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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

$524,286

AVERAGE PRICE OF 1,221 HOMES

$1,675,134

AVERAGE PRICE OF 53 MULTI-MILLION DOLLAR HOMES

$474,568

AVERAGE PRICE OF 113 REDUCED PRICE HOMES

$553,855

AVERAGE PRICE OF 213 NEWLY BUILT HOMES

$768,387

AVERAGE PRICE OF 39 HOMES WITH A POOL

$322,325

AVERAGE PRICE OF 2 DISTRESSED HOMES

Average Home

Average Price $524,286
Avg Bedrooms 3.16 beds
Avg Bathrooms 2.43 baths

Average Price by Bedrooms

1 bedroom $392,183
2 bedrooms $306,307
3 bedrooms $506,829
4 bedrooms $581,216
5 bedrooms $978,247
Salem Home Price Trends
  9/2022 8/2022 7/2022 6/2022 5/2022
Total Listings 1,210 1,173 1,120 n/a n/a
Average Price $534,404 $539,959 $545,801 n/a n/a
Avg Price Change -1.04% -1.08% n/a n/a n/a
Median Price $465,322 $464,755 $469,090 n/a n/a
Med Price Change +0.12% -0.93% n/a n/a n/a
Avg Bedrooms 3.16 beds 3.2 beds 3.22 beds n/a n/a
Avg Bathrooms 2.47 baths 2.58 baths 2.62 baths n/a n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 121 $388,403 53 days
North Salem 196 $441,918 52 days
South Salem 284 $539,879 57 days
Sprague 253 $570,049 49 days
West Salem 190 $557,533 47 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,221 $524,286 58 days
Multi-Million Dollar Homes 53 $1,675,134 110 days
Reduced Price Homes 113 $474,568 69 days
Newly Built Homes 213 $553,855 67 days
Homes with a Pool 39 $768,387 49 days
Distressed Homes 2 $322,325 42 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 10/2/2022 4:37 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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