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Salem Market Report

$516,637

AVERAGE PRICE OF 594 HOMES

$524,500

AVERAGE PRICE OF 2 DISTRESSED HOMES

$1,666,389

AVERAGE PRICE OF 27 MULTI-MILLION DOLLAR HOMES

$568,944

AVERAGE PRICE OF 73 NEWLY BUILT HOMES

$722,081

AVERAGE PRICE OF 27 HOMES WITH A POOL

$590,568

AVERAGE PRICE OF 29 REDUCED PRICE HOMES

Average Home

Average Price $516,637
Avg Bedrooms 3.24 beds
Avg Bathrooms 2.38 baths

Average Price by Bedrooms

1 bedroom $250,542
2 bedrooms $216,982
3 bedrooms $491,010
4 bedrooms $664,840
5 bedrooms $834,823
Salem Home Price Trends
  1/2025 12/2024 11/2024 10/2024 9/2024
Total Listings 948 1,065 1,171 1,263 1,339
Average Price $583,070 $579,494 $605,646 $594,396 $578,633
Avg Price Change +0.62% -4.51% +1.89% +2.72% -0.43%
Median Price $453,735 $460,052 $472,261 $469,253 $468,388
Med Price Change -1.39% -2.65% +0.64% +0.18% -0.26%
Avg Bedrooms 2.96 beds 3 beds 3.06 beds 3.08 beds 3.07 beds
Avg Bathrooms 2.24 baths 2.25 baths 2.29 baths 2.28 baths 2.29 baths
Home Price by High School
School Name Total Homes Average Price
Sprague 134 $650,671
Home Price by House Size
Total Homes Average Price
All Homes 594 $516,637
Distressed Homes 2 $524,500
Multi-Million Dollar Homes 27 $1,666,389
Newly Built Homes 73 $568,944
Homes with a Pool 27 $722,081
Reduced Price Homes 29 $590,568

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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 2/13/2025 11:47 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

© 2025 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.
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