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  • Salem Market Report

    $379,266

    AVERAGE PRICE OF 910 HOMES

    $301,666

    AVERAGE PRICE OF 3 DISTRESSED HOMES

    $1,612,095

    AVERAGE PRICE OF 14 MULTI-MILLION DOLLAR HOMES

    $403,824

    AVERAGE PRICE OF 133 NEWLY BUILT HOMES

    $545,905

    AVERAGE PRICE OF 60 HOMES WITH A POOL

    $351,815

    AVERAGE PRICE OF 39 REDUCED PRICE HOMES

    Average Home

    Average Price $379,266
    Avg Bedrooms 3.37 beds
    Avg Bathrooms 2.46 baths

    Average Price by Bedrooms

    2 bedrooms $226,849
    3 bedrooms $334,810
    4 bedrooms $443,125
    5 bedrooms $598,769
    Salem Home Price Trends
      4/2019 3/2019 2/2019 1/2019 12/2018
    Total Listings 813 752 726 695 750
    Average Price $373,174 $363,997 $363,595 $389,773 $405,661
    Avg Price Change +2.52% +0.11% -7.20% -4.08% +2.14%
    Median Price $322,908 $319,917 $319,815 $327,357 $325,181
    Med Price Change +0.93% +0.03% -2.36% +0.67% +0.86%
    Avg Bedrooms 3.35 beds 3.34 beds 3.34 beds 3.36 beds 3.38 beds
    Avg Bathrooms 2.44 baths 2.41 baths 2.41 baths 2.45 baths 2.44 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Site
    McKay 88 $286,967 47 days
    North Salem 91 $290,427 43 days
    South Salem 157 $373,528 57 days
    Sprague 209 $411,116 66 days
    West Salem 177 $443,460 65 days
    Home Price by House Size
    Total Homes Average Price Avg Days on Site
    All Homes 910 $379,266 60 days
    Distressed Homes 3 $301,666 77 days
    Multi-Million Dollar Homes 14 $1,612,095 259 days
    Newly Built Homes 133 $403,824 103 days
    Homes with a Pool 60 $545,905 70 days
    Reduced Price Homes 39 $351,815 64 days