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Salem Market Report

$566,709

AVERAGE PRICE OF 1,257 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 $566,709
Avg Bedrooms 2.87 beds
Avg Bathrooms 2.01 baths

Average Price by Bedrooms

1 bedroom $216,412
2 bedrooms $324,794
3 bedrooms $589,829
4 bedrooms $611,418
5 bedrooms $797,051
Salem Home Price Trends
  5/2024 4/2024 3/2024 2/2024 1/2024
Total Listings 1,175 1,105 977 893 882
Average Price $553,973 $561,468 $557,052 $556,292 $560,694
Avg Price Change -1.35% +0.79% +0.14% -0.79% +0.32%
Median Price $465,286 $460,092 $450,297 $446,432 $449,664
Med Price Change +1.13% +2.18% +0.87% -0.72% -0.29%
Avg Bedrooms 3.03 beds 3.08 beds 3.07 beds 3.06 beds 3.05 beds
Avg Bathrooms 2.1 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
Gervais High 1 $795,000 38 days
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 1,257 $566,709 63 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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Keller Williams Realty Mid-Willamette
541-740-7752
Each office is independently owned and operated
2125 Pacific Blvd. SW, Albany, OR 97321
201 NW 3rd 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 6/17/2024 2:57 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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