Salem Market Report
$444,568
AVERAGE PRICE OF 703 HOMES$232,295
AVERAGE PRICE OF 4 DISTRESSED HOMES$1,458,230
AVERAGE PRICE OF 29 MULTI-MILLION DOLLAR HOMES$406,465
AVERAGE PRICE OF 174 NEWLY BUILT HOMES$710,056
AVERAGE PRICE OF 32 HOMES WITH A POOL$554,094
AVERAGE PRICE OF 15 REDUCED PRICE HOMESAverage Home
| Average Price | $444,568 |
| Avg Bedrooms | 3.38 beds |
| Avg Bathrooms | 2.24 baths |
Average Price by Bedrooms
| 1 bedroom | $341,249 |
| 2 bedrooms | $262,877 |
| 3 bedrooms | $374,958 |
| 4 bedrooms | $504,333 |
| 5 bedrooms | $738,373 |
Salem Home Price Trends
| 1/2021 | 12/2020 | 11/2020 | 10/2020 | 9/2020 | |
|---|---|---|---|---|---|
| Total Listings | 685 | 787 | 974 | 1,064 | 1,142 |
| Average Price | $829,833 | $443,100 | $433,119 | $429,649 | $430,561 |
| Avg Price Change | +87.28% | +2.30% | +0.81% | -0.21% | +1.46% |
| Median Price | $363,038 | $361,207 | $355,289 | $351,523 | $352,682 |
| Med Price Change | +0.51% | +1.67% | +1.07% | -0.33% | +0.24% |
| Avg Bedrooms | 3.38 beds | 3.4 beds | 3.4 beds | 3.38 beds | 3.39 beds |
| Avg Bathrooms | 2.25 baths | 2.26 baths | 2.25 baths | 2.24 baths | 2.24 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| McKay | 115 | $346,952 | 48 days |
| North Salem | 63 | $378,818 | 75 days |
| South Salem | 146 | $403,591 | 76 days |
| Sprague | 166 | $551,993 | 108 days |
| West Salem | 96 | $540,190 | 133 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 703 | $444,568 | 84 days |
| Distressed Homes | 4 | $232,295 | 43 days |
| Multi-Million Dollar Homes | 29 | $1,458,230 | 147 days |
| Newly Built Homes | 174 | $406,465 | 75 days |
| Homes with a Pool | 32 | $710,056 | 117 days |
| Reduced Price Homes | 15 | $554,094 | 59 days |
