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  • Salem Market Report

    $280,315

    AVERAGE PRICE OF 190 HOMES

    $255,000

    AVERAGE PRICE OF 1 DISTRESSED HOMES

    $1,020,553

    AVERAGE PRICE OF 1 MULTI-MILLION DOLLAR HOMES

    $416,081

    AVERAGE PRICE OF 35 NEWLY BUILT HOMES

    $269,405

    AVERAGE PRICE OF 11 HOMES WITH A POOL

    $221,954

    AVERAGE PRICE OF 4 REDUCED PRICE HOMES

    Average Home

    Average Price $280,315
    Avg Bedrooms 3.38 beds
    Avg Bathrooms 2.07 baths

    Average Price by Bedrooms

    1 bedroom $94,650
    2 bedrooms $149,217
    3 bedrooms $253,175
    4 bedrooms $308,949
    5 bedrooms $471,700
    Salem Home Price Trends
      10/2020 9/2020 8/2020 7/2020 6/2020
    Total Listings 202 192 202 217 214
    Average Price $290,013 $299,151 $317,975 $311,850 $297,436
    Avg Price Change -3.15% -6.29% +1.96% +4.85% +3.38%
    Median Price $255,683 $273,857 $295,693 $291,360 $268,729
    Med Price Change -7.11% -7.97% +1.49% +8.42% +3.15%
    Avg Bedrooms 3.4 beds 3.46 beds 3.52 beds 3.55 beds 3.55 beds
    Avg Bathrooms 2.17 baths 2.2 baths 2.26 baths 2.24 baths 2.15 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Site
    Glenvar 76 $270,369 102 days
    Hidden Valley 5 $682,379 163 days
    Northside 1 $275,000 34 days
    Salem High 108 $268,749 72 days
    Home Price by House Size
    Total Homes Average Price Avg Days on Site
    All Homes 190 $280,315 86 days
    Distressed Homes 1 $255,000 102 days
    Multi-Million Dollar Homes 1 $1,020,553 286 days
    Newly Built Homes 35 $416,081 181 days
    Homes with a Pool 11 $269,405 77 days
    Reduced Price Homes 4 $221,954 50 days