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 HOMESAverage 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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