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Salem

Why you'd want to live in Salem

Salem is the capital city of Oregon with a population estimated at 177,694 (2021). Centrally located, Salem is 47 miles south of Portland and an hour from the Cascade Mountains and the ocean beaches. Salem is in the midst of sustained, steady growth. Ongoing preservation of historic downtown buildings, along with a downtown core master plan for residential and commercial development, ensures managed growth. Salem is a diverse community with well-established neighborhoods, a family-friendly ambiance, and a small town feel. Our commutes are short, our air is pure, our parks are beautiful. We have abundant land for development, a ready and willing workforce, great training programs, and a city that works hard to make doing business easy. via cityofsalem.net

Salem Market Report

$543,391

AVERAGE PRICE OF 1,184 HOMES

$221,266

AVERAGE PRICE OF 3 DISTRESSED HOMES

$1,782,736

AVERAGE PRICE OF 61 MULTI-MILLION DOLLAR HOMES

$538,313

AVERAGE PRICE OF 197 NEWLY BUILT HOMES

$676,919

AVERAGE PRICE OF 39 HOMES WITH A POOL

$542,926

AVERAGE PRICE OF 81 REDUCED PRICE HOMES

Average Home

Average Price $543,391
Avg Bedrooms 3.17 beds
Avg Bathrooms 2.33 baths

Average Price by Bedrooms

1 bedroom $371,355
2 bedrooms $300,718
3 bedrooms $493,264
4 bedrooms $630,558
5 bedrooms $706,418
Salem Home Price Trends
  7/2022 6/2022 5/2022 4/2022 3/2022
Total Listings 1,117 n/a n/a n/a 446
Average Price $545,101 n/a n/a n/a $517,489
Avg Price Change n/a n/a n/a n/a +2.60%
Median Price $469,061 n/a n/a n/a $416,844
Med Price Change n/a n/a n/a n/a +3.81%
Avg Bedrooms 3.17 beds n/a n/a n/a 3.25 beds
Avg Bathrooms 2.34 baths n/a n/a n/a 2.34 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 146 $427,863 36 days
North Salem 179 $465,305 44 days
South Salem 260 $537,242 41 days
Sprague 262 $606,793 40 days
West Salem 179 $581,769 37 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,184 $543,391 40 days
Distressed Homes 3 $221,266 36 days
Multi-Million Dollar Homes 61 $1,782,736 71 days
Newly Built Homes 197 $538,313 55 days
Homes with a Pool 39 $676,919 52 days
Reduced Price Homes 81 $542,926 35 days
Keller Williams Mid Willamette | Kish Realty Group
Cherise Kish
2125 SW Pacific Blvd
Albany, OR 97321
503-753-4898

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 Cherise Kish - Keller Williams Mid Willamette - Kish Realty 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 8/13/2022 5:31 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

© 2022 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. Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.
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