Salem Market Report
$423,283
AVERAGE PRICE OF 636 HOMES$1,353,328
AVERAGE PRICE OF 18 MULTI-MILLION DOLLAR HOMES$409,105
AVERAGE PRICE OF 88 NEWLY BUILT HOMES$585,580
AVERAGE PRICE OF 38 HOMES WITH A POOL$507,064
AVERAGE PRICE OF 17 REDUCED PRICE HOMESAverage Home
| Average Price | $423,283 |
| Avg Bedrooms | 3.32 beds |
| Avg Bathrooms | 2.28 baths |
Average Price by Bedrooms
| 1 bedroom | $424,466 |
| 2 bedrooms | $241,296 |
| 3 bedrooms | $360,772 |
| 4 bedrooms | $555,013 |
| 5 bedrooms | $592,976 |
Salem Home Price Trends
| 9/2020 | 8/2020 | 7/2020 | 6/2020 | 5/2020 | |
|---|---|---|---|---|---|
| Total Listings | 710 | 738 | 738 | 746 | 746 |
| Average Price | $424,989 | $417,040 | $420,314 | $419,958 | $426,881 |
| Avg Price Change | +1.91% | -0.79% | +0.08% | -1.65% | +1.95% |
| Median Price | $351,100 | $349,853 | $352,575 | $350,734 | $349,233 |
| Med Price Change | +0.36% | -0.78% | +0.52% | +0.43% | +0.51% |
| Avg Bedrooms | 3.29 beds | 3.3 beds | 3.33 beds | 3.33 beds | 3.33 beds |
| Avg Bathrooms | 2.29 baths | 2.26 baths | 2.29 baths | 2.32 baths | 2.34 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| McKay | 73 | $310,069 | 32 days |
| North Salem | 69 | $362,813 | 45 days |
| South Salem | 119 | $416,374 | 58 days |
| Sprague | 166 | $503,869 | 54 days |
| West Salem | 90 | $506,649 | 76 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 636 | $423,283 | 54 days |
| Multi-Million Dollar Homes | 18 | $1,353,328 | 122 days |
| Newly Built Homes | 88 | $409,105 | 65 days |
| Homes with a Pool | 38 | $585,580 | 79 days |
| Reduced Price Homes | 17 | $507,064 | 57 days |
