If you need assistance, please call 503-485-1900

Troy Blum
503-507-6227

Salem Market Report

$542,562

AVERAGE PRICE OF 802 HOMES

$1,654,054

AVERAGE PRICE OF 46 MULTI-MILLION DOLLAR HOMES

$568,715

AVERAGE PRICE OF 76 NEWLY BUILT HOMES

$840,445

AVERAGE PRICE OF 42 HOMES WITH A POOL

$460,727

AVERAGE PRICE OF 62 REDUCED PRICE HOMES

Average Home

Average Price $542,562
Avg Bedrooms 3.3 beds
Avg Bathrooms 2.47 baths

Average Price by Bedrooms

1 bedroom $343,750
2 bedrooms $282,972
3 bedrooms $473,874
4 bedrooms $709,646
5 bedrooms $837,626
Salem Home Price Trends
  5/2025 4/2025 3/2025 2/2025 1/2025
Total Listings 713 651 600 596 586
Average Price $529,270 $551,341 $521,775 $514,337 $508,695
Avg Price Change -4.17% +5.67% +1.45% +1.11% +0.10%
Median Price $470,254 $464,806 $460,277 $453,674 $445,420
Med Price Change +1.17% +0.98% +1.46% +1.85% -1.59%
Avg Bedrooms 3.24 beds 3.23 beds 3.23 beds 3.23 beds 3.18 beds
Avg Bathrooms 2.42 baths 2.38 baths 2.39 baths 2.38 baths 2.39 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Sprague 177 $663,509 71 days
Total Homes Average Price Avg Days on Site
All Homes 802 $542,562 68 days
Multi-Million Dollar Homes 46 $1,654,054 113 days
Newly Built Homes 76 $568,715 113 days
Homes with a Pool 42 $840,445 68 days
Reduced Price Homes 62 $460,727 56 days

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Blum Real Estate
The Blum Team
2035 Madrona Ave SE Suite 100
Salem, OR 97302
503-485-1900

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