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Salem Market Report

$430,911

AVERAGE PRICE OF 1,039 HOMES

$307,626

AVERAGE PRICE OF 3 DISTRESSED HOMES

$1,426,496

AVERAGE PRICE OF 32 MULTI-MILLION DOLLAR HOMES

$379,037

AVERAGE PRICE OF 221 NEWLY BUILT HOMES

$627,436

AVERAGE PRICE OF 47 HOMES WITH A POOL

$423,207

AVERAGE PRICE OF 23 REDUCED PRICE HOMES

Average Home

Average Price $430,911
Avg Bedrooms 3.39 beds
Avg Bathrooms 2.24 baths

Average Price by Bedrooms

1 bedroom $406,808
2 bedrooms $248,721
3 bedrooms $374,204
4 bedrooms $526,588
5 bedrooms $618,097
Salem Home Price Trends
  9/2020 8/2020 7/2020 6/2020 5/2020
Total Listings 1,142 1,175 1,171 1,175 1,179
Average Price $430,561 $424,375 $428,279 $426,152 $429,546
Avg Price Change +1.46% -0.92% +0.50% -0.80% +1.84%
Median Price $352,682 $351,849 $355,945 $354,641 $351,659
Med Price Change +0.24% -1.16% +0.37% +0.85% +0.45%
Avg Bedrooms 3.39 beds 3.38 beds 3.42 beds 3.41 beds 3.42 beds
Avg Bathrooms 2.24 baths 2.23 baths 2.26 baths 2.27 baths 2.29 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 179 $323,832 56 days
North Salem 116 $340,817 59 days
South Salem 193 $424,203 66 days
Sprague 260 $513,655 101 days
West Salem 143 $514,551 115 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,039 $430,911 78 days
Distressed Homes 3 $307,626 36 days
Multi-Million Dollar Homes 32 $1,426,496 107 days
Newly Built Homes 221 $379,037 75 days
Homes with a Pool 47 $627,436 95 days
Reduced Price Homes 23 $423,207 37 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 10/31/2020 5:23 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

© 2020 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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