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  • Salem Market Report

    $389,610

    AVERAGE PRICE OF 1,098 HOMES

    $311,087

    AVERAGE PRICE OF 4 DISTRESSED HOMES

    $1,586,788

    AVERAGE PRICE OF 20 MULTI-MILLION DOLLAR HOMES

    $400,529

    AVERAGE PRICE OF 137 NEWLY BUILT HOMES

    $542,499

    AVERAGE PRICE OF 62 HOMES WITH A POOL

    $396,537

    AVERAGE PRICE OF 74 REDUCED PRICE HOMES

    Average Home

    Average Price $389,610
    Avg Bedrooms 3.36 beds
    Avg Bathrooms 2.45 baths

    Average Price by Bedrooms

    1 bedroom $193,725
    2 bedrooms $214,022
    3 bedrooms $343,171
    4 bedrooms $470,127
    5 bedrooms $587,138
    Salem Home Price Trends
      7/2019 6/2019 5/2019 4/2019 3/2019
    Total Listings n/a 971 892 813 752
    Average Price n/a $382,398 $377,856 $373,174 $363,997
    Avg Price Change n/a +1.20% +1.25% +2.52% +0.11%
    Median Price n/a $341,049 $329,844 $322,908 $319,917
    Med Price Change n/a +3.40% +2.15% +0.93% +0.03%
    Avg Bedrooms n/a 3.38 beds 3.36 beds 3.35 beds 3.34 beds
    Avg Bathrooms n/a 2.48 baths 2.45 baths 2.44 baths 2.41 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Site
    McKay 126 $299,139 44 days
    North Salem 121 $288,414 41 days
    South Salem 194 $389,161 57 days
    Sprague 272 $454,043 60 days
    West Salem 191 $427,933 65 days
    Home Price by House Size
    Total Homes Average Price Avg Days on Site
    All Homes 1,098 $389,610 56 days
    Distressed Homes 4 $311,087 16 days
    Multi-Million Dollar Homes 20 $1,586,788 146 days
    Newly Built Homes 137 $400,529 95 days
    Homes with a Pool 62 $542,499 70 days
    Reduced Price Homes 74 $396,537 37 days