If you need assistance, please call 503-877-6000

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 HOMES

Average 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
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 9/26/2021 11:36 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.
This site powered by CINC: www.cincpro.com