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Salem Market Report

$478,843

AVERAGE PRICE OF 736 HOMES

$2,278,209

AVERAGE PRICE OF 20 MULTI-MILLION DOLLAR HOMES

$544,527

AVERAGE PRICE OF 82 NEWLY BUILT HOMES

$494,473

AVERAGE PRICE OF 34 HOMES WITH A POOL

$447,461

AVERAGE PRICE OF 29 REDUCED PRICE HOMES

Average Home

Average Price $478,843
Avg Bedrooms 3.3 beds
Avg Bathrooms 2.19 baths

Average Price by Bedrooms

1 bedroom $304,825
2 bedrooms $298,336
3 bedrooms $446,603
4 bedrooms $547,638
5 bedrooms $678,300
Salem Home Price Trends
  9/2021 8/2021 7/2021 6/2021 5/2021
Total Listings 724 716 669 653 598
Average Price $492,443 $480,253 $471,649 $451,099 $438,237
Avg Price Change +2.54% +1.82% +4.56% +2.93% +3.29%
Median Price $399,853 $399,444 $399,358 $388,315 $386,263
Med Price Change +0.10% +0.02% +2.84% +0.53% +3.03%
Avg Bedrooms 3.29 beds 3.3 beds 3.32 beds 3.33 beds 3.32 beds
Avg Bathrooms 2.2 baths 2.22 baths 2.24 baths 2.23 baths 2.25 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 86 $351,911 37 days
North Salem 80 $383,326 42 days
South Salem 140 $425,991 45 days
Sprague 189 $529,346 64 days
West Salem 111 $549,327 56 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 736 $478,843 49 days
Multi-Million Dollar Homes 20 $2,278,209 105 days
Newly Built Homes 82 $544,527 95 days
Homes with a Pool 34 $494,473 78 days
Reduced Price Homes 29 $447,461 29 days