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Salem Market Report

$438,863

AVERAGE PRICE OF 556 HOMES

$1,445,462

AVERAGE PRICE OF 13 MULTI-MILLION DOLLAR HOMES

$477,551

AVERAGE PRICE OF 104 NEWLY BUILT HOMES

$692,775

AVERAGE PRICE OF 24 HOMES WITH A POOL

$471,466

AVERAGE PRICE OF 6 REDUCED PRICE HOMES

Average Home

Average Price $438,863
Avg Bedrooms 3.33 beds
Avg Bathrooms 2.25 baths

Average Price by Bedrooms

1 bedroom $404,975
2 bedrooms $264,189
3 bedrooms $381,996
4 bedrooms $549,799
5 bedrooms $592,080
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 50 $335,478 36 days
North Salem 64 $365,337 28 days
South Salem 98 $411,676 32 days
Sprague 157 $517,289 52 days
West Salem 72 $524,989 61 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 556 $438,863 48 days
Multi-Million Dollar Homes 13 $1,445,462 121 days
Newly Built Homes 104 $477,551 85 days
Homes with a Pool 24 $692,775 61 days
Reduced Price Homes 6 $471,466 63 days