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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 HOMES

Average 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
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 9/16/2021 4:11 PM 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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