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Salem Market Report

$496,751

AVERAGE PRICE OF 523 HOMES

$319,200

AVERAGE PRICE OF 2 DISTRESSED HOMES

$1,443,674

AVERAGE PRICE OF 19 MULTI-MILLION DOLLAR HOMES

$597,950

AVERAGE PRICE OF 106 NEWLY BUILT HOMES

$781,768

AVERAGE PRICE OF 22 HOMES WITH A POOL

$429,256

AVERAGE PRICE OF 34 REDUCED PRICE HOMES

Average Home

Average Price $496,751
Avg Bedrooms 3.27 beds
Avg Bathrooms 2.37 baths

Average Price by Bedrooms

1 bedroom $194,742
2 bedrooms $260,281
3 bedrooms $467,317
4 bedrooms $602,719
5 bedrooms $759,896
Salem Home Price Trends
  2/2023 1/2023 12/2022 11/2022 10/2022
Total Listings 561 538 601 701 756
Average Price $483,844 $499,286 $497,761 $493,582 $498,783
Avg Price Change -3.19% +0.31% +0.85% -1.05% -3.42%
Median Price $439,614 $448,846 $448,617 $448,458 $448,835
Med Price Change -2.10% +0.05% +0.04% -0.08% -3.34%
Avg Bedrooms 3.28 beds 3.33 beds 3.32 beds 3.33 beds 3.34 beds
Avg Bathrooms 2.37 baths 2.43 baths 2.41 baths 2.39 baths 2.37 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 49 $346,731 74 days
North Salem 91 $400,917 68 days
South Salem 114 $514,034 68 days
Sprague 100 $592,520 76 days
West Salem 76 $623,512 84 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 523 $496,751 72 days
Distressed Homes 2 $319,200 41 days
Multi-Million Dollar Homes 19 $1,443,674 133 days
Newly Built Homes 106 $597,950 119 days
Homes with a Pool 22 $781,768 86 days
Reduced Price Homes 34 $429,256 99 days

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Keller Williams | United Home Group
Melissa Wright
1900 Hines St SE Ste 220
Salem, OR 97302
971-315-3312

© 2023 Willamette Valley Multiple Listing Service. All rights reserved. The data relating to real estate for sale comes in part from the Willamette Valley Multiple Listing Service. 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.
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