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Salem Market Report

$500,622

AVERAGE PRICE OF 778 HOMES

$1,306,395

AVERAGE PRICE OF 40 MULTI-MILLION DOLLAR HOMES

$571,362

AVERAGE PRICE OF 111 NEWLY BUILT HOMES

$653,487

AVERAGE PRICE OF 39 HOMES WITH A POOL

$525,993

AVERAGE PRICE OF 47 REDUCED PRICE HOMES

Average Home

Average Price $500,622
Avg Bedrooms 3.22 beds
Avg Bathrooms 2.38 baths

Average Price by Bedrooms

1 bedroom $268,885
2 bedrooms $246,053
3 bedrooms $480,329
4 bedrooms $640,949
5 bedrooms $740,010
Salem Home Price Trends
  5/2024 4/2024 3/2024 2/2024 1/2024
Total Listings 1,172 1,105 977 893 882
Average Price $553,918 $561,468 $557,052 $556,292 $560,694
Avg Price Change -1.36% +0.79% +0.14% -0.79% +0.32%
Median Price $465,156 $460,092 $450,297 $446,432 $449,664
Med Price Change +1.10% +2.18% +0.87% -0.72% -0.29%
Avg Bedrooms 3.1 beds 3.08 beds 3.07 beds 3.06 beds 3.05 beds
Avg Bathrooms 2.31 baths 2.31 baths 2.28 baths 2.28 baths 2.28 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Sprague 198 $572,620 61 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 778 $500,622 63 days
Multi-Million Dollar Homes 40 $1,306,395 99 days
Newly Built Homes 111 $571,362 105 days
Homes with a Pool 39 $653,487 41 days
Reduced Price Homes 47 $525,993 47 days

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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 Amy Clark - BrightHome 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 6/15/2024 6:44 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

© 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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