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 HOMESAverage 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 |
