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 HOMESAverage 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 |
