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Salem Market Report

$556,450

AVERAGE PRICE OF 1,186 HOMES

$299,999

AVERAGE PRICE OF 1 DISTRESSED HOMES

$2,044,882

AVERAGE PRICE OF 71 MULTI-MILLION DOLLAR HOMES

$667,769

AVERAGE PRICE OF 195 NEWLY BUILT HOMES

$653,963

AVERAGE PRICE OF 39 HOMES WITH A POOL

$464,076

AVERAGE PRICE OF 53 REDUCED PRICE HOMES

Average Home

Average Price $556,450
Avg Bedrooms 3.11 beds
Avg Bathrooms 2.31 baths

Average Price by Bedrooms

1 bedroom $237,335
2 bedrooms $258,204
3 bedrooms $486,983
4 bedrooms $604,931
5 bedrooms $718,957
Salem Home Price Trends
  4/2024 3/2024 2/2024 1/2024 12/2023
Total Listings 1,105 977 893 882 925
Average Price $561,468 $557,052 $556,292 $560,694 $558,920
Avg Price Change +0.79% +0.14% -0.79% +0.32% +0.46%
Median Price $460,092 $450,297 $446,432 $449,664 $450,979
Med Price Change +2.18% +0.87% -0.72% -0.29% +0.24%
Avg Bedrooms 3.08 beds 3.07 beds 3.06 beds 3.05 beds 3.05 beds
Avg Bathrooms 2.31 baths 2.28 baths 2.28 baths 2.28 baths 2.25 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
North Salem 95 $422,343 64 days
Sprague 181 $582,882 63 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,186 $556,450 76 days
Distressed Homes 1 $299,999 246 days
Multi-Million Dollar Homes 71 $2,044,882 140 days
Newly Built Homes 195 $667,769 83 days
Homes with a Pool 39 $653,963 55 days
Reduced Price Homes 53 $464,076 49 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 5/19/2024 6:34 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

© 2024 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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