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  • Salem Market Report

    $379,906

    AVERAGE PRICE OF 984 HOMES

    $327,000

    AVERAGE PRICE OF 2 DISTRESSED HOMES

    $1,503,279

    AVERAGE PRICE OF 14 MULTI-MILLION DOLLAR HOMES

    $407,484

    AVERAGE PRICE OF 145 NEWLY BUILT HOMES

    $508,703

    AVERAGE PRICE OF 61 HOMES WITH A POOL

    $374,836

    AVERAGE PRICE OF 46 REDUCED PRICE HOMES

    Average Home

    Average Price $379,906
    Avg Bedrooms 3.38 beds
    Avg Bathrooms 2.47 baths

    Average Price by Bedrooms

    1 bedroom $152,500
    2 bedrooms $214,493
    3 bedrooms $344,158
    4 bedrooms $445,196
    5 bedrooms $548,620
    Salem Home Price Trends
      5/2019 4/2019 3/2019 2/2019 1/2019
    Total Listings 892 813 752 726 695
    Average Price $377,856 $373,174 $363,997 $363,595 $389,773
    Avg Price Change +1.25% +2.52% +0.11% -7.20% -4.08%
    Median Price $329,844 $322,908 $319,917 $319,815 $327,357
    Med Price Change +2.15% +0.93% +0.03% -2.36% +0.67%
    Avg Bedrooms 3.36 beds 3.35 beds 3.34 beds 3.34 beds 3.36 beds
    Avg Bathrooms 2.45 baths 2.44 baths 2.41 baths 2.41 baths 2.45 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Site
    McKay 94 $303,111 48 days
    North Salem 95 $301,633 42 days
    South Salem 169 $379,670 55 days
    Sprague 240 $424,714 60 days
    West Salem 190 $439,384 60 days
    Home Price by House Size
    Total Homes Average Price Avg Days on Site
    All Homes 984 $379,906 56 days
    Distressed Homes 2 $327,000 135 days
    Multi-Million Dollar Homes 14 $1,503,279 197 days
    Newly Built Homes 145 $407,484 98 days
    Homes with a Pool 61 $508,703 66 days
    Reduced Price Homes 46 $374,836 39 days