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 HOMESAverage 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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