Salem Market Report
$406,240
AVERAGE PRICE OF 120 HOMES$162,000
AVERAGE PRICE OF 1 DISTRESSED HOMES$1,548,317
AVERAGE PRICE OF 3 MULTI-MILLION DOLLAR HOMES$430,877
AVERAGE PRICE OF 41 NEWLY BUILT HOMES$431,989
AVERAGE PRICE OF 9 HOMES WITH A POOL$344,316
AVERAGE PRICE OF 3 REDUCED PRICE HOMESAverage Home
Average Price | $406,240 |
Avg Bedrooms | 3.43 beds |
Avg Bathrooms | 2.14 baths |
Average Price by Bedrooms
1 bedroom | $300,000 |
2 bedrooms | $263,682 |
3 bedrooms | $346,182 |
4 bedrooms | $442,605 |
5 bedrooms | $603,033 |
Salem Home Price Trends
1/2025 | 12/2024 | 11/2024 | 10/2024 | 9/2024 | |
---|---|---|---|---|---|
Total Listings | 114 | 120 | 149 | 154 | 156 |
Average Price | $409,569 | $407,856 | $398,229 | $392,100 | $409,298 |
Avg Price Change | +0.42% | +2.42% | +1.56% | -4.39% | -3.55% |
Median Price | $384,889 | $384,586 | $378,841 | $375,492 | $384,669 |
Med Price Change | +0.08% | +1.52% | +0.89% | -2.44% | -3.45% |
Avg Bedrooms | 3.49 beds | 3.55 beds | 3.53 beds | 3.53 beds | 3.55 beds |
Avg Bathrooms | 2.18 baths | 2.2 baths | 2.24 baths | 2.27 baths | 2.35 baths |
Home Price by High School
School Name | Total Homes | Average Price | Avg Days on Site |
---|---|---|---|
Salem High | 63 | $368,941 | 123 days |
Home Price by House Size
Total Homes | Average Price | Avg Days on Site | |
---|---|---|---|
All Homes | 120 | $406,240 | 100 days |
Distressed Homes | 1 | $162,000 | 63 days |
Multi-Million Dollar Homes | 3 | $1,548,317 | 105 days |
Newly Built Homes | 41 | $430,877 | 170 days |
Homes with a Pool | 9 | $431,989 | 118 days |
Reduced Price Homes | 3 | $344,316 | 42 days |