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Salem Market Report

$499,402

AVERAGE PRICE OF 633 HOMES

$1,390,474

AVERAGE PRICE OF 27 MULTI-MILLION DOLLAR HOMES

$553,379

AVERAGE PRICE OF 95 NEWLY BUILT HOMES

$721,805

AVERAGE PRICE OF 39 HOMES WITH A POOL

$501,359

AVERAGE PRICE OF 109 REDUCED PRICE HOMES

Average Home

Average Price $499,402
Avg Bedrooms 3.23 beds
Avg Bathrooms 2.36 baths

Average Price by Bedrooms

1 bedroom $296,985
2 bedrooms $258,968
3 bedrooms $479,119
4 bedrooms $611,440
5 bedrooms $747,299
Salem Home Price Trends
  8/2023 7/2023 6/2023 5/2023 4/2023
Total Listings 637 627 619 570 531
Average Price $513,821 $515,952 $511,108 $504,857 $499,493
Avg Price Change -0.41% +0.95% +1.24% +1.07% +1.29%
Median Price $468,591 $468,961 $459,734 $449,978 $448,704
Med Price Change -0.08% +2.01% +2.17% +0.28% +0.08%
Avg Bedrooms 3.27 beds 3.28 beds 3.27 beds 3.26 beds 3.27 beds
Avg Bathrooms 2.4 baths 2.43 baths 2.43 baths 2.42 baths 2.39 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 66 $404,905 40 days
North Salem 93 $416,784 66 days
South Salem 154 $524,788 56 days
Sprague 136 $582,055 63 days
West Salem 82 $530,659 79 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 633 $499,402 62 days
Multi-Million Dollar Homes 27 $1,390,474 93 days
Newly Built Homes 95 $553,379 93 days
Homes with a Pool 39 $721,805 58 days
Reduced Price Homes 109 $501,359 56 days

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

© 2023 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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