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 HOMESAverage 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 |
