Salem Market Report
$517,658
AVERAGE PRICE OF 842 HOMES$461,500
AVERAGE PRICE OF 2 DISTRESSED HOMES$1,460,433
AVERAGE PRICE OF 39 MULTI-MILLION DOLLAR HOMES$561,282
AVERAGE PRICE OF 100 NEWLY BUILT HOMES$718,998
AVERAGE PRICE OF 53 HOMES WITH A POOL$537,710
AVERAGE PRICE OF 37 REDUCED PRICE HOMESAverage Home
| Average Price | $517,658 |
| Avg Bedrooms | 3.28 beds |
| Avg Bathrooms | 2.43 baths |
Average Price by Bedrooms
| 1 bedroom | $299,488 |
| 2 bedrooms | $251,879 |
| 3 bedrooms | $477,352 |
| 4 bedrooms | $656,962 |
| 5 bedrooms | $760,432 |
Salem Home Price Trends
| 8/2024 | 7/2024 | 6/2024 | 5/2024 | 4/2024 | |
|---|---|---|---|---|---|
| Total Listings | 861 | 833 | 765 | 727 | 683 |
| Average Price | $534,176 | $504,216 | $503,654 | $505,658 | $501,519 |
| Avg Price Change | +5.94% | +0.11% | -0.40% | +0.83% | +2.74% |
| Median Price | $473,203 | $466,202 | $464,693 | $469,349 | $460,389 |
| Med Price Change | +1.50% | +0.32% | -1.00% | +1.95% | +2.25% |
| Avg Bedrooms | 3.26 beds | 3.24 beds | 3.23 beds | 3.26 beds | 3.25 beds |
| Avg Bathrooms | 2.4 baths | 2.39 baths | 2.39 baths | 2.43 baths | 2.42 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Sprague | 196 | $613,297 | 82 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 842 | $517,658 | 75 days |
| Distressed Homes | 2 | $461,500 | 49 days |
| Multi-Million Dollar Homes | 39 | $1,460,433 | 125 days |
| Newly Built Homes | 100 | $561,282 | 114 days |
| Homes with a Pool | 53 | $718,998 | 61 days |
| Reduced Price Homes | 37 | $537,710 | 55 days |
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