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Salem Market Report

$423,533

AVERAGE PRICE OF 652 HOMES

$1,345,047

AVERAGE PRICE OF 19 MULTI-MILLION DOLLAR HOMES

$409,401

AVERAGE PRICE OF 90 NEWLY BUILT HOMES

$587,161

AVERAGE PRICE OF 40 HOMES WITH A POOL

$476,491

AVERAGE PRICE OF 23 REDUCED PRICE HOMES

Average Home

Average Price $423,533
Avg Bedrooms 3.32 beds
Avg Bathrooms 2.28 baths

Average Price by Bedrooms

1 bedroom $424,466
2 bedrooms $246,378
3 bedrooms $362,002
4 bedrooms $555,915
5 bedrooms $588,685
Salem Home Price Trends
  9/2020 8/2020 7/2020 6/2020 5/2020
Total Listings 710 738 738 746 746
Average Price $424,989 $417,040 $420,314 $419,958 $426,881
Avg Price Change +1.91% -0.79% +0.08% -1.65% +1.95%
Median Price $351,100 $349,853 $352,575 $350,734 $349,233
Med Price Change +0.36% -0.78% +0.52% +0.43% +0.51%
Avg Bedrooms 3.29 beds 3.3 beds 3.33 beds 3.33 beds 3.33 beds
Avg Bathrooms 2.29 baths 2.26 baths 2.29 baths 2.32 baths 2.34 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 73 $308,795 31 days
North Salem 72 $372,004 48 days
South Salem 124 $413,067 57 days
Sprague 168 $502,028 54 days
West Salem 92 $506,232 76 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 652 $423,533 54 days
Multi-Million Dollar Homes 19 $1,345,047 124 days
Newly Built Homes 90 $409,401 64 days
Homes with a Pool 40 $587,161 78 days
Reduced Price Homes 23 $476,491 48 days