Salem Market Report
$469,284
AVERAGE PRICE OF 1,041 HOMES$235,000
AVERAGE PRICE OF 1 DISTRESSED HOMES$1,710,611
AVERAGE PRICE OF 39 MULTI-MILLION DOLLAR HOMES$456,640
AVERAGE PRICE OF 204 NEWLY BUILT HOMES$710,376
AVERAGE PRICE OF 30 HOMES WITH A POOL$521,942
AVERAGE PRICE OF 34 REDUCED PRICE HOMESAverage Home
| Average Price | $469,284 |
| Avg Bedrooms | 3.39 beds |
| Avg Bathrooms | 2.19 baths |
Average Price by Bedrooms
| 1 bedroom | $329,564 |
| 2 bedrooms | $294,780 |
| 3 bedrooms | $411,473 |
| 4 bedrooms | $538,614 |
| 5 bedrooms | $714,220 |
Salem Home Price Trends
| 5/2021 | 4/2021 | 3/2021 | 2/2021 | 1/2021 | |
|---|---|---|---|---|---|
| Total Listings | 926 | 848 | 781 | n/a | 685 |
| Average Price | $441,993 | $427,846 | $430,547 | n/a | $829,833 |
| Avg Price Change | +3.31% | -0.63% | n/a | n/a | +87.28% |
| Median Price | $388,600 | $374,773 | $371,805 | n/a | $363,038 |
| Med Price Change | +3.69% | +0.80% | n/a | n/a | +0.51% |
| Avg Bedrooms | 3.36 beds | 3.31 beds | 3.32 beds | n/a | 3.38 beds |
| Avg Bathrooms | 2.17 baths | 2.17 baths | 2.18 baths | n/a | 2.25 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| McKay | 178 | $369,937 | 44 days |
| North Salem | 139 | $379,462 | 42 days |
| South Salem | 209 | $407,417 | 57 days |
| Sprague | 234 | $669,016 | 44 days |
| West Salem | 150 | $582,684 | 74 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,041 | $469,284 | 54 days |
| Distressed Homes | 1 | $235,000 | 9 days |
| Multi-Million Dollar Homes | 39 | $1,710,611 | 63 days |
| Newly Built Homes | 204 | $456,640 | 84 days |
| Homes with a Pool | 30 | $710,376 | 196 days |
| Reduced Price Homes | 34 | $521,942 | 30 days |
