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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

$476,507

AVERAGE PRICE OF 590 HOMES

$2,452,214

AVERAGE PRICE OF 14 MULTI-MILLION DOLLAR HOMES

$546,722

AVERAGE PRICE OF 72 NEWLY BUILT HOMES

$573,503

AVERAGE PRICE OF 25 HOMES WITH A POOL

$389,757

AVERAGE PRICE OF 19 REDUCED PRICE HOMES

Average Home

Average Price $476,507
Avg Bedrooms 3.28 beds
Avg Bathrooms 2.16 baths

Average Price by Bedrooms

1 bedroom $241,357
2 bedrooms $276,644
3 bedrooms $439,833
4 bedrooms $574,206
5 bedrooms $663,107
Salem Home Price Trends
  11/2021 10/2021 9/2021 8/2021 7/2021
Total Listings n/a 718 724 716 669
Average Price n/a $481,498 $492,443 $480,253 $471,649
Avg Price Change n/a -2.27% +2.54% +1.82% +4.56%
Median Price n/a $395,982 $399,853 $399,444 $399,358
Med Price Change n/a -0.98% +0.10% +0.02% +2.84%
Avg Bedrooms n/a 3.29 beds 3.29 beds 3.3 beds 3.32 beds
Avg Bathrooms n/a 2.19 baths 2.2 baths 2.22 baths 2.24 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 65 $366,977 51 days
North Salem 80 $389,033 46 days
South Salem 116 $435,605 59 days
Sprague 135 $535,475 76 days
West Salem 81 $576,071 52 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 590 $476,507 57 days
Multi-Million Dollar Homes 14 $2,452,214 106 days
Newly Built Homes 72 $546,722 105 days
Homes with a Pool 25 $573,503 79 days
Reduced Price Homes 19 $389,757 44 days