Salem Market Report
$490,129
AVERAGE PRICE OF 1,088 HOMES$235,000
AVERAGE PRICE OF 1 DISTRESSED HOMES$1,952,567
AVERAGE PRICE OF 38 MULTI-MILLION DOLLAR HOMES$513,312
AVERAGE PRICE OF 144 NEWLY BUILT HOMES$568,251
AVERAGE PRICE OF 37 HOMES WITH A POOL$464,596
AVERAGE PRICE OF 48 REDUCED PRICE HOMESAverage Home
| Average Price | $490,129 |
| Avg Bedrooms | 3.29 beds |
| Avg Bathrooms | 2.14 baths |
Average Price by Bedrooms
| 1 bedroom | $316,416 |
| 2 bedrooms | $318,332 |
| 3 bedrooms | $452,928 |
| 4 bedrooms | $556,198 |
| 5 bedrooms | $709,361 |
Salem Home Price Trends
| 8/2021 | 7/2021 | 6/2021 | 5/2021 | 4/2021 | |
|---|---|---|---|---|---|
| Total Listings | 1,071 | 1,008 | 1,007 | 926 | 848 |
| Average Price | $487,662 | $479,025 | $462,418 | $441,993 | $427,846 |
| Avg Price Change | +1.80% | +3.59% | +4.62% | +3.31% | -0.63% |
| Median Price | $401,500 | $401,281 | $393,610 | $388,600 | $374,773 |
| Med Price Change | +0.05% | +1.95% | +1.29% | +3.69% | +0.80% |
| Avg Bedrooms | 3.34 beds | 3.38 beds | 3.39 beds | 3.36 beds | 3.31 beds |
| Avg Bathrooms | 2.17 baths | 2.19 baths | 2.19 baths | 2.17 baths | 2.17 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| McKay | 164 | $371,118 | 49 days |
| North Salem | 130 | $367,719 | 50 days |
| South Salem | 235 | $441,100 | 52 days |
| Sprague | 256 | $599,783 | 56 days |
| West Salem | 158 | $583,693 | 61 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,088 | $490,129 | 53 days |
| Distressed Homes | 1 | $235,000 | 102 days |
| Multi-Million Dollar Homes | 38 | $1,952,567 | 78 days |
| Newly Built Homes | 144 | $513,312 | 85 days |
| Homes with a Pool | 37 | $568,251 | 125 days |
| Reduced Price Homes | 48 | $464,596 | 36 days |
