Salem Market Report
$478,400
AVERAGE PRICE OF 720 HOMES$2,278,209
AVERAGE PRICE OF 20 MULTI-MILLION DOLLAR HOMES$542,060
AVERAGE PRICE OF 80 NEWLY BUILT HOMES$489,790
AVERAGE PRICE OF 33 HOMES WITH A POOL$442,516
AVERAGE PRICE OF 34 REDUCED PRICE HOMESAverage Home
| Average Price | $478,400 |
| Avg Bedrooms | 3.3 beds |
| Avg Bathrooms | 2.2 baths |
Average Price by Bedrooms
| 1 bedroom | $304,825 |
| 2 bedrooms | $292,639 |
| 3 bedrooms | $444,918 |
| 4 bedrooms | $547,202 |
| 5 bedrooms | $675,344 |
Salem Home Price Trends
| 9/2021 | 8/2021 | 7/2021 | 6/2021 | 5/2021 | |
|---|---|---|---|---|---|
| Total Listings | 724 | 716 | 669 | 653 | 598 |
| Average Price | $492,443 | $480,253 | $471,649 | $451,099 | $438,237 |
| Avg Price Change | +2.54% | +1.82% | +4.56% | +2.93% | +3.29% |
| Median Price | $399,853 | $399,444 | $399,358 | $388,315 | $386,263 |
| Med Price Change | +0.10% | +0.02% | +2.84% | +0.53% | +3.03% |
| Avg Bedrooms | 3.29 beds | 3.3 beds | 3.32 beds | 3.33 beds | 3.32 beds |
| Avg Bathrooms | 2.2 baths | 2.22 baths | 2.24 baths | 2.23 baths | 2.25 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| McKay | 84 | $352,493 | 39 days |
| North Salem | 78 | $385,330 | 45 days |
| South Salem | 136 | $423,963 | 47 days |
| Sprague | 189 | $521,813 | 65 days |
| West Salem | 108 | $549,976 | 59 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 720 | $478,400 | 52 days |
| Multi-Million Dollar Homes | 20 | $2,278,209 | 108 days |
| Newly Built Homes | 80 | $542,060 | 100 days |
| Homes with a Pool | 33 | $489,790 | 81 days |
| Reduced Price Homes | 34 | $442,516 | 32 days |
