Salem Market Report
$617,561
AVERAGE PRICE OF 877 HOMES$538,582
AVERAGE PRICE OF 129 NEWLY BUILT HOMES$687,537
AVERAGE PRICE OF 30 HOMES WITH A POOL$2,684,100
AVERAGE PRICE OF 58 MULTI-MILLION DOLLAR HOMES$588,077
AVERAGE PRICE OF 28 REDUCED PRICE HOMES$250,000
AVERAGE PRICE OF 1 DISTRESSED HOMESAverage Home
| Average Price | $617,561 |
| Avg Bedrooms | 3.44 beds |
| Avg Bathrooms | 2.31 baths |
Average Price by Bedrooms
| 1 bedroom | $186,644 |
| 2 bedrooms | $315,553 |
| 3 bedrooms | $468,609 |
| 4 bedrooms | $657,316 |
| 5 bedrooms | $650,071 |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Sprague High School | 172 | $597,948 | 52 days |
| South Salem High School | 170 | $563,765 | 73 days |
| West Salem High School | 141 | $580,246 | 62 days |
| North Salem High School | 139 | $441,598 | 55 days |
| McKay High School | 96 | $451,249 | 50 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 877 | $617,561 | 61 days |
| Newly Built Homes | 129 | $538,582 | 81 days |
| Homes with a Pool | 30 | $687,537 | 78 days |
| Multi-Million Dollar Homes | 58 | $2,684,100 | 139 days |
| Reduced Price Homes | 28 | $588,077 | 32 days |
| Distressed Homes | 1 | $250,000 | 50 days |
