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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

$432,902

AVERAGE PRICE OF 601 HOMES

$1,382,727

AVERAGE PRICE OF 15 MULTI-MILLION DOLLAR HOMES

$467,223

AVERAGE PRICE OF 100 NEWLY BUILT HOMES

$611,461

AVERAGE PRICE OF 21 HOMES WITH A POOL

$435,053

AVERAGE PRICE OF 15 REDUCED PRICE HOMES

Average Home

Average Price $432,902
Avg Bedrooms 3.3 beds
Avg Bathrooms 2.24 baths

Average Price by Bedrooms

1 bedroom $327,700
2 bedrooms $253,714
3 bedrooms $387,844
4 bedrooms $548,224
5 bedrooms $604,743
Salem Home Price Trends
  4/2021 3/2021 2/2021 1/2021 12/2020
Total Listings 545 495 n/a 433 493
Average Price $424,285 $424,533 n/a $1,045,943 $430,834
Avg Price Change -0.06% n/a n/a +142.77% +1.64%
Median Price $374,917 $372,352 n/a $361,969 $361,242
Med Price Change +0.69% n/a n/a +0.20% +1.55%
Avg Bedrooms 3.28 beds 3.29 beds n/a 3.33 beds 3.34 beds
Avg Bathrooms 2.21 baths 2.22 baths n/a 2.3 baths 2.3 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
McKay 49 $319,973 39 days
North Salem 72 $374,273 28 days
South Salem 108 $410,327 31 days
Sprague 160 $524,413 55 days
West Salem 82 $520,014 58 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 601 $432,902 47 days
Multi-Million Dollar Homes 15 $1,382,727 97 days
Newly Built Homes 100 $467,223 94 days
Homes with a Pool 21 $611,461 63 days
Reduced Price Homes 15 $435,053 24 days