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Salem Market Report

$505,936

AVERAGE PRICE OF 607 HOMES

$237,200

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,474,246

AVERAGE PRICE OF 24 MULTI-MILLION DOLLAR HOMES

$580,017

AVERAGE PRICE OF 118 NEWLY BUILT HOMES

$764,116

AVERAGE PRICE OF 28 HOMES WITH A POOL

$506,833

AVERAGE PRICE OF 33 REDUCED PRICE HOMES

Average Home

Average Price $505,936
Avg Bedrooms 3.27 beds
Avg Bathrooms 2.41 baths

Average Price by Bedrooms

1 bedroom $184,225
2 bedrooms $274,929
3 bedrooms $467,438
4 bedrooms $625,225
5 bedrooms $744,046
Salem Home Price Trends
  5/2023 4/2023 3/2023 2/2023 1/2023
Total Listings 570 531 536 561 538
Average Price $504,857 $499,493 $493,123 $483,844 $499,286
Avg Price Change +1.07% +1.29% +1.92% -3.19% +0.31%
Median Price $449,978 $448,704 $448,337 $439,614 $448,846
Med Price Change +0.28% +0.08% +1.98% -2.10% +0.05%
Avg Bedrooms 3.26 beds 3.27 beds 3.27 beds 3.28 beds 3.33 beds
Avg Bathrooms 2.42 baths 2.39 baths 2.38 baths 2.37 baths 2.43 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 68 $374,485 65 days
North Salem 93 $385,099 60 days
South Salem 128 $543,206 59 days
Sprague 119 $611,053 47 days
West Salem 105 $587,208 64 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 607 $505,936 59 days
Distressed Homes 1 $237,200 59 days
Multi-Million Dollar Homes 24 $1,474,246 108 days
Newly Built Homes 118 $580,017 102 days
Homes with a Pool 28 $764,116 45 days
Reduced Price Homes 33 $506,833 35 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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