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Salem Market Report

$566,600

AVERAGE PRICE OF 1,255 HOMES

$299,999

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,964,184

AVERAGE PRICE OF 91 MULTI-MILLION DOLLAR HOMES

$710,583

AVERAGE PRICE OF 195 NEWLY BUILT HOMES

$641,452

AVERAGE PRICE OF 47 HOMES WITH A POOL

$506,612

AVERAGE PRICE OF 75 REDUCED PRICE HOMES

Average Home

Average Price $566,600
Avg Bedrooms 3.06 beds
Avg Bathrooms 2.27 baths

Average Price by Bedrooms

1 bedroom $216,412
2 bedrooms $249,692
3 bedrooms $487,244
4 bedrooms $611,418
5 bedrooms $797,051
Salem Home Price Trends
  5/2024 4/2024 3/2024 2/2024 1/2024
Total Listings 1,172 1,105 977 893 882
Average Price $553,918 $561,468 $557,052 $556,292 $560,694
Avg Price Change -1.36% +0.79% +0.14% -0.79% +0.32%
Median Price $465,156 $460,092 $450,297 $446,432 $449,664
Med Price Change +1.10% +2.18% +0.87% -0.72% -0.29%
Avg Bedrooms 3.1 beds 3.08 beds 3.07 beds 3.06 beds 3.05 beds
Avg Bathrooms 2.31 baths 2.31 baths 2.28 baths 2.28 baths 2.28 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
South Salem 102 $728,305 111 days
Sprague 197 $576,857 63 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,255 $566,600 76 days
Distressed Homes 1 $299,999 275 days
Multi-Million Dollar Homes 91 $1,964,184 131 days
Newly Built Homes 195 $710,583 87 days
Homes with a Pool 47 $641,452 45 days
Reduced Price Homes 75 $506,612 48 days

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EXP Realty, LLC
Assurance Team Real Estate
2505 Portland Road, Suite 220
Newberg, OR 97132
503-308-9050

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 Benjamin Nelson- eXp 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 6/19/2024 12:15 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

© 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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