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Salem Market Report

$409,043

AVERAGE PRICE OF 946 HOMES

$129,900

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,908,760

AVERAGE PRICE OF 26 MULTI-MILLION DOLLAR HOMES

$408,514

AVERAGE PRICE OF 118 NEWLY BUILT HOMES

$634,599

AVERAGE PRICE OF 57 HOMES WITH A POOL

$363,322

AVERAGE PRICE OF 40 REDUCED PRICE HOMES

Average Home

Average Price $409,043
Avg Bedrooms 3.35 beds
Avg Bathrooms 2.48 baths

Average Price by Bedrooms

1 bedroom $148,975
2 bedrooms $214,321
3 bedrooms $378,781
4 bedrooms $478,469
5 bedrooms $625,193
Salem Home Price Trends
  10/2019 9/2019 8/2019 7/2019 6/2019
Total Listings 991 1,031 1,078 1,024 971
Average Price $408,898 $400,381 $394,608 $391,403 $382,398
Avg Price Change +2.13% +1.46% +0.82% +2.35% +1.20%
Median Price $338,373 $339,853 $340,110 $345,000 $341,049
Med Price Change -0.44% -0.08% -1.44% +1.16% +3.40%
Avg Bedrooms 3.35 beds 3.37 beds 3.37 beds 3.4 beds 3.38 beds
Avg Bathrooms 2.48 baths 2.47 baths 2.46 baths 2.5 baths 2.48 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 100 $295,111 52 days
North Salem 113 $281,702 60 days
South Salem 156 $395,944 70 days
Sprague 239 $467,370 66 days
West Salem 138 $445,861 87 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 946 $409,043 66 days
Distressed Homes 1 $129,900 74 days
Multi-Million Dollar Homes 26 $1,908,760 144 days
Newly Built Homes 118 $408,514 68 days
Homes with a Pool 57 $634,599 79 days
Reduced Price Homes 40 $363,322 64 days