 55 | $536,927 | 92 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 429 | $437,934 | 66 days |
| Multi-Million Dollar Homes | 20 | $1,372,695 | 149 days |
| Newly Built Homes | 92 | $416,764 | 82 days |
| Homes with a Pool | 27 | $696,159 | 102 days |
| Reduced Price Homes | 5 | $620,940 | 57 days |
