Salem Market Report
$587,696
AVERAGE PRICE OF 1,383 HOMES$239,900
AVERAGE PRICE OF 1 DISTRESSED HOMES$1,837,970
AVERAGE PRICE OF 112 MULTI-MILLION DOLLAR HOMES$551,353
AVERAGE PRICE OF 141 NEWLY BUILT HOMES$834,781
AVERAGE PRICE OF 56 HOMES WITH A POOL$491,124
AVERAGE PRICE OF 81 REDUCED PRICE HOMESAverage Home
| Average Price | $587,696 |
| Avg Bedrooms | 6.95 beds |
| Avg Bathrooms | 6.13 baths |
Average Price by Bedrooms
| 1 bedroom | $297,075 |
| 2 bedrooms | $287,766 |
| 3 bedrooms | $500,335 |
| 4 bedrooms | $697,805 |
| 5 bedrooms | $814,250 |
Salem Home Price Trends
| 6/2025 | 5/2025 | 4/2025 | 3/2025 | 2/2025 | |
|---|---|---|---|---|---|
| Total Listings | 1,272 | 1,155 | 1,062 | 984 | 972 |
| Average Price | $584,855 | $578,280 | $596,237 | $577,156 | $572,249 |
| Avg Price Change | +1.14% | -3.11% | +3.31% | +0.86% | -1.89% |
| Median Price | $480,542 | $476,063 | $472,351 | $470,506 | $461,437 |
| Med Price Change | +0.94% | +0.79% | +0.39% | +1.97% | +1.70% |
| Avg Bedrooms | 7.22 beds | 7.46 beds | 7.8 beds | 5.36 beds | 3.01 beds |
| Avg Bathrooms | 6.43 baths | 6.65 baths | 6.97 baths | 4.56 baths | 2.23 baths |
Home Price by High School
| School Name | Total Homes | Average Price |
|---|---|---|
| South Salem | 107 | $592,679 |
| Sprague | 195 | $666,865 |
| Total Homes | Average Price | |
|---|---|---|
| All Homes | 1,383 | $587,696 |
| Distressed Homes | 1 | $239,900 |
| Multi-Million Dollar Homes | 112 | $1,837,970 |
| Newly Built Homes | 141 | $551,353 |
| Homes with a Pool | 56 | $834,781 |
| Reduced Price Homes | 81 | $491,124 |
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