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Salem Market Report

$503,001

AVERAGE PRICE OF 770 HOMES

$1,305,303

AVERAGE PRICE OF 39 MULTI-MILLION DOLLAR HOMES

$576,404

AVERAGE PRICE OF 107 NEWLY BUILT HOMES

$655,351

AVERAGE PRICE OF 37 HOMES WITH A POOL

$505,043

AVERAGE PRICE OF 55 REDUCED PRICE HOMES

Average Home

Average Price $503,001
Avg Bedrooms 3.24 beds
Avg Bathrooms 2.39 baths

Average Price by Bedrooms

1 bedroom $282,646
2 bedrooms $245,529
3 bedrooms $480,412
4 bedrooms $641,762
5 bedrooms $728,632
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 196 $569,361 63 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 770 $503,001 64 days
Multi-Million Dollar Homes 39 $1,305,303 100 days
Newly Built Homes 107 $576,404 107 days
Homes with a Pool 37 $655,351 41 days
Reduced Price Homes 55 $505,043 49 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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