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Salem Market Report

$503,778

AVERAGE PRICE OF 673 HOMES

$1,383,293

AVERAGE PRICE OF 28 MULTI-MILLION DOLLAR HOMES

$576,650

AVERAGE PRICE OF 121 NEWLY BUILT HOMES

$679,335

AVERAGE PRICE OF 34 HOMES WITH A POOL

$458,678

AVERAGE PRICE OF 38 REDUCED PRICE HOMES

Average Home

Average Price $503,778
Avg Bedrooms 3.25 beds
Avg Bathrooms 2.43 baths

Average Price by Bedrooms

1 bedroom $235,537
2 bedrooms $245,785
3 bedrooms $481,000
4 bedrooms $636,009
5 bedrooms $735,324
Salem Home Price Trends
  3/2024 2/2024 1/2024 12/2023 11/2023
Total Listings 585 535 531 561 591
Average Price $488,164 $490,523 $489,945 $494,097 $494,915
Avg Price Change -0.48% +0.12% -0.85% -0.17% -1.59%
Median Price $450,266 $443,758 $444,097 $445,416 $441,495
Med Price Change +1.47% -0.08% -0.30% +0.89% -1.94%
Avg Bedrooms 3.25 beds 3.23 beds 3.22 beds 3.26 beds 3.22 beds
Avg Bathrooms 2.41 baths 2.41 baths 2.4 baths 2.41 baths 2.38 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Sprague 172 $572,843 65 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 673 $503,778 65 days
Multi-Million Dollar Homes 28 $1,383,293 97 days
Newly Built Homes 121 $576,650 89 days
Homes with a Pool 34 $679,335 84 days
Reduced Price Homes 38 $458,678 45 days

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

© 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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