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Salem

Why you'd want to live in Salem

Salem, the capital of Oregon, is in the state's northwest region in the center of the Willamette Valley, one hour south of Portland. Salem is known for hosting the Salem Film Festival, which earned the city a spot on Livability.com's Top 10 Film Festivals list. Residents also enjoy the family-friendly Riverfront Park, several golf courses and restaurants famous for Northwest cuisine.

Salem Market Report

$476,593

AVERAGE PRICE OF 674 HOMES

$1,526,369

AVERAGE PRICE OF 27 MULTI-MILLION DOLLAR HOMES

$533,451

AVERAGE PRICE OF 80 NEWLY BUILT HOMES

$571,237

AVERAGE PRICE OF 37 HOMES WITH A POOL

$485,827

AVERAGE PRICE OF 33 REDUCED PRICE HOMES

Average Home

Average Price $476,593
Avg Bedrooms 3.3 beds
Avg Bathrooms 2.23 baths

Average Price by Bedrooms

1 bedroom $414,087
2 bedrooms $322,587
3 bedrooms $407,300
4 bedrooms $607,756
5 bedrooms $653,702
Salem Home Price Trends
  7/2021 6/2021 5/2021 4/2021 3/2021
Total Listings 669 653 598 545 495
Average Price $471,649 $451,099 $438,237 $424,285 $424,533
Avg Price Change +4.56% +2.93% +3.29% -0.06% n/a
Median Price $399,358 $388,315 $386,263 $374,917 $372,352
Med Price Change +2.84% +0.53% +3.03% +0.69% n/a
Avg Bedrooms 3.32 beds 3.33 beds 3.32 beds 3.28 beds 3.29 beds
Avg Bathrooms 2.24 baths 2.23 baths 2.25 baths 2.21 baths 2.22 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 69 $362,397 32 days
North Salem 88 $379,061 33 days
South Salem 141 $445,995 42 days
Sprague 178 $570,993 59 days
West Salem 104 $560,005 54 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 674 $476,593 46 days
Multi-Million Dollar Homes 27 $1,526,369 68 days
Newly Built Homes 80 $533,451 95 days
Homes with a Pool 37 $571,237 52 days
Reduced Price Homes 33 $485,827 32 days