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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 HOMES

Average 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