Salem Market Report
$426,462
AVERAGE PRICE OF 680 HOMES$268,575
AVERAGE PRICE OF 4 DISTRESSED HOMES$2,192,772
AVERAGE PRICE OF 18 MULTI-MILLION DOLLAR HOMES$435,663
AVERAGE PRICE OF 87 NEWLY BUILT HOMES$596,031
AVERAGE PRICE OF 40 HOMES WITH A POOL$346,236
AVERAGE PRICE OF 19 REDUCED PRICE HOMESAverage Home
| Average Price | $426,462 |
| Avg Bedrooms | 3.39 beds |
| Avg Bathrooms | 2.52 baths |
Average Price by Bedrooms
| 1 bedroom | $198,250 |
| 2 bedrooms | $218,017 |
| 3 bedrooms | $398,111 |
| 4 bedrooms | $478,218 |
| 5 bedrooms | $600,705 |
Salem Home Price Trends
| 1/2020 | 12/2019 | 11/2019 | 10/2019 | 9/2019 | |
|---|---|---|---|---|---|
| Total Listings | 676 | 781 | 916 | 991 | 1,031 |
| Average Price | $427,018 | $422,189 | $409,563 | $408,898 | $400,381 |
| Avg Price Change | +1.14% | +3.08% | +0.16% | +2.13% | +1.46% |
| Median Price | $356,585 | $349,359 | $339,580 | $338,373 | $339,853 |
| Med Price Change | +2.07% | +2.88% | +0.36% | -0.44% | -0.08% |
| Avg Bedrooms | 3.41 beds | 3.4 beds | 3.36 beds | 3.35 beds | 3.37 beds |
| Avg Bathrooms | 2.55 baths | 2.54 baths | 2.5 baths | 2.48 baths | 2.47 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| McKay | 73 | $294,893 | 49 days |
| North Salem | 75 | $319,878 | 54 days |
| South Salem | 133 | $414,579 | 75 days |
| Sprague | 164 | $465,246 | 79 days |
| West Salem | 118 | $442,805 | 95 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 680 | $426,462 | 77 days |
| Distressed Homes | 4 | $268,575 | 30 days |
| Multi-Million Dollar Homes | 18 | $2,192,772 | 225 days |
| Newly Built Homes | 87 | $435,663 | 88 days |
| Homes with a Pool | 40 | $596,031 | 84 days |
| Reduced Price Homes | 19 | $346,236 | 59 days |
