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Salem Market Report

$506,083

AVERAGE PRICE OF 853 HOMES

$615,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,354,159

AVERAGE PRICE OF 39 MULTI-MILLION DOLLAR HOMES

$573,804

AVERAGE PRICE OF 116 NEWLY BUILT HOMES

$678,895

AVERAGE PRICE OF 45 HOMES WITH A POOL

$463,206

AVERAGE PRICE OF 52 REDUCED PRICE HOMES

Average Home

Average Price $506,083
Avg Bedrooms 3.25 beds
Avg Bathrooms 2.4 baths

Average Price by Bedrooms

1 bedroom $258,610
2 bedrooms $245,140
3 bedrooms $482,058
4 bedrooms $639,486
5 bedrooms $742,004
Salem Home Price Trends
  6/2024 5/2024 4/2024 3/2024 2/2024
Total Listings 765 727 683 585 535
Average Price $503,654 $505,658 $501,519 $488,164 $490,523
Avg Price Change -0.40% +0.83% +2.74% -0.48% +0.12%
Median Price $464,693 $469,349 $460,389 $450,266 $443,758
Med Price Change -1.00% +1.95% +2.25% +1.47% -0.08%
Avg Bedrooms 3.23 beds 3.26 beds 3.25 beds 3.25 beds 3.23 beds
Avg Bathrooms 2.39 baths 2.43 baths 2.42 baths 2.41 baths 2.41 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Sprague 219 $580,546 63 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 853 $506,083 64 days
Distressed Homes 1 $615,000 14 days
Multi-Million Dollar Homes 39 $1,354,159 106 days
Newly Built Homes 116 $573,804 96 days
Homes with a Pool 45 $678,895 49 days
Reduced Price Homes 52 $463,206 54 days

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Blum Real Estate
The Blum Team
735 Commercial St. SE
Salem, OR 97301
503-485-1900

© 2024 Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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