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Salem Market Report

$576,916

AVERAGE PRICE OF 837 HOMES

$3,147,685

AVERAGE PRICE OF 36 MULTI-MILLION DOLLAR HOMES

$868,925

AVERAGE PRICE OF 171 NEWLY BUILT HOMES

$756,668

AVERAGE PRICE OF 28 HOMES WITH A POOL

$491,294

AVERAGE PRICE OF 33 REDUCED PRICE HOMES

$319,200

AVERAGE PRICE OF 2 DISTRESSED HOMES

Average Home

Average Price $576,916
Avg Bedrooms 3.02 beds
Avg Bathrooms 2.23 baths

Average Price by Bedrooms

1 bedroom $215,287
2 bedrooms $252,596
3 bedrooms $476,684
4 bedrooms $590,706
5 bedrooms $835,120
Salem Home Price Trends
  2/2023 1/2023 12/2022 11/2022 10/2022
Total Listings 906 873 972 1,137 1,213
Average Price $562,533 $579,634 $572,901 $510,908 $518,611
Avg Price Change -3.04% +1.18% +12.13% -1.51% -2.93%
Median Price $444,477 $450,001 $449,082 $449,031 $450,293
Med Price Change -1.24% +0.20% +0.01% -0.28% -3.30%
Avg Bedrooms 3.12 beds 3.15 beds 3.15 beds 3.16 beds 3.17 beds
Avg Bathrooms 2.29 baths 2.35 baths 2.33 baths 2.32 baths 2.29 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 80 $356,291 81 days
North Salem 152 $418,028 73 days
South Salem 197 $559,581 82 days
Sprague 159 $582,050 75 days
West Salem 132 $1,016,737 96 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 837 $576,916 82 days
Multi-Million Dollar Homes 36 $3,147,685 154 days
Newly Built Homes 171 $868,925 111 days
Homes with a Pool 28 $756,668 76 days
Reduced Price Homes 33 $491,294 58 days
Distressed Homes 2 $319,200 46 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 3/29/2023 9:38 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

© 2023 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. 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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