Salem Market Report
$431,664
AVERAGE PRICE OF 438 HOMES$1,322,800
AVERAGE PRICE OF 16 MULTI-MILLION DOLLAR HOMES$432,042
AVERAGE PRICE OF 84 NEWLY BUILT HOMES$694,095
AVERAGE PRICE OF 21 HOMES WITH A POOL$596,262
AVERAGE PRICE OF 8 REDUCED PRICE HOMESAverage Home
| Average Price | $431,664 |
| Avg Bedrooms | 3.29 beds |
| Avg Bathrooms | 2.27 baths |
Average Price by Bedrooms
| 1 bedroom | $418,766 |
| 2 bedrooms | $245,417 |
| 3 bedrooms | $366,255 |
| 4 bedrooms | $533,650 |
| 5 bedrooms | $724,145 |
Salem Home Price Trends
| 1/2021 | 12/2020 | 11/2020 | 10/2020 | 9/2020 | |
|---|---|---|---|---|---|
| Total Listings | 433 | 493 | 620 | 659 | 710 |
| Average Price | $1,045,943 | $430,834 | $423,887 | $425,376 | $424,989 |
| Avg Price Change | +142.77% | +1.64% | -0.35% | +0.09% | +1.91% |
| Median Price | $361,969 | $361,242 | $355,730 | $351,171 | $351,100 |
| Med Price Change | +0.20% | +1.55% | +1.30% | +0.02% | +0.36% |
| Avg Bedrooms | 3.33 beds | 3.34 beds | 3.34 beds | 3.31 beds | 3.29 beds |
| Avg Bathrooms | 2.3 baths | 2.3 baths | 2.31 baths | 2.29 baths | 2.29 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| McKay | 36 | $330,938 | 51 days |
| North Salem | 40 | $364,845 | 45 days |
| South Salem | 82 | $398,922 | 54 days |
| Sprague | 124 | $489,065 | 61 days |
| West Salem | 52 | $540,689 | 88 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 438 | $431,664 | 60 days |
| Multi-Million Dollar Homes | 16 | $1,322,800 | 142 days |
| Newly Built Homes | 84 | $432,042 | 86 days |
| Homes with a Pool | 21 | $694,095 | 91 days |
| Reduced Price Homes | 8 | $596,262 | 21 days |
