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Salem Market Report

$447,780

AVERAGE PRICE OF 646 HOMES

$1,499,490

AVERAGE PRICE OF 20 MULTI-MILLION DOLLAR HOMES

$488,213

AVERAGE PRICE OF 88 NEWLY BUILT HOMES

$696,342

AVERAGE PRICE OF 19 HOMES WITH A POOL

$458,444

AVERAGE PRICE OF 19 REDUCED PRICE HOMES

Average Home

Average Price $447,780
Avg Bedrooms 3.32 beds
Avg Bathrooms 2.2 baths

Average Price by Bedrooms

1 bedroom $300,066
2 bedrooms $277,867
3 bedrooms $385,869
4 bedrooms $576,090
5 bedrooms $620,028
Salem Home Price Trends
  5/2021 4/2021 3/2021 2/2021 1/2021
Total Listings 598 545 495 n/a 433
Average Price $438,237 $424,285 $424,533 n/a $1,045,943
Avg Price Change +3.29% -0.06% n/a n/a +142.77%
Median Price $386,263 $374,917 $372,352 n/a $361,969
Med Price Change +3.03% +0.69% n/a n/a +0.20%
Avg Bedrooms 3.32 beds 3.28 beds 3.29 beds n/a 3.33 beds
Avg Bathrooms 2.25 baths 2.21 baths 2.22 baths n/a 2.3 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 63 $339,112 30 days
North Salem 79 $388,810 30 days
South Salem 118 $395,584 41 days
Sprague 168 $557,441 58 days
West Salem 96 $549,336 53 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 646 $447,780 47 days
Multi-Million Dollar Homes 20 $1,499,490 67 days
Newly Built Homes 88 $488,213 106 days
Homes with a Pool 19 $696,342 69 days
Reduced Price Homes 19 $458,444 33 days