Salem Market Report
$479,556
AVERAGE PRICE OF 1,027 HOMES$235,000
AVERAGE PRICE OF 1 DISTRESSED HOMES$1,645,133
AVERAGE PRICE OF 37 MULTI-MILLION DOLLAR HOMES$477,395
AVERAGE PRICE OF 189 NEWLY BUILT HOMES$625,887
AVERAGE PRICE OF 34 HOMES WITH A POOL$482,284
AVERAGE PRICE OF 46 REDUCED PRICE HOMESAverage Home
| Average Price | $479,556 |
| Avg Bedrooms | 3.36 beds |
| Avg Bathrooms | 2.17 baths |
Average Price by Bedrooms
| 1 bedroom | $380,625 |
| 2 bedrooms | $325,139 |
| 3 bedrooms | $419,270 |
| 4 bedrooms | $558,905 |
| 5 bedrooms | $706,378 |
Salem Home Price Trends
| 6/2021 | 5/2021 | 4/2021 | 3/2021 | 2/2021 | |
|---|---|---|---|---|---|
| Total Listings | 1,007 | 926 | 848 | 781 | n/a |
| Average Price | $462,418 | $441,993 | $427,846 | $430,547 | n/a |
| Avg Price Change | +4.62% | +3.31% | -0.63% | n/a | n/a |
| Median Price | $393,610 | $388,600 | $374,773 | $371,805 | n/a |
| Med Price Change | +1.29% | +3.69% | +0.80% | n/a | n/a |
| Avg Bedrooms | 3.39 beds | 3.36 beds | 3.31 beds | 3.32 beds | n/a |
| Avg Bathrooms | 2.19 baths | 2.17 baths | 2.17 baths | 2.18 baths | n/a |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| McKay | 176 | $373,646 | 43 days |
| North Salem | 132 | $369,646 | 49 days |
| South Salem | 202 | $418,191 | 59 days |
| Sprague | 241 | $657,202 | 48 days |
| West Salem | 168 | $572,817 | 67 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,027 | $479,556 | 54 days |
| Distressed Homes | 1 | $235,000 | 38 days |
| Multi-Million Dollar Homes | 37 | $1,645,133 | 54 days |
| Newly Built Homes | 189 | $477,395 | 79 days |
| Homes with a Pool | 34 | $625,887 | 146 days |
| Reduced Price Homes | 46 | $482,284 | 26 days |
