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 HOMESAverage 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 |
