Salem Market Report
$507,025
AVERAGE PRICE OF 590 HOMES$550,000
AVERAGE PRICE OF 1 DISTRESSED HOMES$1,670,520
AVERAGE PRICE OF 25 MULTI-MILLION DOLLAR HOMES$570,428
AVERAGE PRICE OF 74 NEWLY BUILT HOMES$755,855
AVERAGE PRICE OF 27 HOMES WITH A POOL$386,826
AVERAGE PRICE OF 22 REDUCED PRICE HOMESAverage Home
| Average Price | $507,025 |
| Avg Bedrooms | 3.18 beds |
| Avg Bathrooms | 2.39 baths |
Average Price by Bedrooms
| 1 bedroom | $238,940 |
| 2 bedrooms | $225,120 |
| 3 bedrooms | $494,282 |
| 4 bedrooms | $663,416 |
| 5 bedrooms | $839,775 |
Salem Home Price Trends
| 12/2024 | 11/2024 | 10/2024 | 9/2024 | 8/2024 | |
|---|---|---|---|---|---|
| Total Listings | 676 | 737 | 799 | 856 | 861 |
| Average Price | $508,205 | $529,178 | $524,675 | $513,921 | $534,176 |
| Avg Price Change | -4.13% | +0.86% | +2.09% | -3.94% | +5.94% |
| Median Price | $452,492 | $468,937 | $467,885 | $466,431 | $473,203 |
| Med Price Change | -3.63% | +0.22% | +0.31% | -1.45% | +1.50% |
| Avg Bedrooms | 3.19 beds | 3.27 beds | 3.28 beds | 3.26 beds | 3.26 beds |
| Avg Bathrooms | 2.39 baths | 2.44 baths | 2.43 baths | 2.42 baths | 2.4 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Sprague | 133 | $662,854 | 95 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 590 | $507,025 | 95 days |
| Distressed Homes | 1 | $550,000 | 196 days |
| Multi-Million Dollar Homes | 25 | $1,670,520 | 147 days |
| Newly Built Homes | 74 | $570,428 | 125 days |
| Homes with a Pool | 27 | $755,855 | 79 days |
| Reduced Price Homes | 22 | $386,826 | 76 days |
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