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Salem

Why you'd want to live in Salem

Salem is the capital city of the state of Oregon and also the county seat of Marion County. It is situated about 46 miles southwest of Portland in Oregon's Willamette River valley, one of the nation's most fertile agricultural regions. The city lies at the junction of Oregon State Highways 22, 213, and 221. Interstate I-5 provides northerly transportation to Portland and southerly to the city of Eugene. One of Oregon's oldest communities, Salem was originally called Chemeketa, an Indian term meaning "meeting or resting place." It replaced Oregon City as the territorial capital in 1851, but in 1855 it was itself temporarily replaced as capital by the city of Corvallis (40 miles to the south). This arrangement lasted less than a year, after which time Salem was restored to its former status as territorial capital. Salem became incorporated as a city in 1857 and when Oregon achieved statehood two years later, Salem became its permanent state capital. Fire destroyed both of the city's first two Capitol buildings, one of which was copper-domed and modeled in part after the U.S. Capitol building. Salem's third (and present) Oregon State Capitol building was completed in 1938 at the site of the first two. The structure is distinguished by its gold-plated pioneer statue, known as the Oregon Pioneer, mounted atop the capitol dome. via citytowninfo.com

Salem Market Report

$533,341

AVERAGE PRICE OF 1,234 HOMES

$1,625,985

AVERAGE PRICE OF 58 MULTI-MILLION DOLLAR HOMES

$549,828

AVERAGE PRICE OF 216 NEWLY BUILT HOMES

$672,993

AVERAGE PRICE OF 35 HOMES WITH A POOL

$488,737

AVERAGE PRICE OF 90 REDUCED PRICE HOMES

$322,325

AVERAGE PRICE OF 2 DISTRESSED HOMES

Average Home

Average Price $533,341
Avg Bedrooms 3.43 beds
Avg Bathrooms 2.58 baths

Average Price by Bedrooms

1 bedroom $405,165
2 bedrooms $438,437
3 bedrooms $515,512
4 bedrooms $589,268
5 bedrooms $703,670
Salem Home Price Trends
  8/2022 7/2022 6/2022 5/2022 4/2022
Total Listings 1,175 1,123 n/a n/a n/a
Average Price $539,431 $545,082 n/a n/a n/a
Avg Price Change -1.05% n/a n/a n/a n/a
Median Price $465,170 $469,480 n/a n/a n/a
Med Price Change -0.93% n/a n/a n/a n/a
Avg Bedrooms 3.3 beds 3.28 beds n/a n/a n/a
Avg Bathrooms 2.39 baths 2.4 baths n/a n/a n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Cascade Sr High 1 $1,100,000 29 days
McKay 132 $415,002 49 days
McKay High 3 $574,600 91 days
McNary High 1 $715,000 164 days
North Salem 202 $451,673 55 days
South Salem 273 $545,855 54 days
Sprague 248 $582,162 49 days
Sprague High 4 $618,725 21 days
West Salem 195 $571,835 47 days
West Salem High 1 $699,900 121 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,234 $533,341 56 days
Multi-Million Dollar Homes 58 $1,625,985 71 days
Newly Built Homes 216 $549,828 67 days
Homes with a Pool 35 $672,993 51 days
Reduced Price Homes 90 $488,737 47 days
Distressed Homes 2 $322,325 34 days
Keller Williams Realty Mid-Willamette
541-740-7752
Oregon Farm & Home Brokers, Driven by Trust & Value
Each office is independently owned and operated
541-497-6514
2125 Pacific Blvd. Albany, OR 97321
1121 NW 9th St Corvallis, OR 97330


Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.
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 Paul Terjeson - Keller Williams Realty Mid-Willamette 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 9/24/2022 10:30 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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