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Salem Market Report

$486,936

AVERAGE PRICE OF 548 HOMES

$249,900

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,348,728

AVERAGE PRICE OF 17 MULTI-MILLION DOLLAR HOMES

$591,735

AVERAGE PRICE OF 113 NEWLY BUILT HOMES

$644,291

AVERAGE PRICE OF 22 HOMES WITH A POOL

$441,925

AVERAGE PRICE OF 22 REDUCED PRICE HOMES

Average Home

Average Price $486,936
Avg Bedrooms 3.3 beds
Avg Bathrooms 2.38 baths

Average Price by Bedrooms

1 bedroom $203,300
2 bedrooms $272,384
3 bedrooms $452,911
4 bedrooms $590,290
5 bedrooms $725,685
Salem Home Price Trends
  1/2023 12/2022 11/2022 10/2022 9/2022
Total Listings 538 601 701 756 752
Average Price $499,286 $497,761 $493,582 $498,783 $515,841
Avg Price Change +0.31% +0.85% -1.05% -3.42% -0.90%
Median Price $448,846 $448,617 $448,458 $448,835 $463,843
Med Price Change +0.05% +0.04% -0.08% -3.34% +0.44%
Avg Bedrooms 3.33 beds 3.32 beds 3.33 beds 3.34 beds 3.31 beds
Avg Bathrooms 2.43 baths 2.41 baths 2.39 baths 2.37 baths 2.39 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 55 $389,110 76 days
North Salem 97 $382,586 69 days
South Salem 103 $540,504 93 days
Sprague 111 $569,427 85 days
West Salem 83 $575,319 80 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 548 $486,936 79 days
Distressed Homes 1 $249,900 3 days
Multi-Million Dollar Homes 17 $1,348,728 170 days
Newly Built Homes 113 $591,735 122 days
Homes with a Pool 22 $644,291 85 days
Reduced Price Homes 22 $441,925 62 days

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Blum Real Estate
The Blum Team
735 Commercial St. SE
Salem, OR 97301
503-485-1900

© 2023 Willamette Valley Multiple Listing Service. All rights reserved. The data relating to real estate for sale comes in part from the Willamette Valley Multiple Listing Service. Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.
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