If you need assistance, please call 971-315-3312

Salem Market Report

$500,949

AVERAGE PRICE OF 776 HOMES

$1,302,784

AVERAGE PRICE OF 38 MULTI-MILLION DOLLAR HOMES

$585,084

AVERAGE PRICE OF 113 NEWLY BUILT HOMES

$623,474

AVERAGE PRICE OF 39 HOMES WITH A POOL

$449,019

AVERAGE PRICE OF 44 REDUCED PRICE HOMES

Average Home

Average Price $500,949
Avg Bedrooms 3.23 beds
Avg Bathrooms 2.38 baths

Average Price by Bedrooms

1 bedroom $243,415
2 bedrooms $249,390
3 bedrooms $480,425
4 bedrooms $638,371
5 bedrooms $747,381
Salem Home Price Trends
  5/2024 4/2024 3/2024 2/2024 1/2024
Total Listings 727 683 585 535 531
Average Price $505,658 $501,519 $488,164 $490,523 $489,945
Avg Price Change +0.83% +2.74% -0.48% +0.12% -0.85%
Median Price $469,349 $460,389 $450,266 $443,758 $444,097
Med Price Change +1.95% +2.25% +1.47% -0.08% -0.30%
Avg Bedrooms 3.26 beds 3.25 beds 3.25 beds 3.23 beds 3.22 beds
Avg Bathrooms 2.43 baths 2.42 baths 2.41 baths 2.41 baths 2.4 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Sprague 200 $583,944 62 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 776 $500,949 63 days
Multi-Million Dollar Homes 38 $1,302,784 97 days
Newly Built Homes 113 $585,084 106 days
Homes with a Pool 39 $623,474 42 days
Reduced Price Homes 44 $449,019 41 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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