If you need assistance, please call 503-881-2313

Salem Market Report

$422,856

AVERAGE PRICE OF 580 HOMES

$1,377,574

AVERAGE PRICE OF 19 MULTI-MILLION DOLLAR HOMES

$398,768

AVERAGE PRICE OF 101 NEWLY BUILT HOMES

$616,425

AVERAGE PRICE OF 33 HOMES WITH A POOL

$501,600

AVERAGE PRICE OF 6 REDUCED PRICE HOMES

Average Home

Average Price $422,856
Avg Bedrooms 3.35 beds
Avg Bathrooms 2.31 baths

Average Price by Bedrooms

1 bedroom $543,933
2 bedrooms $236,955
3 bedrooms $354,291
4 bedrooms $565,110
5 bedrooms $593,314
Salem Home Price Trends
  11/2020 10/2020 9/2020 8/2020 7/2020
Total Listings n/a 659 710 738 738
Average Price n/a $425,376 $424,989 $417,040 $420,314
Avg Price Change n/a +0.09% +1.91% -0.79% +0.08%
Median Price n/a $351,171 $351,100 $349,853 $352,575
Med Price Change n/a +0.02% +0.36% -0.78% +0.52%
Avg Bedrooms n/a 3.31 beds 3.29 beds 3.3 beds 3.33 beds
Avg Bathrooms n/a 2.29 baths 2.29 baths 2.26 baths 2.29 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 59 $330,748 46 days
North Salem 71 $342,285 55 days
South Salem 115 $405,889 66 days
Sprague 149 $498,151 56 days
West Salem 77 $527,702 91 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 580 $422,856 63 days
Multi-Million Dollar Homes 19 $1,377,574 139 days
Newly Built Homes 101 $398,768 72 days
Homes with a Pool 33 $616,425 99 days
Reduced Price Homes 6 $501,600 62 days