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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

$570,473

AVERAGE PRICE OF 959 HOMES

$1,967,579

AVERAGE PRICE OF 64 MULTI-MILLION DOLLAR HOMES

$665,591

AVERAGE PRICE OF 164 NEWLY BUILT HOMES

$722,692

AVERAGE PRICE OF 50 HOMES WITH A POOL

$476,535

AVERAGE PRICE OF 73 REDUCED PRICE HOMES

Average Home

Average Price $570,473
Avg Bedrooms 3.07 beds
Avg Bathrooms 2.24 baths

Average Price by Bedrooms

1 bedroom $333,200
2 bedrooms $290,411
3 bedrooms $496,795
4 bedrooms $619,858
5 bedrooms $855,122
Salem Home Price Trends
  9/2023 8/2023 7/2023 6/2023 5/2023
Total Listings 993 1,037 1,009 1,010 932
Average Price $562,781 $569,543 $579,752 $599,966 $595,812
Avg Price Change -1.20% -1.79% -3.49% +0.70% +1.46%
Median Price $464,699 $468,967 $466,653 $459,754 $450,945
Med Price Change -0.92% +0.50% +1.50% +1.95% -0.20%
Avg Bedrooms 3.07 beds 3.09 beds 3.12 beds 3.07 beds 3.03 beds
Avg Bathrooms 2.25 baths 2.29 baths 2.34 baths 2.31 baths 2.29 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 96 $428,308 54 days
North Salem 169 $438,508 61 days
South Salem 239 $581,556 73 days
Sprague 190 $606,004 67 days
West Salem 133 $738,093 96 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 959 $570,473 73 days
Multi-Million Dollar Homes 64 $1,967,579 126 days
Newly Built Homes 164 $665,591 79 days
Homes with a Pool 50 $722,692 98 days
Reduced Price Homes 73 $476,535 41 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 10/4/2023 6:18 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

© 2023 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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