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Salem Market Report

$580,474

AVERAGE PRICE OF 842 HOMES

$3,050,437

AVERAGE PRICE OF 38 MULTI-MILLION DOLLAR HOMES

$860,580

AVERAGE PRICE OF 175 NEWLY BUILT HOMES

$813,267

AVERAGE PRICE OF 28 HOMES WITH A POOL

$455,091

AVERAGE PRICE OF 45 REDUCED PRICE HOMES

$319,200

AVERAGE PRICE OF 2 DISTRESSED HOMES

Average Home

Average Price $580,474
Avg Bedrooms 3.04 beds
Avg Bathrooms 2.25 baths

Average Price by Bedrooms

1 bedroom $207,808
2 bedrooms $260,184
3 bedrooms $477,080
4 bedrooms $590,794
5 bedrooms $849,268
Salem Home Price Trends
  2/2023 1/2023 12/2022 11/2022 10/2022
Total Listings 906 873 972 1,137 1,213
Average Price $562,533 $579,634 $572,901 $510,908 $518,611
Avg Price Change -3.04% +1.18% +12.13% -1.51% -2.93%
Median Price $444,477 $450,001 $449,082 $449,031 $450,293
Med Price Change -1.24% +0.20% +0.01% -0.28% -3.30%
Avg Bedrooms 3.12 beds 3.15 beds 3.15 beds 3.16 beds 3.17 beds
Avg Bathrooms 2.29 baths 2.35 baths 2.33 baths 2.32 baths 2.29 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 82 $356,121 76 days
North Salem 155 $417,235 70 days
South Salem 201 $568,866 81 days
Sprague 154 $586,378 74 days
West Salem 129 $1,034,545 95 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 842 $580,474 81 days
Multi-Million Dollar Homes 38 $3,050,437 151 days
Newly Built Homes 175 $860,580 106 days
Homes with a Pool 28 $813,267 91 days
Reduced Price Homes 45 $455,091 87 days
Distressed Homes 2 $319,200 41 days

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The Gillott Home Team | Keller Williams Realty Mid-Willamette | Licensed Oregon Broker
Willamette Valley
541-451-2211

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 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 3/23/2023 3:44 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

© 2023 Willamette Valley Multiple Listing Service. All rights reserved. The data relating to real estate for sale comes in part from the Willamette Valley Multiple Listing Service. Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.
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