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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 HOMES

Average 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