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Salem Market Report

$444,568

AVERAGE PRICE OF 703 HOMES

$232,295

AVERAGE PRICE OF 4 DISTRESSED HOMES

$1,458,230

AVERAGE PRICE OF 29 MULTI-MILLION DOLLAR HOMES

$406,465

AVERAGE PRICE OF 174 NEWLY BUILT HOMES

$710,056

AVERAGE PRICE OF 32 HOMES WITH A POOL

$554,094

AVERAGE PRICE OF 15 REDUCED PRICE HOMES

Average Home

Average Price $444,568
Avg Bedrooms 3.38 beds
Avg Bathrooms 2.24 baths

Average Price by Bedrooms

1 bedroom $341,249
2 bedrooms $262,877
3 bedrooms $374,958
4 bedrooms $504,333
5 bedrooms $738,373
Salem Home Price Trends
  1/2021 12/2020 11/2020 10/2020 9/2020
Total Listings 685 787 974 1,064 1,142
Average Price $829,833 $443,100 $433,119 $429,649 $430,561
Avg Price Change +87.28% +2.30% +0.81% -0.21% +1.46%
Median Price $363,038 $361,207 $355,289 $351,523 $352,682
Med Price Change +0.51% +1.67% +1.07% -0.33% +0.24%
Avg Bedrooms 3.38 beds 3.4 beds 3.4 beds 3.38 beds 3.39 beds
Avg Bathrooms 2.25 baths 2.26 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
McKay 115 $346,952 48 days
North Salem 63 $378,818 75 days
South Salem 146 $403,591 76 days
Sprague 166 $551,993 108 days
West Salem 96 $540,190 133 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 703 $444,568 84 days
Distressed Homes 4 $232,295 43 days
Multi-Million Dollar Homes 29 $1,458,230 147 days
Newly Built Homes 174 $406,465 75 days
Homes with a Pool 32 $710,056 117 days
Reduced Price Homes 15 $554,094 59 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 2/24/2021 2:57 PM 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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