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Salem Market Report

$503,210

AVERAGE PRICE OF 788 HOMES

$1,298,083

AVERAGE PRICE OF 40 MULTI-MILLION DOLLAR HOMES

$581,618

AVERAGE PRICE OF 111 NEWLY BUILT HOMES

$623,474

AVERAGE PRICE OF 39 HOMES WITH A POOL

$455,505

AVERAGE PRICE OF 49 REDUCED PRICE HOMES

Average Home

Average Price $503,210
Avg Bedrooms 3.22 beds
Avg Bathrooms 2.38 baths

Average Price by Bedrooms

1 bedroom $243,415
2 bedrooms $250,223
3 bedrooms $486,197
4 bedrooms $640,819
5 bedrooms $745,195
Salem Home Price Trends
  5/2024 4/2024 3/2024 2/2024 1/2024
Total Listings 727 683 585 535 531
Average Price $505,658 $501,519 $488,164 $490,523 $489,945
Avg Price Change +0.83% +2.74% -0.48% +0.12% -0.85%
Median Price $469,349 $460,389 $450,266 $443,758 $444,097
Med Price Change +1.95% +2.25% +1.47% -0.08% -0.30%
Avg Bedrooms 3.26 beds 3.25 beds 3.25 beds 3.23 beds 3.22 beds
Avg Bathrooms 2.43 baths 2.42 baths 2.41 baths 2.41 baths 2.4 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Sprague 203 $582,970 63 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 788 $503,210 63 days
Multi-Million Dollar Homes 40 $1,298,083 94 days
Newly Built Homes 111 $581,618 108 days
Homes with a Pool 39 $623,474 44 days
Reduced Price Homes 49 $455,505 41 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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