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Salem Market Report

$437,768

AVERAGE PRICE OF 930 HOMES

$197,500

AVERAGE PRICE OF 2 DISTRESSED HOMES

$1,584,043

AVERAGE PRICE OF 21 MULTI-MILLION DOLLAR HOMES

$432,994

AVERAGE PRICE OF 206 NEWLY BUILT HOMES

$686,368

AVERAGE PRICE OF 26 HOMES WITH A POOL

$451,624

AVERAGE PRICE OF 20 REDUCED PRICE HOMES

Average Home

Average Price $437,768
Avg Bedrooms 3.34 beds
Avg Bathrooms 2.17 baths

Average Price by Bedrooms

1 bedroom $293,925
2 bedrooms $251,681
3 bedrooms $390,163
4 bedrooms $512,043
5 bedrooms $664,457
Salem Home Price Trends
  4/2021 3/2021 2/2021 1/2021 12/2020
Total Listings 848 781 n/a 685 787
Average Price $427,846 $430,547 n/a $829,833 $443,100
Avg Price Change -0.63% n/a n/a +87.28% +2.30%
Median Price $374,773 $371,805 n/a $363,038 $361,207
Med Price Change +0.80% n/a n/a +0.51% +1.67%
Avg Bedrooms 3.31 beds 3.32 beds n/a 3.38 beds 3.4 beds
Avg Bathrooms 2.17 baths 2.18 baths n/a 2.25 baths 2.26 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 146 $350,778 46 days
North Salem 120 $368,070 41 days
South Salem 193 $400,178 52 days
Sprague 202 $564,070 51 days
West Salem 129 $526,672 71 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 930 $437,768 55 days
Distressed Homes 2 $197,500 128 days
Multi-Million Dollar Homes 21 $1,584,043 182 days
Newly Built Homes 206 $432,994 81 days
Homes with a Pool 26 $686,368 164 days
Reduced Price Homes 20 $451,624 15 days
BrightHome Real Estate Group
3505 Commercial St
Salem, OR 97302
503-877-6000

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS(TM) of Portland, Oregon. Real estate listings held by brokerage firms other than Bright Home Real Estate Group are marked with the RMLS(TM) logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © RMLS(TM), Portland, Oregon.

All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated 5/17/2021 5:46 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

© 2021 Willamette Valley Multiple Listing Service. All rights reserved. The data relating to real estate for sale comes in part from the Willamette Valley Multiple Listing Service. Information contained on this site is deemed reliable but not guaranteed.
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