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Salem Market Report

$426,462

AVERAGE PRICE OF 680 HOMES

$268,575

AVERAGE PRICE OF 4 DISTRESSED HOMES

$2,192,772

AVERAGE PRICE OF 18 MULTI-MILLION DOLLAR HOMES

$435,663

AVERAGE PRICE OF 87 NEWLY BUILT HOMES

$596,031

AVERAGE PRICE OF 40 HOMES WITH A POOL

$346,236

AVERAGE PRICE OF 19 REDUCED PRICE HOMES

Average Home

Average Price $426,462
Avg Bedrooms 3.39 beds
Avg Bathrooms 2.52 baths

Average Price by Bedrooms

1 bedroom $198,250
2 bedrooms $218,017
3 bedrooms $398,111
4 bedrooms $478,218
5 bedrooms $600,705
Salem Home Price Trends
  1/2020 12/2019 11/2019 10/2019 9/2019
Total Listings 676 781 916 991 1,031
Average Price $427,018 $422,189 $409,563 $408,898 $400,381
Avg Price Change +1.14% +3.08% +0.16% +2.13% +1.46%
Median Price $356,585 $349,359 $339,580 $338,373 $339,853
Med Price Change +2.07% +2.88% +0.36% -0.44% -0.08%
Avg Bedrooms 3.41 beds 3.4 beds 3.36 beds 3.35 beds 3.37 beds
Avg Bathrooms 2.55 baths 2.54 baths 2.5 baths 2.48 baths 2.47 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 73 $294,893 49 days
North Salem 75 $319,878 54 days
South Salem 133 $414,579 75 days
Sprague 164 $465,246 79 days
West Salem 118 $442,805 95 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 680 $426,462 77 days
Distressed Homes 4 $268,575 30 days
Multi-Million Dollar Homes 18 $2,192,772 225 days
Newly Built Homes 87 $435,663 88 days
Homes with a Pool 40 $596,031 84 days
Reduced Price Homes 19 $346,236 59 days