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Salem Market Report

$510,165

AVERAGE PRICE OF 1,100 HOMES

$325,379

AVERAGE PRICE OF 5 DISTRESSED HOMES

$1,638,682

AVERAGE PRICE OF 45 MULTI-MILLION DOLLAR HOMES

$564,304

AVERAGE PRICE OF 246 NEWLY BUILT HOMES

$628,094

AVERAGE PRICE OF 39 HOMES WITH A POOL

$440,348

AVERAGE PRICE OF 32 REDUCED PRICE HOMES

Average Home

Average Price $510,165
Avg Bedrooms 3.16 beds
Avg Bathrooms 2.32 baths

Average Price by Bedrooms

1 bedroom $322,874
2 bedrooms $300,362
3 bedrooms $462,791
4 bedrooms $558,577
5 bedrooms $688,507
Salem Home Price Trends
  10/2022 9/2022 8/2022 7/2022 6/2022
Total Listings 1,213 1,204 1,169 1,117 n/a
Average Price $518,611 $533,832 $539,340 $545,101 n/a
Avg Price Change -2.93% -1.03% -1.07% n/a n/a
Median Price $450,293 $465,170 $464,699 $469,061 n/a
Med Price Change -3.30% +0.10% -0.94% n/a n/a
Avg Bedrooms 3.17 beds 3.16 beds 3.16 beds 3.17 beds n/a
Avg Bathrooms 2.29 baths 2.31 baths 2.33 baths 2.34 baths n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 105 $400,755 68 days
North Salem 188 $401,670 68 days
South Salem 261 $546,814 73 days
Sprague 216 $573,457 73 days
West Salem 186 $551,035 71 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,100 $510,165 72 days
Distressed Homes 5 $325,379 39 days
Multi-Million Dollar Homes 45 $1,638,682 120 days
Newly Built Homes 246 $564,304 82 days
Homes with a Pool 39 $628,094 75 days
Reduced Price Homes 32 $440,348 59 days

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The Josh Cooley Team | Keller Williams Realty Eugene and Salem Areas
Josh Cooley
2645 Suzanne Way Suite 2A
Eugene, OR 97408
541-359-1999

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 Josh Cooley - The Josh Cooley Team / Keller Williams Realty 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 11/29/2022 2:31 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

© 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.
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