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Salem Market Report

$492,016

AVERAGE PRICE OF 538 HOMES

$248,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,421,025

AVERAGE PRICE OF 20 MULTI-MILLION DOLLAR HOMES

$544,310

AVERAGE PRICE OF 96 NEWLY BUILT HOMES

$648,716

AVERAGE PRICE OF 31 HOMES WITH A POOL

$408,757

AVERAGE PRICE OF 26 REDUCED PRICE HOMES

Average Home

Average Price $492,016
Avg Bedrooms 3.23 beds
Avg Bathrooms 2.41 baths

Average Price by Bedrooms

1 bedroom $222,833
2 bedrooms $248,798
3 bedrooms $473,030
4 bedrooms $618,908
5 bedrooms $716,037
Salem Home Price Trends
  1/2024 12/2023 11/2023 10/2023 9/2023
Total Listings 531 561 591 613 615
Average Price $489,945 $494,097 $494,915 $502,783 $502,426
Avg Price Change -0.85% -0.17% -1.59% +0.07% -2.27%
Median Price $444,097 $445,416 $441,495 $450,046 $458,547
Med Price Change -0.30% +0.89% -1.94% -1.89% -2.19%
Avg Bedrooms 3.22 beds 3.26 beds 3.22 beds 3.22 beds 3.24 beds
Avg Bathrooms 2.4 baths 2.41 baths 2.38 baths 2.35 baths 2.36 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Sprague 119 $544,806 91 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 538 $492,016 84 days
Distressed Homes 1 $248,000 46 days
Multi-Million Dollar Homes 20 $1,421,025 176 days
Newly Built Homes 96 $544,310 116 days
Homes with a Pool 31 $648,716 100 days
Reduced Price Homes 26 $408,757 74 days

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Keller Williams | United Home Group
Melissa Wright
1900 Hines St SE Ste 220
Salem, OR 97302
971-315-3312

© 2024 Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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