Salem Market Report
$505,516
AVERAGE PRICE OF 753 HOMES$315,825
AVERAGE PRICE OF 2 DISTRESSED HOMES$1,536,487
AVERAGE PRICE OF 25 MULTI-MILLION DOLLAR HOMES$591,884
AVERAGE PRICE OF 125 NEWLY BUILT HOMES$602,598
AVERAGE PRICE OF 32 HOMES WITH A POOL$485,649
AVERAGE PRICE OF 74 REDUCED PRICE HOMESAverage Home
| Average Price | $505,516 |
| Avg Bedrooms | 3.35 beds |
| Avg Bathrooms | 2.39 baths |
Average Price by Bedrooms
| 1 bedroom | $398,816 |
| 2 bedrooms | $297,050 |
| 3 bedrooms | $471,826 |
| 4 bedrooms | $574,898 |
| 5 bedrooms | $718,034 |
Salem Home Price Trends
| 9/2022 | 8/2022 | 7/2022 | 6/2022 | 5/2022 | |
|---|---|---|---|---|---|
| Total Listings | 752 | 734 | 709 | n/a | n/a |
| Average Price | $515,841 | $520,509 | $528,151 | n/a | n/a |
| Avg Price Change | -0.90% | -1.47% | n/a | n/a | n/a |
| Median Price | $463,843 | $461,790 | $465,437 | n/a | n/a |
| Med Price Change | +0.44% | -0.79% | n/a | n/a | n/a |
| Avg Bedrooms | 3.31 beds | 3.29 beds | 3.29 beds | n/a | n/a |
| Avg Bathrooms | 2.39 baths | 2.37 baths | 2.39 baths | n/a | n/a |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| McKay | 81 | $384,752 | 51 days |
| North Salem | 117 | $439,278 | 58 days |
| South Salem | 159 | $496,218 | 59 days |
| Sprague | 163 | $567,141 | 54 days |
| West Salem | 113 | $587,790 | 45 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 753 | $505,516 | 54 days |
| Distressed Homes | 2 | $315,825 | 46 days |
| Multi-Million Dollar Homes | 25 | $1,536,487 | 105 days |
| Newly Built Homes | 125 | $591,884 | 81 days |
| Homes with a Pool | 32 | $602,598 | 40 days |
| Reduced Price Homes | 74 | $485,649 | 46 days |
