Salem Market Report
$388,441
AVERAGE PRICE OF 143 HOMES$283,500
AVERAGE PRICE OF 1 DISTRESSED HOMES$2,500,000
AVERAGE PRICE OF 1 MULTI-MILLION DOLLAR HOMES$441,240
AVERAGE PRICE OF 43 NEWLY BUILT HOMES$441,837
AVERAGE PRICE OF 19 HOMES WITH A POOL$429,958
AVERAGE PRICE OF 6 REDUCED PRICE HOMESAverage Home
| Average Price | $388,441 |
| Avg Bedrooms | 3.45 beds |
| Avg Bathrooms | 2.24 baths |
Average Price by Bedrooms
| 1 bedroom | $251,225 |
| 2 bedrooms | $227,035 |
| 3 bedrooms | $327,253 |
| 4 bedrooms | $433,781 |
| 5 bedrooms | $674,907 |
Salem Home Price Trends
| 11/2023 | 10/2023 | 9/2023 | 8/2023 | 7/2023 | |
|---|---|---|---|---|---|
| Total Listings | 138 | 135 | 131 | 118 | 119 |
| Average Price | $392,139 | $406,750 | $401,674 | $381,625 | $372,149 |
| Avg Price Change | -3.73% | +1.26% | +5.25% | +2.55% | -2.51% |
| Median Price | $373,907 | $381,576 | $380,665 | $372,526 | $368,691 |
| Med Price Change | -2.05% | +0.24% | +2.18% | +1.04% | -3.59% |
| Avg Bedrooms | 3.44 beds | 3.49 beds | 3.53 beds | 3.53 beds | 3.47 beds |
| Avg Bathrooms | 2.26 baths | 2.27 baths | 2.24 baths | 2.21 baths | 2.14 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Glenvar | 48 | $415,213 | 96 days |
| Salem High | 95 | $374,914 | 87 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 143 | $388,441 | 90 days |
| Distressed Homes | 1 | $283,500 | 8 days |
| Multi-Million Dollar Homes | 1 | $2,500,000 | 89 days |
| Newly Built Homes | 43 | $441,240 | 157 days |
| Homes with a Pool | 19 | $441,837 | 114 days |
| Reduced Price Homes | 6 | $429,958 | 66 days |
