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Salem Market Report

$491,407

AVERAGE PRICE OF 670 HOMES

$174,900

AVERAGE PRICE OF 1 DISTRESSED HOMES

$2,956,789

AVERAGE PRICE OF 19 MULTI-MILLION DOLLAR HOMES

$516,169

AVERAGE PRICE OF 148 NEWLY BUILT HOMES

$816,488

AVERAGE PRICE OF 18 HOMES WITH A POOL

$509,175

AVERAGE PRICE OF 4 REDUCED PRICE HOMES

Average Home

Average Price $491,407
Avg Bedrooms 3.21 beds
Avg Bathrooms 2.15 baths

Average Price by Bedrooms

1 bedroom $223,487
2 bedrooms $240,589
3 bedrooms $424,789
4 bedrooms $603,695
5 bedrooms $627,051
Salem Home Price Trends
  12/2021 11/2021 10/2021 9/2021 8/2021
Total Listings 844 n/a 1,096 1,117 1,082
Average Price $481,881 n/a $483,934 $491,702 $488,116
Avg Price Change n/a n/a -1.61% +0.73% +1.86%
Median Price $402,340 n/a $398,258 $400,321 $401,775
Med Price Change n/a n/a -0.52% -0.36% +0.04%
Avg Bedrooms 3.15 beds n/a 3.18 beds 3.21 beds 3.28 beds
Avg Bathrooms 2.25 baths n/a 2.27 baths 2.31 baths 2.41 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Check With District 1 $174,900 141 days
McKay 68 $368,301 61 days
North Salem 131 $390,454 59 days
North Salem High 1 $230,000 153 days
South Salem 153 $431,217 68 days
South Salem High 2 $397,495 28 days
Sprague 126 $633,989 78 days
Sprague High 4 $442,450 27 days
West Salem 74 $587,882 88 days
West Salem High 2 $454,450 49 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 670 $491,407 64 days
Distressed Homes 1 $174,900 141 days
Multi-Million Dollar Homes 19 $2,956,789 100 days
Newly Built Homes 148 $516,169 85 days
Homes with a Pool 18 $816,488 254 days
Reduced Price Homes 4 $509,175 29 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 - Oregon Farm & Home Brokers 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 1/27/2022 6:03 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. Information contained on this site is deemed reliable but not guaranteed.
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