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Salem Market Report

$717,684

AVERAGE PRICE OF 321 HOMES

$4,657,200

AVERAGE PRICE OF 19 MULTI-MILLION DOLLAR HOMES

$1,264,043

AVERAGE PRICE OF 69 NEWLY BUILT HOMES

$928,766

AVERAGE PRICE OF 6 HOMES WITH A POOL

$542,270

AVERAGE PRICE OF 13 REDUCED PRICE HOMES

Average Home

Average Price $717,684
Avg Bedrooms 2.8 beds
Avg Bathrooms 2.12 baths

Average Price by Bedrooms

1 bedroom $220,875
2 bedrooms $257,531
3 bedrooms $487,298
4 bedrooms $588,738
5 bedrooms $938,640
Salem Home Price Trends
  2/2023 1/2023 12/2022 11/2022 10/2022
Total Listings 345 335 371 436 457
Average Price $690,489 $708,673 $694,624 $538,766 $551,412
Avg Price Change -2.63% +2.02% +28.93% -2.35% -2.24%
Median Price $452,385 $451,857 $449,836 $449,953 $452,707
Med Price Change +0.12% +0.45% -0.03% -0.61% -3.24%
Avg Bedrooms 2.95 beds 2.98 beds 2.99 beds 3 beds 3 beds
Avg Bathrooms 2.21 baths 2.28 baths 2.24 baths 2.25 baths 2.2 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 33 $372,754 79 days
North Salem 64 $428,609 72 days
South Salem 88 $626,952 94 days
Sprague 55 $577,777 72 days
West Salem 53 $1,448,220 109 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 321 $717,684 90 days
Multi-Million Dollar Homes 19 $4,657,200 168 days
Newly Built Homes 69 $1,264,043 92 days
Homes with a Pool 6 $928,766 96 days
Reduced Price Homes 13 $542,270 71 days
Sadle Home Selling Team | Keller Williams Realty Professionals
Rick Sadle, Ceo
9755 SW Barnes Rd. #560
Portland, OR 97225
503-828-9551
Licensed Principal Broker in OR, Licensed Broker in WA
Ph/Text/Fax 503-828-9551

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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 Rick Sadle - Keller Williams Realty Professionals 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 3/22/2023 10:22 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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