Salem Market Report
$512,978
AVERAGE PRICE OF 873 HOMES$461,500
AVERAGE PRICE OF 2 DISTRESSED HOMES$1,448,208
AVERAGE PRICE OF 38 MULTI-MILLION DOLLAR HOMES$569,997
AVERAGE PRICE OF 103 NEWLY BUILT HOMES$709,625
AVERAGE PRICE OF 54 HOMES WITH A POOL$504,590
AVERAGE PRICE OF 58 REDUCED PRICE HOMESAverage Home
| Average Price | $512,978 |
| Avg Bedrooms | 3.25 beds |
| Avg Bathrooms | 2.41 baths |
Average Price by Bedrooms
| 1 bedroom | $295,478 |
| 2 bedrooms | $251,590 |
| 3 bedrooms | $475,248 |
| 4 bedrooms | $652,148 |
| 5 bedrooms | $770,694 |
Salem Home Price Trends
| 8/2024 | 7/2024 | 6/2024 | 5/2024 | 4/2024 | |
|---|---|---|---|---|---|
| Total Listings | 1,350 | 1,323 | 1,239 | 1,172 | 1,105 |
| Average Price | $581,114 | $569,077 | $564,965 | $553,918 | $561,468 |
| Avg Price Change | +2.12% | +0.73% | +1.99% | -1.36% | +0.79% |
| Median Price | $469,589 | $463,847 | $463,256 | $465,156 | $460,092 |
| Med Price Change | +1.24% | +0.13% | -0.41% | +1.10% | +2.18% |
| Avg Bedrooms | 3.06 beds | 3.08 beds | 3.07 beds | 3.1 beds | 3.08 beds |
| Avg Bathrooms | 2.26 baths | 2.27 baths | 2.28 baths | 2.31 baths | 2.31 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Sprague | 193 | $619,526 | 83 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 873 | $512,978 | 72 days |
| Distressed Homes | 2 | $461,500 | 38 days |
| Multi-Million Dollar Homes | 38 | $1,448,208 | 120 days |
| Newly Built Homes | 103 | $569,997 | 115 days |
| Homes with a Pool | 54 | $709,625 | 55 days |
| Reduced Price Homes | 58 | $504,590 | 67 days |
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