Salem Market Report
$590,940
AVERAGE PRICE OF 1,287 HOMES$426,000
AVERAGE PRICE OF 3 DISTRESSED HOMES$2,144,069
AVERAGE PRICE OF 89 MULTI-MILLION DOLLAR HOMES$666,701
AVERAGE PRICE OF 164 NEWLY BUILT HOMES$732,340
AVERAGE PRICE OF 53 HOMES WITH A POOL$512,342
AVERAGE PRICE OF 91 REDUCED PRICE HOMESAverage Home
| Average Price | $590,940 |
| Avg Bedrooms | 3.07 beds |
| Avg Bathrooms | 2.3 baths |
Average Price by Bedrooms
| 1 bedroom | $272,280 |
| 2 bedrooms | $257,233 |
| 3 bedrooms | $496,726 |
| 4 bedrooms | $653,066 |
| 5 bedrooms | $864,184 |
Salem Home Price Trends
| 9/2024 | 8/2024 | 7/2024 | 6/2024 | 5/2024 | |
|---|---|---|---|---|---|
| Total Listings | 1,339 | 1,350 | 1,323 | 1,239 | 1,172 |
| Average Price | $578,633 | $581,114 | $569,077 | $564,965 | $553,918 |
| Avg Price Change | -0.43% | +2.12% | +0.73% | +1.99% | -1.36% |
| Median Price | $468,388 | $469,589 | $463,847 | $463,256 | $465,156 |
| Med Price Change | -0.26% | +1.24% | +0.13% | -0.41% | +1.10% |
| Avg Bedrooms | 3.07 beds | 3.06 beds | 3.08 beds | 3.07 beds | 3.1 beds |
| Avg Bathrooms | 2.29 baths | 2.26 baths | 2.27 baths | 2.28 baths | 2.31 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| South Salem | 100 | $633,307 | 93 days |
| Sprague | 196 | $626,059 | 84 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,287 | $590,940 | 87 days |
| Distressed Homes | 3 | $426,000 | 49 days |
| Multi-Million Dollar Homes | 89 | $2,144,069 | 152 days |
| Newly Built Homes | 164 | $666,701 | 84 days |
| Homes with a Pool | 53 | $732,340 | 76 days |
| Reduced Price Homes | 91 | $512,342 | 71 days |
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