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Salem Market Report

$478,400

AVERAGE PRICE OF 720 HOMES

$2,278,209

AVERAGE PRICE OF 20 MULTI-MILLION DOLLAR HOMES

$542,060

AVERAGE PRICE OF 80 NEWLY BUILT HOMES

$489,790

AVERAGE PRICE OF 33 HOMES WITH A POOL

$442,516

AVERAGE PRICE OF 34 REDUCED PRICE HOMES

Average Home

Average Price $478,400
Avg Bedrooms 3.3 beds
Avg Bathrooms 2.2 baths

Average Price by Bedrooms

1 bedroom $304,825
2 bedrooms $292,639
3 bedrooms $444,918
4 bedrooms $547,202
5 bedrooms $675,344
Salem Home Price Trends
  9/2021 8/2021 7/2021 6/2021 5/2021
Total Listings 724 716 669 653 598
Average Price $492,443 $480,253 $471,649 $451,099 $438,237
Avg Price Change +2.54% +1.82% +4.56% +2.93% +3.29%
Median Price $399,853 $399,444 $399,358 $388,315 $386,263
Med Price Change +0.10% +0.02% +2.84% +0.53% +3.03%
Avg Bedrooms 3.29 beds 3.3 beds 3.32 beds 3.33 beds 3.32 beds
Avg Bathrooms 2.2 baths 2.22 baths 2.24 baths 2.23 baths 2.25 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 84 $352,493 39 days
North Salem 78 $385,330 45 days
South Salem 136 $423,963 47 days
Sprague 189 $521,813 65 days
West Salem 108 $549,976 59 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 720 $478,400 52 days
Multi-Million Dollar Homes 20 $2,278,209 108 days
Newly Built Homes 80 $542,060 100 days
Homes with a Pool 33 $489,790 81 days
Reduced Price Homes 34 $442,516 32 days