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Salem Market Report

$430,290

AVERAGE PRICE OF 473 HOMES

$1,337,987

AVERAGE PRICE OF 15 MULTI-MILLION DOLLAR HOMES

$437,192

AVERAGE PRICE OF 99 NEWLY BUILT HOMES

$664,091

AVERAGE PRICE OF 25 HOMES WITH A POOL

$590,770

AVERAGE PRICE OF 5 REDUCED PRICE HOMES

Average Home

Average Price $430,290
Avg Bedrooms 3.29 beds
Avg Bathrooms 2.26 baths

Average Price by Bedrooms

1 bedroom $363,928
2 bedrooms $250,864
3 bedrooms $368,373
4 bedrooms $532,054
5 bedrooms $718,802
Salem Home Price Trends
  2/2021 1/2021 12/2020 11/2020 10/2020
Total Listings n/a 433 493 620 659
Average Price n/a $1,045,943 $430,834 $423,887 $425,376
Avg Price Change n/a +142.77% +1.64% -0.35% +0.09%
Median Price n/a $361,969 $361,242 $355,730 $351,171
Med Price Change n/a +0.20% +1.55% +1.30% +0.02%
Avg Bedrooms n/a 3.33 beds 3.34 beds 3.34 beds 3.31 beds
Avg Bathrooms n/a 2.3 baths 2.3 baths 2.31 baths 2.29 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 38 $344,028 40 days
North Salem 58 $341,900 27 days
South Salem 81 $389,826 51 days
Sprague 137 $494,073 58 days
West Salem 56 $531,941 82 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 473 $430,290 54 days
Multi-Million Dollar Homes 15 $1,337,987 149 days
Newly Built Homes 99 $437,192 76 days
Homes with a Pool 25 $664,091 80 days
Reduced Price Homes 5 $590,770 192 days