Salem Market Report
$416,710
AVERAGE PRICE OF 736 HOMES$236,433
AVERAGE PRICE OF 3 DISTRESSED HOMES$2,105,717
AVERAGE PRICE OF 18 MULTI-MILLION DOLLAR HOMES$437,811
AVERAGE PRICE OF 92 NEWLY BUILT HOMES$505,705
AVERAGE PRICE OF 49 HOMES WITH A POOL$342,617
AVERAGE PRICE OF 23 REDUCED PRICE HOMESAverage Home
| Average Price | $416,710 |
| Avg Bedrooms | 3.33 beds |
| Avg Bathrooms | 2.28 baths |
Average Price by Bedrooms
| 1 bedroom | $357,000 |
| 2 bedrooms | $205,504 |
| 3 bedrooms | $390,986 |
| 4 bedrooms | $481,431 |
| 5 bedrooms | $627,275 |
Salem Home Price Trends
| 3/2020 | 2/2020 | 1/2020 | 12/2019 | 11/2019 | |
|---|---|---|---|---|---|
| Total Listings | 733 | 694 | 676 | 781 | 916 |
| Average Price | $426,085 | $423,643 | $427,018 | $422,189 | $409,563 |
| Avg Price Change | +0.58% | -0.80% | +1.14% | +3.08% | +0.16% |
| Median Price | $354,437 | $356,831 | $356,585 | $349,359 | $339,580 |
| Med Price Change | -0.68% | +0.07% | +2.07% | +2.88% | +0.36% |
| Avg Bedrooms | 3.34 beds | 3.39 beds | 3.41 beds | 3.4 beds | 3.36 beds |
| Avg Bathrooms | 2.39 baths | 2.53 baths | 2.55 baths | 2.54 baths | 2.5 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| McKay | 69 | $304,100 | 44 days |
| North Salem | 96 | $299,912 | 54 days |
| South Salem | 140 | $420,815 | 65 days |
| Sprague | 177 | $443,567 | 70 days |
| West Salem | 105 | $475,146 | 83 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 736 | $416,710 | 67 days |
| Distressed Homes | 3 | $236,433 | 45 days |
| Multi-Million Dollar Homes | 18 | $2,105,717 | 239 days |
| Newly Built Homes | 92 | $437,811 | 78 days |
| Homes with a Pool | 49 | $505,705 | 76 days |
| Reduced Price Homes | 23 | $342,617 | 51 days |
