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Salem Market Report

$393,067

AVERAGE PRICE OF 704 HOMES

$238,933

AVERAGE PRICE OF 3 DISTRESSED HOMES

$2,490,810

AVERAGE PRICE OF 13 MULTI-MILLION DOLLAR HOMES

$406,174

AVERAGE PRICE OF 121 NEWLY BUILT HOMES

$598,105

AVERAGE PRICE OF 37 HOMES WITH A POOL

$399,863

AVERAGE PRICE OF 33 REDUCED PRICE HOMES

Average Home

Average Price $393,067
Avg Bedrooms 3.36 beds
Avg Bathrooms 2.45 baths

Average Price by Bedrooms

1 bedroom $85,350
2 bedrooms $206,665
3 bedrooms $375,816
4 bedrooms $438,281
5 bedrooms $538,068
Salem Home Price Trends
  12/2018 11/2018 10/2018 9/2018 8/2018
Total Listings 750 841 843 884 891
Average Price $405,661 $397,171 $401,655 $400,995 $408,145
Avg Price Change +2.14% -1.13% +0.16% -1.78% -2.48%
Median Price $325,181 $322,421 $325,942 $328,070 $334,695
Med Price Change +0.86% -1.09% -0.65% -2.02% -2.39%
Avg Bedrooms 3.38 beds 3.35 beds 3.35 beds 3.33 beds 3.36 beds
Avg Bathrooms 2.44 baths 2.41 baths 2.43 baths 2.45 baths 2.47 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 84 $264,431 61 days
North Salem 78 $312,800 68 days
South Salem 136 $364,121 57 days
Sprague 153 $423,243 92 days
West Salem 121 $565,994 101 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 704 $393,067 78 days
Distressed Homes 3 $238,933 36 days
Multi-Million Dollar Homes 13 $2,490,810 335 days
Newly Built Homes 121 $406,174 103 days
Homes with a Pool 37 $598,105 95 days
Reduced Price Homes 33 $399,863 64 days
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