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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 HOMES

Average 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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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 11/26/2022 7:46 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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