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Salem Market Report

$654,595

AVERAGE PRICE OF 374 HOMES

$299,999

AVERAGE PRICE OF 1 DISTRESSED HOMES

$2,583,848

AVERAGE PRICE OF 35 MULTI-MILLION DOLLAR HOMES

$702,790

AVERAGE PRICE OF 88 NEWLY BUILT HOMES

$671,537

AVERAGE PRICE OF 8 HOMES WITH A POOL

$599,195

AVERAGE PRICE OF 23 REDUCED PRICE HOMES

Average Home

Average Price $654,595
Avg Bedrooms 2.89 beds
Avg Bathrooms 2.17 baths

Average Price by Bedrooms

1 bedroom $201,850
2 bedrooms $297,271
3 bedrooms $453,295
4 bedrooms $597,473
5 bedrooms $851,844
Salem Home Price Trends
  2/2024 1/2024 12/2023 11/2023 10/2023
Total Listings 893 882 925 966 990
Average Price $556,292 $560,694 $558,920 $556,344 $561,996
Avg Price Change -0.79% +0.32% +0.46% -1.02% -0.14%
Median Price $446,432 $449,664 $450,979 $449,894 $460,266
Med Price Change -0.72% -0.29% +0.24% -2.31% -0.96%
Avg Bedrooms 3.06 beds 3.05 beds 3.05 beds 3.03 beds 3.06 beds
Avg Bathrooms 2.28 baths 2.28 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
South Salem 97 $594,918 110 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 374 $654,595 100 days
Distressed Homes 1 $299,999 167 days
Multi-Million Dollar Homes 35 $2,583,848 177 days
Newly Built Homes 88 $702,790 75 days
Homes with a Pool 8 $671,537 118 days
Reduced Price Homes 23 $599,195 92 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 3/1/2024 7:09 PM 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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