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Salem Market Report

$437,934

AVERAGE PRICE OF 429 HOMES

$1,372,695

AVERAGE PRICE OF 20 MULTI-MILLION DOLLAR HOMES

$416,764

AVERAGE PRICE OF 92 NEWLY BUILT HOMES

$696,159

AVERAGE PRICE OF 27 HOMES WITH A POOL

$620,940

AVERAGE PRICE OF 5 REDUCED PRICE HOMES

Average Home

Average Price $437,934
Avg Bedrooms 3.33 beds
Avg Bathrooms 2.3 baths

Average Price by Bedrooms

1 bedroom $418,766
2 bedrooms $268,116
3 bedrooms $352,644
4 bedrooms $574,536
5 bedrooms $686,678
Salem Home Price Trends
  12/2020 11/2020 10/2020 9/2020 8/2020
Total Listings 493 620 659 710 738
Average Price $430,834 $423,887 $425,376 $424,989 $417,040
Avg Price Change +1.64% -0.35% +0.09% +1.91% -0.79%
Median Price $361,242 $355,730 $351,171 $351,100 $349,853
Med Price Change +1.55% +1.30% +0.02% +0.36% -0.78%
Avg Bedrooms 3.34 beds 3.34 beds 3.31 beds 3.29 beds 3.3 beds
Avg Bathrooms 2.3 baths 2.31 baths 2.29 baths 2.29 baths 2.26 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 42 $305,383 46 days
North Salem 42 $365,280 56 days
South Salem 79 $405,141 77 days
Sprague 116 $512,917 58 days
West Salem 55 $536,927 92 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 429 $437,934 66 days
Multi-Million Dollar Homes 20 $1,372,695 149 days
Newly Built Homes 92 $416,764 82 days
Homes with a Pool 27 $696,159 102 days
Reduced Price Homes 5 $620,940 57 days