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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

$519,968

AVERAGE PRICE OF 788 HOMES

$338,750

AVERAGE PRICE OF 2 DISTRESSED HOMES

$2,089,412

AVERAGE PRICE OF 31 MULTI-MILLION DOLLAR HOMES

$522,405

AVERAGE PRICE OF 153 NEWLY BUILT HOMES

$916,109

AVERAGE PRICE OF 20 HOMES WITH A POOL

$1,145,763

AVERAGE PRICE OF 11 REDUCED PRICE HOMES

Average Home

Average Price $519,968
Avg Bedrooms 3.33 beds
Avg Bathrooms 2.23 baths

Average Price by Bedrooms

1 bedroom $218,519
2 bedrooms $309,717
3 bedrooms $447,088
4 bedrooms $685,482
5 bedrooms $706,343
Salem Home Price Trends
  4/2022 3/2022 2/2022 1/2022 12/2021
Total Listings n/a 699 672 685 823
Average Price n/a $520,371 $509,764 $477,815 $482,251
Avg Price Change n/a +2.08% +6.69% -0.93% n/a
Median Price n/a $424,559 $410,427 $402,637 $402,738
Med Price Change n/a +3.44% +1.93% -0.03% n/a
Avg Bedrooms n/a 3.37 beds 3.32 beds 3.32 beds 3.32 beds
Avg Bathrooms n/a 2.25 baths 2.23 baths 2.21 baths 2.16 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 98 $372,544 49 days
North Salem 162 $419,049 50 days
South Salem 146 $536,585 65 days
Sprague 162 $609,372 46 days
West Salem 114 $605,207 61 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 788 $519,968 53 days
Distressed Homes 2 $338,750 21 days
Multi-Million Dollar Homes 31 $2,089,412 106 days
Newly Built Homes 153 $522,405 78 days
Homes with a Pool 20 $916,109 276 days
Reduced Price Homes 11 $1,145,763 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 5/17/2022 5:00 PM 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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