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Salem Market Report

$418,437

AVERAGE PRICE OF 548 HOMES

$1,358,223

AVERAGE PRICE OF 13 MULTI-MILLION DOLLAR HOMES

$453,357

AVERAGE PRICE OF 105 NEWLY BUILT HOMES

$636,657

AVERAGE PRICE OF 19 HOMES WITH A POOL

$309,530

AVERAGE PRICE OF 10 REDUCED PRICE HOMES

Average Home

Average Price $418,437
Avg Bedrooms 3.28 beds
Avg Bathrooms 2.21 baths

Average Price by Bedrooms

1 bedroom $396,540
2 bedrooms $246,142
3 bedrooms $365,822
4 bedrooms $527,067
5 bedrooms $664,566
Salem Home Price Trends
  3/2021 2/2021 1/2021 12/2020 11/2020
Total Listings 495 n/a 433 493 620
Average Price $424,533 n/a $1,045,943 $430,834 $423,887
Avg Price Change n/a n/a +142.77% +1.64% -0.35%
Median Price $372,352 n/a $361,969 $361,242 $355,730
Med Price Change n/a n/a +0.20% +1.55% +1.30%
Avg Bedrooms 3.29 beds n/a 3.33 beds 3.34 beds 3.34 beds
Avg Bathrooms 2.22 baths n/a 2.3 baths 2.3 baths 2.31 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 51 $310,360 38 days
North Salem 64 $335,366 33 days
South Salem 88 $402,733 44 days
Sprague 153 $485,207 55 days
West Salem 76 $504,900 64 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 548 $418,437 51 days
Multi-Million Dollar Homes 13 $1,358,223 161 days
Newly Built Homes 105 $453,357 86 days
Homes with a Pool 19 $636,657 87 days
Reduced Price Homes 10 $309,530 23 days