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Salem Market Report

$363,783

AVERAGE PRICE OF 755 HOMES

$279,900

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,453,139

AVERAGE PRICE OF 11 MULTI-MILLION DOLLAR HOMES

$399,874

AVERAGE PRICE OF 133 NEWLY BUILT HOMES

$525,754

AVERAGE PRICE OF 43 HOMES WITH A POOL

$407,202

AVERAGE PRICE OF 40 REDUCED PRICE HOMES

Average Home

Average Price $363,783
Avg Bedrooms 3.34 beds
Avg Bathrooms 2.4 baths

Average Price by Bedrooms

1 bedroom $97,450
2 bedrooms $221,082
3 bedrooms $329,451
4 bedrooms $435,291
5 bedrooms $492,390
Salem Home Price Trends
  2/2019 1/2019 12/2018 11/2018 10/2018
Total Listings 726 695 750 841 843
Average Price $363,595 $389,773 $405,661 $397,171 $401,655
Avg Price Change -7.20% -4.08% +2.14% -1.13% +0.16%
Median Price $319,815 $327,357 $325,181 $322,421 $325,942
Med Price Change -2.36% +0.67% +0.86% -1.09% -0.65%
Avg Bedrooms 3.34 beds 3.36 beds 3.38 beds 3.35 beds 3.35 beds
Avg Bathrooms 2.41 baths 2.45 baths 2.44 baths 2.41 baths 2.43 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 83 $277,059 55 days
North Salem 78 $296,025 50 days
South Salem 138 $351,003 68 days
Sprague 161 $407,478 81 days
West Salem 147 $426,346 72 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 755 $363,783 69 days
Distressed Homes 1 $279,900 102 days
Multi-Million Dollar Homes 11 $1,453,139 349 days
Newly Built Homes 133 $399,874 86 days
Homes with a Pool 43 $525,754 79 days
Reduced Price Homes 40 $407,202 60 days
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