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Salem Market Report

$473,452

AVERAGE PRICE OF 685 HOMES

$1,535,873

AVERAGE PRICE OF 24 MULTI-MILLION DOLLAR HOMES

$525,530

AVERAGE PRICE OF 82 NEWLY BUILT HOMES

$569,045

AVERAGE PRICE OF 31 HOMES WITH A POOL

$467,960

AVERAGE PRICE OF 37 REDUCED PRICE HOMES

Average Home

Average Price $473,452
Avg Bedrooms 3.3 beds
Avg Bathrooms 2.23 baths

Average Price by Bedrooms

1 bedroom $488,480
2 bedrooms $330,689
3 bedrooms $407,736
4 bedrooms $584,154
5 bedrooms $670,271
Salem Home Price Trends
  6/2021 5/2021 4/2021 3/2021 2/2021
Total Listings 653 598 545 495 n/a
Average Price $451,099 $438,237 $424,285 $424,533 n/a
Avg Price Change +2.93% +3.29% -0.06% n/a n/a
Median Price $388,315 $386,263 $374,917 $372,352 n/a
Med Price Change +0.53% +3.03% +0.69% n/a n/a
Avg Bedrooms 3.33 beds 3.32 beds 3.28 beds 3.29 beds n/a
Avg Bathrooms 2.23 baths 2.25 baths 2.21 baths 2.22 baths n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 74 $362,832 28 days
North Salem 88 $376,786 33 days
South Salem 131 $432,483 45 days
Sprague 180 $572,966 60 days
West Salem 115 $550,818 52 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 685 $473,452 47 days
Multi-Million Dollar Homes 24 $1,535,873 71 days
Newly Built Homes 82 $525,530 95 days
Homes with a Pool 31 $569,045 58 days
Reduced Price Homes 37 $467,960 31 days