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Salem Market Report

$570,590

AVERAGE PRICE OF 971 HOMES

$1,967,579

AVERAGE PRICE OF 64 MULTI-MILLION DOLLAR HOMES

$672,774

AVERAGE PRICE OF 159 NEWLY BUILT HOMES

$722,737

AVERAGE PRICE OF 51 HOMES WITH A POOL

$501,799

AVERAGE PRICE OF 62 REDUCED PRICE HOMES

Average Home

Average Price $570,590
Avg Bedrooms 3.08 beds
Avg Bathrooms 2.25 baths

Average Price by Bedrooms

1 bedroom $333,825
2 bedrooms $291,452
3 bedrooms $498,217
4 bedrooms $620,036
5 bedrooms $844,830
Salem Home Price Trends
  9/2023 8/2023 7/2023 6/2023 5/2023
Total Listings 993 1,037 1,009 1,010 932
Average Price $562,781 $569,543 $579,752 $599,966 $595,812
Avg Price Change -1.20% -1.79% -3.49% +0.70% +1.46%
Median Price $464,699 $468,967 $466,653 $459,754 $450,945
Med Price Change -0.92% +0.50% +1.50% +1.95% -0.20%
Avg Bedrooms 3.07 beds 3.09 beds 3.12 beds 3.07 beds 3.03 beds
Avg Bathrooms 2.25 baths 2.29 baths 2.34 baths 2.31 baths 2.29 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 95 $426,424 55 days
North Salem 164 $441,098 63 days
South Salem 243 $580,677 73 days
Sprague 196 $602,627 65 days
West Salem 143 $724,504 96 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 971 $570,590 73 days
Multi-Million Dollar Homes 64 $1,967,579 124 days
Newly Built Homes 159 $672,774 81 days
Homes with a Pool 51 $722,737 98 days
Reduced Price Homes 62 $501,799 47 days

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The Gillott Home Team | Keller Williams Realty Mid-Willamette | Licensed Oregon Broker
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 10/2/2023 10:29 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

© 2023 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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