Salem Market Report
$437,768
AVERAGE PRICE OF 930 HOMES$197,500
AVERAGE PRICE OF 2 DISTRESSED HOMES$1,584,043
AVERAGE PRICE OF 21 MULTI-MILLION DOLLAR HOMES$432,994
AVERAGE PRICE OF 206 NEWLY BUILT HOMES$686,368
AVERAGE PRICE OF 26 HOMES WITH A POOL$451,624
AVERAGE PRICE OF 20 REDUCED PRICE HOMESAverage Home
| Average Price | $437,768 |
| Avg Bedrooms | 3.34 beds |
| Avg Bathrooms | 2.17 baths |
Average Price by Bedrooms
| 1 bedroom | $293,925 |
| 2 bedrooms | $251,681 |
| 3 bedrooms | $390,163 |
| 4 bedrooms | $512,043 |
| 5 bedrooms | $664,457 |
Salem Home Price Trends
| 4/2021 | 3/2021 | 2/2021 | 1/2021 | 12/2020 | |
|---|---|---|---|---|---|
| Total Listings | 848 | 781 | n/a | 685 | 787 |
| Average Price | $427,846 | $430,547 | n/a | $829,833 | $443,100 |
| Avg Price Change | -0.63% | n/a | n/a | +87.28% | +2.30% |
| Median Price | $374,773 | $371,805 | n/a | $363,038 | $361,207 |
| Med Price Change | +0.80% | n/a | n/a | +0.51% | +1.67% |
| Avg Bedrooms | 3.31 beds | 3.32 beds | n/a | 3.38 beds | 3.4 beds |
| Avg Bathrooms | 2.17 baths | 2.18 baths | n/a | 2.25 baths | 2.26 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| McKay | 146 | $350,778 | 46 days |
| North Salem | 120 | $368,070 | 41 days |
| South Salem | 193 | $400,178 | 52 days |
| Sprague | 202 | $564,070 | 51 days |
| West Salem | 129 | $526,672 | 71 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 930 | $437,768 | 55 days |
| Distressed Homes | 2 | $197,500 | 128 days |
| Multi-Million Dollar Homes | 21 | $1,584,043 | 182 days |
| Newly Built Homes | 206 | $432,994 | 81 days |
| Homes with a Pool | 26 | $686,368 | 164 days |
| Reduced Price Homes | 20 | $451,624 | 15 days |
