If you need assistance, please call 971-208-5093

Salem Market Report

$379,183

AVERAGE PRICE OF 926 HOMES

$301,666

AVERAGE PRICE OF 3 DISTRESSED HOMES

$1,622,641

AVERAGE PRICE OF 13 MULTI-MILLION DOLLAR HOMES

$406,526

AVERAGE PRICE OF 138 NEWLY BUILT HOMES

$527,927

AVERAGE PRICE OF 61 HOMES WITH A POOL

$364,802

AVERAGE PRICE OF 37 REDUCED PRICE HOMES

Average Home

Average Price $379,183
Avg Bedrooms 3.37 beds
Avg Bathrooms 2.46 baths

Average Price by Bedrooms

1 bedroom $210,000
2 bedrooms $223,798
3 bedrooms $338,096
4 bedrooms $441,360
5 bedrooms $584,940
Salem Home Price Trends
  4/2019 3/2019 2/2019 1/2019 12/2018
Total Listings 813 752 726 695 750
Average Price $373,174 $363,997 $363,595 $389,773 $405,661
Avg Price Change +2.52% +0.11% -7.20% -4.08% +2.14%
Median Price $322,908 $319,917 $319,815 $327,357 $325,181
Med Price Change +0.93% +0.03% -2.36% +0.67% +0.86%
Avg Bedrooms 3.35 beds 3.34 beds 3.34 beds 3.36 beds 3.38 beds
Avg Bathrooms 2.44 baths 2.41 baths 2.41 baths 2.45 baths 2.44 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 108 $290,773 46 days
North Salem 91 $294,209 43 days
South Salem 154 $372,807 60 days
Sprague 216 $416,279 63 days
West Salem 174 $450,147 68 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 926 $379,183 60 days
Distressed Homes 3 $301,666 83 days
Multi-Million Dollar Homes 13 $1,622,641 255 days
Newly Built Homes 138 $406,526 102 days
Homes with a Pool 61 $527,927 67 days
Reduced Price Homes 37 $364,802 43 days
The McLeod Group Network - KW Capital City
Amy McLeod
1900 Hines St SE, Suite 220
Salem, OR 97302
971-208-5093
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Lighthouse Mortgage
Phil Gerstner
110 Wallace Rd. NW
Salem, OR 97304
503-871-4968
NMLS# 291931

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Traci Benjamin
Homeside Mortgage
Sales Manager, AVP
tbenjamin@gohomeside.com
NMLS 11736
Direct: 503-843-8072
Cell: 503-932-5511

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Aaron Memmott
Finance of America
Mortgage Advisor
amemmott@financeofamerica.com
NMLS# 1048117
Direct: (503) 718-9876
Cell: (503) 551-1115
Fax: (855) 639-2956

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Elizabeth Smith
Caliber Home Loans
elizabeth.smith@caliberhomeloans.com
NMLS# 228191
Cell: 503-910-0415
eFAX: 844-538-4687

© 2019 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. Information contained on this site is deemed reliable but not guaranteed.