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Salem

Why you'd want to live in Salem

Salem is the capital city of Oregon with a population estimated at 177,694 (2021). Centrally located, Salem is 47 miles south of Portland and an hour from the Cascade Mountains and the ocean beaches. Salem is in the midst of sustained, steady growth. Ongoing preservation of historic downtown buildings, along with a downtown core master plan for residential and commercial development, ensures managed growth. Salem is a diverse community with well-established neighborhoods, a family-friendly ambiance, and a small town feel. Our commutes are short, our air is pure, our parks are beautiful. We have abundant land for development, a ready and willing workforce, great training programs, and a city that works hard to make doing business easy. via cityofsalem.net

Salem Market Report

$488,841

AVERAGE PRICE OF 538 HOMES

$1,403,711

AVERAGE PRICE OF 19 MULTI-MILLION DOLLAR HOMES

$542,626

AVERAGE PRICE OF 94 NEWLY BUILT HOMES

$614,493

AVERAGE PRICE OF 29 HOMES WITH A POOL

$445,486

AVERAGE PRICE OF 26 REDUCED PRICE HOMES

Average Home

Average Price $488,841
Avg Bedrooms 3.23 beds
Avg Bathrooms 2.4 baths

Average Price by Bedrooms

1 bedroom $222,833
2 bedrooms $244,968
3 bedrooms $469,187
4 bedrooms $624,018
5 bedrooms $708,455
Salem Home Price Trends
  1/2024 12/2023 11/2023 10/2023 9/2023
Total Listings 531 561 591 613 615
Average Price $489,945 $494,097 $494,915 $502,783 $502,426
Avg Price Change -0.85% -0.17% -1.59% +0.07% -2.27%
Median Price $444,097 $445,416 $441,495 $450,046 $458,547
Med Price Change -0.30% +0.89% -1.94% -1.89% -2.19%
Avg Bedrooms 3.22 beds 3.26 beds 3.22 beds 3.22 beds 3.24 beds
Avg Bathrooms 2.4 baths 2.41 baths 2.38 baths 2.35 baths 2.36 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Sprague 121 $548,049 91 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 538 $488,841 84 days
Multi-Million Dollar Homes 19 $1,403,711 174 days
Newly Built Homes 94 $542,626 115 days
Homes with a Pool 29 $614,493 99 days
Reduced Price Homes 26 $445,486 73 days

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Keller Williams Mid Willamette | Willamette Real Estate
Colin Horton
2125 Pacific Blvd. SW
Albany, OR 97321
541-619-8671

© 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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