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Salem Market Report

$427,624

AVERAGE PRICE OF 554 HOMES

$1,392,995

AVERAGE PRICE OF 18 MULTI-MILLION DOLLAR HOMES

$404,795

AVERAGE PRICE OF 97 NEWLY BUILT HOMES

$623,035

AVERAGE PRICE OF 32 HOMES WITH A POOL

$469,433

AVERAGE PRICE OF 9 REDUCED PRICE HOMES

Average Home

Average Price $427,624
Avg Bedrooms 3.35 beds
Avg Bathrooms 2.3 baths

Average Price by Bedrooms

1 bedroom $501,700
2 bedrooms $249,642
3 bedrooms $358,236
4 bedrooms $566,374
5 bedrooms $597,685
Salem Home Price Trends
  11/2020 10/2020 9/2020 8/2020 7/2020
Total Listings 620 659 710 738 738
Average Price $423,887 $425,376 $424,989 $417,040 $420,314
Avg Price Change -0.35% +0.09% +1.91% -0.79% +0.08%
Median Price $355,730 $351,171 $351,100 $349,853 $352,575
Med Price Change +1.30% +0.02% +0.36% -0.78% +0.52%
Avg Bedrooms 3.34 beds 3.31 beds 3.29 beds 3.3 beds 3.33 beds
Avg Bathrooms 2.31 baths 2.29 baths 2.29 baths 2.26 baths 2.29 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 49 $335,713 36 days
North Salem 65 $345,294 53 days
South Salem 114 $408,260 69 days
Sprague 146 $503,771 55 days
West Salem 72 $540,148 95 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 554 $427,624 61 days
Multi-Million Dollar Homes 18 $1,392,995 147 days
Newly Built Homes 97 $404,795 70 days
Homes with a Pool 32 $623,035 100 days
Reduced Price Homes 9 $469,433 61 days