Salem Market Report
$493,817
AVERAGE PRICE OF 1,095 HOMES$235,000
AVERAGE PRICE OF 1 DISTRESSED HOMES$2,005,363
AVERAGE PRICE OF 40 MULTI-MILLION DOLLAR HOMES$509,820
AVERAGE PRICE OF 140 NEWLY BUILT HOMES$574,727
AVERAGE PRICE OF 43 HOMES WITH A POOL$486,817
AVERAGE PRICE OF 35 REDUCED PRICE HOMESAverage Home
| Average Price | $493,817 |
| Avg Bedrooms | 3.3 beds |
| Avg Bathrooms | 2.14 baths |
Average Price by Bedrooms
| 1 bedroom | $298,265 |
| 2 bedrooms | $318,512 |
| 3 bedrooms | $448,432 |
| 4 bedrooms | $576,385 |
| 5 bedrooms | $702,987 |
Salem Home Price Trends
| 8/2021 | 7/2021 | 6/2021 | 5/2021 | 4/2021 | |
|---|---|---|---|---|---|
| Total Listings | 1,071 | 1,008 | 1,007 | 926 | 848 |
| Average Price | $487,662 | $479,025 | $462,418 | $441,993 | $427,846 |
| Avg Price Change | +1.80% | +3.59% | +4.62% | +3.31% | -0.63% |
| Median Price | $401,500 | $401,281 | $393,610 | $388,600 | $374,773 |
| Med Price Change | +0.05% | +1.95% | +1.29% | +3.69% | +0.80% |
| Avg Bedrooms | 3.34 beds | 3.38 beds | 3.39 beds | 3.36 beds | 3.31 beds |
| Avg Bathrooms | 2.17 baths | 2.19 baths | 2.19 baths | 2.17 baths | 2.17 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| McKay | 160 | $369,754 | 52 days |
| North Salem | 130 | $379,418 | 49 days |
| South Salem | 231 | $439,709 | 48 days |
| Sprague | 275 | $579,738 | 55 days |
| West Salem | 160 | $608,387 | 61 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,095 | $493,817 | 53 days |
| Distressed Homes | 1 | $235,000 | 92 days |
| Multi-Million Dollar Homes | 40 | $2,005,363 | 73 days |
| Newly Built Homes | 140 | $509,820 | 88 days |
| Homes with a Pool | 43 | $574,727 | 110 days |
| Reduced Price Homes | 35 | $486,817 | 36 days |
