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 HOMESAverage 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 |
