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 HOMESAverage 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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