Salem Market Report
$711,983
AVERAGE PRICE OF 477 HOMES$2,587,777
AVERAGE PRICE OF 53 MULTI-MILLION DOLLAR HOMES$560,278
AVERAGE PRICE OF 24 REDUCED PRICE HOMES$355,000
AVERAGE PRICE OF 1 DISTRESSED HOMES$824,679
AVERAGE PRICE OF 62 NEWLY BUILT HOMES$709,622
AVERAGE PRICE OF 9 HOMES WITH A POOLAverage Home
| Average Price | $711,983 |
| Avg Bedrooms | 3.53 beds |
| Avg Bathrooms | 2.88 baths |
Average Price by Bedrooms
| 1 bedroom | $248,540 |
| 2 bedrooms | $249,724 |
| 3 bedrooms | $430,700 |
| 4 bedrooms | $620,146 |
| 5 bedrooms | $1,485,468 |
Salem Home Price Trends
| 9/2024 | 8/2024 | 7/2024 | 6/2024 | 5/2024 | |
|---|---|---|---|---|---|
| Total Listings | 1,343 | 1,351 | 1,324 | 1,240 | 1,175 |
| Average Price | $579,695 | $581,148 | $568,893 | $564,970 | $553,973 |
| Avg Price Change | -0.25% | +2.15% | +0.69% | +1.99% | -1.35% |
| Median Price | $468,902 | $469,628 | $463,742 | $463,343 | $465,286 |
| Med Price Change | -0.15% | +1.27% | +0.09% | -0.42% | +1.13% |
| Avg Bedrooms | 3.44 beds | 3.19 beds | 2.88 beds | 2.81 beds | 3.03 beds |
| Avg Bathrooms | 2.8 baths | 2.47 baths | 2.02 baths | 1.95 baths | 2.1 baths |
Home Price by High School
| School Name | Total Homes | Average Price |
|---|---|---|
| South Salem | 101 | $633,681 |
| South Salem High | 3 | $1,160,000 |
Home Price by House Size
| Total Homes | Average Price | |
|---|---|---|
| All Homes | 477 | $711,983 |
| Multi-Million Dollar Homes | 53 | $2,587,777 |
| Reduced Price Homes | 24 | $560,278 |
| Distressed Homes | 1 | $355,000 |
| Newly Built Homes | 62 | $824,679 |
| Homes with a Pool | 9 | $709,622 |
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© 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.
icon are courtesy of Northwest MLS.
