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Salem Market Report

$423,101

AVERAGE PRICE OF 575 HOMES

$1,360,531

AVERAGE PRICE OF 13 MULTI-MILLION DOLLAR HOMES

$455,107

AVERAGE PRICE OF 104 NEWLY BUILT HOMES

$626,516

AVERAGE PRICE OF 24 HOMES WITH A POOL

$403,783

AVERAGE PRICE OF 6 REDUCED PRICE HOMES

Average Home

Average Price $423,101
Avg Bedrooms 3.27 beds
Avg Bathrooms 2.2 baths

Average Price by Bedrooms

1 bedroom $340,187
2 bedrooms $254,106
3 bedrooms $370,934
4 bedrooms $535,048
5 bedrooms $647,248
Salem Home Price Trends
  3/2021 2/2021 1/2021 12/2020 11/2020
Total Listings 495 n/a 433 493 620
Average Price $424,533 n/a $1,045,943 $430,834 $423,887
Avg Price Change n/a n/a +142.77% +1.64% -0.35%
Median Price $372,352 n/a $361,969 $361,242 $355,730
Med Price Change n/a n/a +0.20% +1.55% +1.30%
Avg Bedrooms 3.29 beds n/a 3.33 beds 3.34 beds 3.34 beds
Avg Bathrooms 2.22 baths n/a 2.3 baths 2.3 baths 2.31 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 53 $312,283 36 days
North Salem 61 $345,107 35 days
South Salem 90 $406,591 46 days
Sprague 168 $490,652 53 days
West Salem 81 $487,082 61 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 575 $423,101 50 days
Multi-Million Dollar Homes 13 $1,360,531 152 days
Newly Built Homes 104 $455,107 88 days
Homes with a Pool 24 $626,516 72 days
Reduced Price Homes 6 $403,783 18 days