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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

$577,684

AVERAGE PRICE OF 841 HOMES

$3,092,343

AVERAGE PRICE OF 37 MULTI-MILLION DOLLAR HOMES

$867,937

AVERAGE PRICE OF 172 NEWLY BUILT HOMES

$755,027

AVERAGE PRICE OF 29 HOMES WITH A POOL

$442,194

AVERAGE PRICE OF 35 REDUCED PRICE HOMES

$319,200

AVERAGE PRICE OF 2 DISTRESSED HOMES

Average Home

Average Price $577,684
Avg Bedrooms 3.03 beds
Avg Bathrooms 2.23 baths

Average Price by Bedrooms

1 bedroom $215,287
2 bedrooms $251,466
3 bedrooms $475,381
4 bedrooms $593,117
5 bedrooms $834,468
Salem Home Price Trends
  2/2023 1/2023 12/2022 11/2022 10/2022
Total Listings 908 874 974 1,143 1,219
Average Price $562,257 $579,467 $572,758 $511,648 $519,382
Avg Price Change -3.06% +1.17% +11.94% -1.51% -2.89%
Median Price $444,461 $449,982 $449,019 $448,738 $450,448
Med Price Change -1.24% +0.21% +0.06% -0.38% -3.30%
Avg Bedrooms 3.58 beds 3.35 beds 3.27 beds 3.2 beds 3.16 beds
Avg Bathrooms 2.28 baths 2.2 baths 2.24 baths 2.4 baths 2.41 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 80 $355,151 80 days
North Salem 152 $418,372 71 days
South Salem 201 $561,726 80 days
Sprague 158 $581,744 74 days
West Salem 131 $1,030,836 97 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 841 $577,684 81 days
Multi-Million Dollar Homes 37 $3,092,343 149 days
Newly Built Homes 172 $867,937 109 days
Homes with a Pool 29 $755,027 80 days
Reduced Price Homes 35 $442,194 61 days
Distressed Homes 2 $319,200 44 days

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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 3/26/2023 3:08 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

© 2023 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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