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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 HOMES

Average 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