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

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 HOMES

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

© 2022 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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