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Salem Market Report

$436,547

AVERAGE PRICE OF 576 HOMES

$1,445,462

AVERAGE PRICE OF 13 MULTI-MILLION DOLLAR HOMES

$478,052

AVERAGE PRICE OF 101 NEWLY BUILT HOMES

$692,775

AVERAGE PRICE OF 24 HOMES WITH A POOL

$505,314

AVERAGE PRICE OF 7 REDUCED PRICE HOMES

Average Home

Average Price $436,547
Avg Bedrooms 3.33 beds
Avg Bathrooms 2.25 baths

Average Price by Bedrooms

1 bedroom $404,100
2 bedrooms $260,423
3 bedrooms $380,218
4 bedrooms $549,085
5 bedrooms $597,318
Salem Home Price Trends
  4/2021 3/2021 2/2021 1/2021 12/2020
Total Listings 545 495 n/a 433 493
Average Price $424,285 $424,533 n/a $1,045,943 $430,834
Avg Price Change -0.06% n/a n/a +142.77% +1.64%
Median Price $374,917 $372,352 n/a $361,969 $361,242
Med Price Change +0.69% n/a n/a +0.20% +1.55%
Avg Bedrooms 3.28 beds 3.29 beds n/a 3.33 beds 3.34 beds
Avg Bathrooms 2.21 baths 2.22 baths n/a 2.3 baths 2.3 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 51 $320,626 36 days
North Salem 69 $371,582 27 days
South Salem 102 $410,895 31 days
Sprague 163 $514,090 51 days
West Salem 75 $521,081 59 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 576 $436,547 46 days
Multi-Million Dollar Homes 13 $1,445,462 122 days
Newly Built Homes 101 $478,052 88 days
Homes with a Pool 24 $692,775 62 days
Reduced Price Homes 7 $505,314 60 days