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Salem Market Report

$432,196

AVERAGE PRICE OF 1,133 HOMES

$307,626

AVERAGE PRICE OF 3 DISTRESSED HOMES

$1,390,022

AVERAGE PRICE OF 36 MULTI-MILLION DOLLAR HOMES

$379,651

AVERAGE PRICE OF 235 NEWLY BUILT HOMES

$632,163

AVERAGE PRICE OF 68 HOMES WITH A POOL

$623,293

AVERAGE PRICE OF 16 REDUCED PRICE HOMES

Average Home

Average Price $432,196
Avg Bedrooms 3.37 beds
Avg Bathrooms 2.25 baths

Average Price by Bedrooms

1 bedroom $289,861
2 bedrooms $249,375
3 bedrooms $377,345
4 bedrooms $533,575
5 bedrooms $610,112
Salem Home Price Trends
  8/2020 7/2020 6/2020 5/2020 4/2020
Total Listings 1,175 1,171 1,175 1,179 1,168
Average Price $424,375 $428,279 $426,152 $429,546 $421,767
Avg Price Change -0.92% +0.50% -0.80% +1.84% -1.15%
Median Price $351,849 $355,945 $354,641 $351,659 $350,074
Med Price Change -1.16% +0.37% +0.85% +0.45% -1.30%
Avg Bedrooms 3.38 beds 3.42 beds 3.41 beds 3.42 beds 3.37 beds
Avg Bathrooms 2.23 baths 2.26 baths 2.27 baths 2.29 baths 2.26 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 179 $324,854 51 days
North Salem 134 $370,602 62 days
South Salem 204 $425,418 67 days
Sprague 293 $495,875 90 days
West Salem 189 $492,721 113 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,133 $432,196 78 days
Distressed Homes 3 $307,626 4 days
Multi-Million Dollar Homes 36 $1,390,022 159 days
Newly Built Homes 235 $379,651 65 days
Homes with a Pool 68 $632,163 81 days
Reduced Price Homes 16 $623,293 67 days
Sadle Home Selling Team | Keller Williams Realty Professionals
Rick Sadle, Ceo
9755 SW Barnes Rd. #560
Portland, OR 97225
503-828-9551
Licensed Principal Broker in OR, Licensed Broker in WA
Ph/Text/Fax 503-828-9551

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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS(TM) of Portland, Oregon. Real estate listings held by brokerage firms other than Rick Sadle - Keller Williams Realty Professionals are marked with the RMLS(TM) logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © RMLS(TM), Portland, Oregon.

All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated 9/29/2020 8:53 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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