Salem Market Report
$439,476
AVERAGE PRICE OF 895 HOMES$197,500
AVERAGE PRICE OF 2 DISTRESSED HOMES$1,651,994
AVERAGE PRICE OF 20 MULTI-MILLION DOLLAR HOMES$438,011
AVERAGE PRICE OF 197 NEWLY BUILT HOMES$734,020
AVERAGE PRICE OF 30 HOMES WITH A POOL$525,621
AVERAGE PRICE OF 22 REDUCED PRICE HOMESAverage Home
| Average Price | $439,476 |
| Avg Bedrooms | 3.34 beds |
| Avg Bathrooms | 2.17 baths |
Average Price by Bedrooms
| 1 bedroom | $316,716 |
| 2 bedrooms | $257,419 |
| 3 bedrooms | $386,123 |
| 4 bedrooms | $516,446 |
| 5 bedrooms | $652,752 |
Salem Home Price Trends
| 4/2021 | 3/2021 | 2/2021 | 1/2021 | 12/2020 | |
|---|---|---|---|---|---|
| Total Listings | 848 | 781 | n/a | 685 | 787 |
| Average Price | $427,846 | $430,547 | n/a | $829,833 | $443,100 |
| Avg Price Change | -0.63% | n/a | n/a | +87.28% | +2.30% |
| Median Price | $374,773 | $371,805 | n/a | $363,038 | $361,207 |
| Med Price Change | +0.80% | n/a | n/a | +0.51% | +1.67% |
| Avg Bedrooms | 3.31 beds | 3.32 beds | n/a | 3.38 beds | 3.4 beds |
| Avg Bathrooms | 2.17 baths | 2.18 baths | n/a | 2.25 baths | 2.26 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| McKay | 141 | $351,908 | 46 days |
| North Salem | 112 | $363,870 | 40 days |
| South Salem | 178 | $400,562 | 54 days |
| Sprague | 206 | $550,792 | 50 days |
| West Salem | 120 | $537,330 | 74 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 895 | $439,476 | 56 days |
| Distressed Homes | 2 | $197,500 | 123 days |
| Multi-Million Dollar Homes | 20 | $1,651,994 | 188 days |
| Newly Built Homes | 197 | $438,011 | 82 days |
| Homes with a Pool | 30 | $734,020 | 160 days |
| Reduced Price Homes | 22 | $525,621 | 23 days |
