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

Salem Market Report

$511,811

AVERAGE PRICE OF 497 HOMES

$2,033,795

AVERAGE PRICE OF 20 MULTI-MILLION DOLLAR HOMES

$548,257

AVERAGE PRICE OF 71 NEWLY BUILT HOMES

$955,961

AVERAGE PRICE OF 18 HOMES WITH A POOL

$1,484,229

AVERAGE PRICE OF 7 REDUCED PRICE HOMES

Average Home

Average Price $511,811
Avg Bedrooms 3.25 beds
Avg Bathrooms 2.34 baths

Average Price by Bedrooms

1 bedroom $207,114
2 bedrooms $292,462
3 bedrooms $457,961
4 bedrooms $698,336
5 bedrooms $731,335
Salem Home Price Trends
  4/2022 3/2022 2/2022 1/2022 12/2021
Total Listings n/a 446 425 435 530
Average Price n/a $517,489 $504,397 $467,719 $470,126
Avg Price Change n/a +2.60% +7.84% -0.51% n/a
Median Price n/a $416,844 $401,558 $395,252 $398,117
Med Price Change n/a +3.81% +1.60% -0.72% n/a
Avg Bedrooms n/a 3.25 beds 3.23 beds 3.22 beds 3.26 beds
Avg Bathrooms n/a 2.34 baths 2.32 baths 2.28 baths 2.19 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 59 $381,634 33 days
North Salem 90 $391,490 37 days
South Salem 79 $519,628 55 days
Sprague 105 $556,957 55 days
West Salem 72 $614,610 44 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 497 $511,811 45 days
Multi-Million Dollar Homes 20 $2,033,795 99 days
Newly Built Homes 71 $548,257 84 days
Homes with a Pool 18 $955,961 71 days
Reduced Price Homes 7 $1,484,229 50 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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