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Salem

Why you'd want to live in Salem

Salem is the capital city of Oregon with a population of more than 168,000 (2020). Centrally located, Salem is 47 miles south of Portland and an hour from the Cascade Mountains and the ocean beaches. Salem is in the midst of sustained, steady growth. Ongoing preservation of historic downtown buildings, along with a downtown core master plan for residential and commercial development, ensures managed growth. via cityofsalem.net

Salem Market Report

$520,171

AVERAGE PRICE OF 790 HOMES

$338,750

AVERAGE PRICE OF 2 DISTRESSED HOMES

$2,089,412

AVERAGE PRICE OF 31 MULTI-MILLION DOLLAR HOMES

$522,405

AVERAGE PRICE OF 153 NEWLY BUILT HOMES

$916,109

AVERAGE PRICE OF 20 HOMES WITH A POOL

$1,145,763

AVERAGE PRICE OF 11 REDUCED PRICE HOMES

Average Home

Average Price $520,171
Avg Bedrooms 3.56 beds
Avg Bathrooms 2.32 baths

Average Price by Bedrooms

1 bedroom $218,519
2 bedrooms $309,717
3 bedrooms $481,392
4 bedrooms $685,482
5 bedrooms $687,562
Salem Home Price Trends
  4/2022 3/2022 2/2022 1/2022 12/2021
Total Listings n/a 700 672 686 824
Average Price n/a $520,546 $509,764 $477,723 $482,169
Avg Price Change n/a +2.12% +6.71% -0.93% n/a
Median Price n/a $424,871 $410,427 $402,655 $402,752
Med Price Change n/a +3.52% +1.93% -0.02% n/a
Avg Bedrooms n/a 3.86 beds 3.32 beds 3.21 beds 3.21 beds
Avg Bathrooms n/a 2.33 baths 2.23 baths 2.14 baths 2.11 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 98 $372,544 49 days
North Salem 162 $419,049 50 days
South Salem 146 $536,585 65 days
Sprague 162 $609,372 46 days
West Salem 114 $605,207 61 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 790 $520,171 43 days
Distressed Homes 2 $338,750 21 days
Multi-Million Dollar Homes 31 $2,089,412 106 days
Newly Built Homes 153 $522,405 78 days
Homes with a Pool 20 $916,109 276 days
Reduced Price Homes 11 $1,145,763 35 days
Windermere Willamette Valley
Hong Wolfe
987 NW Circle Blvd
Corvallis, OR 97330
541-740-9497

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 Hong Wolfe - Windermere Real Estate 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 5/19/2022 10:16 PM 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. Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.
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