Salem Market Report
$509,363
AVERAGE PRICE OF 1,107 HOMES$325,379
AVERAGE PRICE OF 5 DISTRESSED HOMES$1,635,016
AVERAGE PRICE OF 44 MULTI-MILLION DOLLAR HOMES$563,173
AVERAGE PRICE OF 245 NEWLY BUILT HOMES$622,262
AVERAGE PRICE OF 40 HOMES WITH A POOL$428,601
AVERAGE PRICE OF 37 REDUCED PRICE HOMESAverage Home
| Average Price | $509,363 |
| Avg Bedrooms | 3.15 beds |
| Avg Bathrooms | 2.32 baths |
Average Price by Bedrooms
| 1 bedroom | $322,874 |
| 2 bedrooms | $300,582 |
| 3 bedrooms | $465,182 |
| 4 bedrooms | $556,863 |
| 5 bedrooms | $686,060 |
Salem Home Price Trends
| 10/2022 | 9/2022 | 8/2022 | 7/2022 | 6/2022 | |
|---|---|---|---|---|---|
| Total Listings | 1,213 | 1,204 | 1,169 | 1,117 | n/a |
| Average Price | $518,611 | $533,832 | $539,340 | $545,101 | n/a |
| Avg Price Change | -2.93% | -1.03% | -1.07% | n/a | n/a |
| Median Price | $450,293 | $465,170 | $464,699 | $469,061 | n/a |
| Med Price Change | -3.30% | +0.10% | -0.94% | n/a | n/a |
| Avg Bedrooms | 3.17 beds | 3.16 beds | 3.16 beds | 3.17 beds | n/a |
| Avg Bathrooms | 2.29 baths | 2.31 baths | 2.33 baths | 2.34 baths | n/a |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| McKay | 108 | $399,908 | 65 days |
| North Salem | 187 | $403,072 | 67 days |
| South Salem | 261 | $546,285 | 70 days |
| Sprague | 219 | $567,067 | 70 days |
| West Salem | 186 | $552,488 | 68 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,107 | $509,363 | 69 days |
| Distressed Homes | 5 | $325,379 | 36 days |
| Multi-Million Dollar Homes | 44 | $1,635,016 | 120 days |
| Newly Built Homes | 245 | $563,173 | 80 days |
| Homes with a Pool | 40 | $622,262 | 72 days |
| Reduced Price Homes | 37 | $428,601 | 64 days |
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