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Salem Market Report

$493,033

AVERAGE PRICE OF 352 HOMES

$235,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,947,000

AVERAGE PRICE OF 14 MULTI-MILLION DOLLAR HOMES

$422,006

AVERAGE PRICE OF 118 NEWLY BUILT HOMES

$1,683,300

AVERAGE PRICE OF 3 HOMES WITH A POOL

$644,878

AVERAGE PRICE OF 8 REDUCED PRICE HOMES

Average Home

Average Price $493,033
Avg Bedrooms 3.47 beds
Avg Bathrooms 2.15 baths

Average Price by Bedrooms

1 bedroom $265,628
2 bedrooms $295,970
3 bedrooms $433,702
4 bedrooms $512,097
5 bedrooms $784,891
Salem Home Price Trends
  5/2021 4/2021 3/2021 2/2021 1/2021
Total Listings 926 848 781 n/a 685
Average Price $441,993 $427,846 $430,547 n/a $829,833
Avg Price Change +3.31% -0.63% n/a n/a +87.28%
Median Price $388,600 $374,773 $371,805 n/a $363,038
Med Price Change +3.69% +0.80% n/a n/a +0.51%
Avg Bedrooms 3.36 beds 3.31 beds 3.32 beds n/a 3.38 beds
Avg Bathrooms 2.17 baths 2.17 baths 2.18 baths n/a 2.25 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 108 $392,195 59 days
North Salem 53 $372,171 59 days
South Salem 77 $408,798 77 days
Sprague 57 $753,568 36 days
West Salem 46 $612,812 97 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 352 $493,033 65 days
Distressed Homes 1 $235,000 8 days
Multi-Million Dollar Homes 14 $1,947,000 64 days
Newly Built Homes 118 $422,006 68 days
Homes with a Pool 3 $1,683,300 336 days
Reduced Price Homes 8 $644,878 37 days
BrightHome Real Estate Group
3505 Commercial St
Salem, OR 97302
503-877-6000

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 Bright Home Real Estate 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 6/24/2021 12:53 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

© 2021 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. Information contained on this site is deemed reliable but not guaranteed.
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