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  • Salem Market Report

    $390,710

    AVERAGE PRICE OF 1,527 HOMES

    $248,743

    AVERAGE PRICE OF 18 DISTRESSED HOMES

    $1,471,533

    AVERAGE PRICE OF 24 MULTI-MILLION DOLLAR HOMES

    $395,424

    AVERAGE PRICE OF 293 NEWLY BUILT HOMES

    $552,583

    AVERAGE PRICE OF 64 HOMES WITH A POOL

    $433,803

    AVERAGE PRICE OF 70 REDUCED PRICE HOMES

    Average Home

    Average Price $390,710
    Avg Bedrooms 3.43 beds
    Avg Bathrooms 2.35 baths

    Average Price by Bedrooms

    1 bedroom $149,725
    2 bedrooms $230,406
    3 bedrooms $358,184
    4 bedrooms $442,740
    5 bedrooms $555,316
    Salem Home Price Trends
      5/2019 4/2019 3/2019 2/2019 1/2019
    Total Listings 1,385 1,280 1,200 1,132 1,059
    Average Price $385,640 $380,219 $373,929 $382,261 $401,207
    Avg Price Change +1.43% +1.68% -2.23% -4.96% -3.90%
    Median Price $336,098 $332,206 $330,143 $328,349 $332,697
    Med Price Change +1.17% +0.62% +0.55% -1.32% +0.88%
    Avg Bedrooms 3.41 beds 3.4 beds 3.4 beds 3.4 beds 3.43 beds
    Avg Bathrooms 2.33 baths 2.3 baths 2.26 baths 2.27 baths 2.29 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Site
    McKay 188 $314,981 59 days
    North Salem 151 $318,732 57 days
    South Salem 260 $399,990 71 days
    Sprague 361 $416,849 79 days
    West Salem 337 $436,785 86 days
    Home Price by House Size
    Total Homes Average Price Avg Days on Site
    All Homes 1,527 $390,710 74 days
    Distressed Homes 18 $248,743 143 days
    Multi-Million Dollar Homes 24 $1,471,533 229 days
    Newly Built Homes 293 $395,424 96 days
    Homes with a Pool 64 $552,583 87 days
    Reduced Price Homes 70 $433,803 55 days