If you need assistance, please call 503-485-1900

Salem Market Report

$495,064

AVERAGE PRICE OF 672 HOMES

$397,450

AVERAGE PRICE OF 2 DISTRESSED HOMES

$1,485,836

AVERAGE PRICE OF 21 MULTI-MILLION DOLLAR HOMES

$589,361

AVERAGE PRICE OF 138 NEWLY BUILT HOMES

$581,663

AVERAGE PRICE OF 33 HOMES WITH A POOL

$451,959

AVERAGE PRICE OF 25 REDUCED PRICE HOMES

Average Home

Average Price $495,064
Avg Bedrooms 3.32 beds
Avg Bathrooms 2.4 baths

Average Price by Bedrooms

1 bedroom $319,166
2 bedrooms $289,428
3 bedrooms $457,776
4 bedrooms $591,489
5 bedrooms $693,446
Salem Home Price Trends
  11/2022 10/2022 9/2022 8/2022 7/2022
Total Listings n/a 756 752 734 709
Average Price n/a $498,783 $515,841 $520,509 $528,151
Avg Price Change n/a -3.42% -0.90% -1.47% n/a
Median Price n/a $448,835 $463,843 $461,790 $465,437
Med Price Change n/a -3.34% +0.44% -0.79% n/a
Avg Bedrooms n/a 3.34 beds 3.31 beds 3.29 beds 3.29 beds
Avg Bathrooms n/a 2.37 baths 2.39 baths 2.37 baths 2.39 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 63 $404,631 67 days
North Salem 102 $401,705 79 days
South Salem 146 $513,753 73 days
Sprague 141 $564,366 74 days
West Salem 110 $574,600 65 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 672 $495,064 71 days
Distressed Homes 2 $397,450 47 days
Multi-Million Dollar Homes 21 $1,485,836 121 days
Newly Built Homes 138 $589,361 95 days
Homes with a Pool 33 $581,663 68 days
Reduced Price Homes 25 $451,959 41 days

Powered by
Blum Real Estate
The Blum Team
735 Commercial St. SE
Salem, OR 97301
503-485-1900

© 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.
This site powered by CINC: www.cincpro.com