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Salem Market Report

$481,071

AVERAGE PRICE OF 1,087 HOMES

$227,450

AVERAGE PRICE OF 2 DISTRESSED HOMES

$2,096,622

AVERAGE PRICE OF 32 MULTI-MILLION DOLLAR HOMES

$519,904

AVERAGE PRICE OF 142 NEWLY BUILT HOMES

$515,430

AVERAGE PRICE OF 39 HOMES WITH A POOL

$433,513

AVERAGE PRICE OF 44 REDUCED PRICE HOMES

Average Home

Average Price $481,071
Avg Bedrooms 3.29 beds
Avg Bathrooms 2.13 baths

Average Price by Bedrooms

1 bedroom $292,312
2 bedrooms $308,427
3 bedrooms $441,175
4 bedrooms $554,763
5 bedrooms $701,455
Salem Home Price Trends
  9/2021 8/2021 7/2021 6/2021 5/2021
Total Listings 1,095 1,071 1,008 1,007 926
Average Price $491,562 $487,662 $479,025 $462,418 $441,993
Avg Price Change +0.80% +1.80% +3.59% +4.62% +3.31%
Median Price $400,547 $401,500 $401,281 $393,610 $388,600
Med Price Change -0.24% +0.05% +1.95% +1.29% +3.69%
Avg Bedrooms 3.29 beds 3.34 beds 3.38 beds 3.39 beds 3.36 beds
Avg Bathrooms 2.14 baths 2.17 baths 2.19 baths 2.19 baths 2.17 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 150 $362,224 52 days
North Salem 130 $373,351 54 days
South Salem 223 $426,598 57 days
Sprague 263 $569,817 57 days
West Salem 170 $569,725 62 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,087 $481,071 56 days
Distressed Homes 2 $227,450 71 days
Multi-Million Dollar Homes 32 $2,096,622 99 days
Newly Built Homes 142 $519,904 81 days
Homes with a Pool 39 $515,430 127 days
Reduced Price Homes 44 $433,513 34 days
BrightHome Real Estate Group
3505 Commercial St
Salem, OR 97302
503-877-6000

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 Bright Home Real Estate Group 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 10/18/2021 12:17 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

© 2021 Willamette Valley Multiple Listing Service. All rights reserved. The data relating to real estate for sale comes in part from the Willamette Valley Multiple Listing Service. Information contained on this site is deemed reliable but not guaranteed.
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