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Salem Market Report

$496,329

AVERAGE PRICE OF 571 HOMES

$322,500

AVERAGE PRICE OF 2 DISTRESSED HOMES

$1,457,109

AVERAGE PRICE OF 22 MULTI-MILLION DOLLAR HOMES

$542,173

AVERAGE PRICE OF 102 NEWLY BUILT HOMES

$698,281

AVERAGE PRICE OF 42 HOMES WITH A POOL

$493,186

AVERAGE PRICE OF 27 REDUCED PRICE HOMES

Average Home

Average Price $496,329
Avg Bedrooms 3.26 beds
Avg Bathrooms 2.4 baths

Average Price by Bedrooms

1 bedroom $275,666
2 bedrooms $265,384
3 bedrooms $473,118
4 bedrooms $599,746
5 bedrooms $789,926
Salem Home Price Trends
  11/2023 10/2023 9/2023 8/2023 7/2023
Total Listings 591 613 615 637 627
Average Price $494,915 $502,783 $502,426 $513,821 $515,952
Avg Price Change -1.59% +0.07% -2.27% -0.41% +0.95%
Median Price $441,495 $450,046 $458,547 $468,591 $468,961
Med Price Change -1.94% -1.89% -2.19% -0.08% +2.01%
Avg Bedrooms 3.22 beds 3.22 beds 3.24 beds 3.27 beds 3.28 beds
Avg Bathrooms 2.38 baths 2.35 baths 2.36 baths 2.4 baths 2.43 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 73 $396,803 52 days
North Salem 98 $400,843 73 days
South Salem 124 $527,885 85 days
Sprague 122 $573,042 72 days
West Salem 71 $549,051 74 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 571 $496,329 75 days
Distressed Homes 2 $322,500 53 days
Multi-Million Dollar Homes 22 $1,457,109 150 days
Newly Built Homes 102 $542,173 99 days
Homes with a Pool 42 $698,281 73 days
Reduced Price Homes 27 $493,186 57 days

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Blum Real Estate
The Blum Team
735 Commercial St. SE
Salem, OR 97301
503-485-1900

© 2023 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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