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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

$576,821

AVERAGE PRICE OF 838 HOMES

$3,147,685

AVERAGE PRICE OF 36 MULTI-MILLION DOLLAR HOMES

$867,937

AVERAGE PRICE OF 172 NEWLY BUILT HOMES

$756,668

AVERAGE PRICE OF 28 HOMES WITH A POOL

$458,835

AVERAGE PRICE OF 40 REDUCED PRICE HOMES

$319,200

AVERAGE PRICE OF 2 DISTRESSED HOMES

Average Home

Average Price $576,821
Avg Bedrooms 3.03 beds
Avg Bathrooms 2.23 baths

Average Price by Bedrooms

1 bedroom $215,287
2 bedrooms $251,466
3 bedrooms $475,138
4 bedrooms $590,249
5 bedrooms $834,468
Salem Home Price Trends
  2/2023 1/2023 12/2022 11/2022 10/2022
Total Listings 906 873 972 1,137 1,213
Average Price $562,533 $579,634 $572,901 $510,908 $518,611
Avg Price Change -3.04% +1.18% +12.13% -1.51% -2.93%
Median Price $444,477 $450,001 $449,082 $449,031 $450,293
Med Price Change -1.24% +0.20% +0.01% -0.28% -3.30%
Avg Bedrooms 3.12 beds 3.15 beds 3.15 beds 3.16 beds 3.17 beds
Avg Bathrooms 2.29 baths 2.35 baths 2.33 baths 2.32 baths 2.29 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 80 $355,014 81 days
North Salem 152 $418,028 72 days
South Salem 198 $559,543 82 days
Sprague 158 $581,744 75 days
West Salem 131 $1,029,368 96 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 838 $576,821 82 days
Multi-Million Dollar Homes 36 $3,147,685 153 days
Newly Built Homes 172 $867,937 110 days
Homes with a Pool 28 $756,668 75 days
Reduced Price Homes 40 $458,835 60 days
Distressed Homes 2 $319,200 45 days

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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 3/27/2023 6:33 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

© 2023 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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