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Salem

Why you'd want to live in Salem

From the historic downtown area to the vineyard-covered Willamette Valley countryside, Salem, Oregon, provides a peaceful setting and a more relaxed atmosphere than you'd find in a larger city like Portland, located less than 50 miles north. While Salem does have a small-town feel, it doesn’t lack in amenities. The metro area is home to a major hospital and several shopping centers, as well as Willamette University. Salem also has a relatively vibrant cultural scene anchored by the historic Elsinore Theatre, where residents can enjoy classic cinema, live music and theater. The Hallie Ford Museum of Art, part of Willamette University, is home to a collection of Pacific Northwest art, as well as a variety of works from around the globe. The city also celebrates various cultures with its annual World Beat Festival, which is organized by the Salem Multicultural Institute. via realestate.usnews.com

Salem Market Report

$506,259

AVERAGE PRICE OF 846 HOMES

$615,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,347,555

AVERAGE PRICE OF 40 MULTI-MILLION DOLLAR HOMES

$578,279

AVERAGE PRICE OF 109 NEWLY BUILT HOMES

$696,451

AVERAGE PRICE OF 43 HOMES WITH A POOL

$504,328

AVERAGE PRICE OF 79 REDUCED PRICE HOMES

Average Home

Average Price $506,259
Avg Bedrooms 3.25 beds
Avg Bathrooms 2.4 baths

Average Price by Bedrooms

1 bedroom $259,110
2 bedrooms $245,228
3 bedrooms $479,494
4 bedrooms $647,660
5 bedrooms $745,449
Salem Home Price Trends
  6/2024 5/2024 4/2024 3/2024 2/2024
Total Listings 1,239 1,172 1,105 977 893
Average Price $564,965 $553,918 $561,468 $557,052 $556,292
Avg Price Change +1.99% -1.36% +0.79% +0.14% -0.79%
Median Price $463,256 $465,156 $460,092 $450,297 $446,432
Med Price Change -0.41% +1.10% +2.18% +0.87% -0.72%
Avg Bedrooms 3.07 beds 3.1 beds 3.08 beds 3.07 beds 3.06 beds
Avg Bathrooms 2.28 baths 2.31 baths 2.31 baths 2.28 baths 2.28 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Sprague 215 $574,520 67 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 846 $506,259 65 days
Distressed Homes 1 $615,000 8 days
Multi-Million Dollar Homes 40 $1,347,555 100 days
Newly Built Homes 109 $578,279 108 days
Homes with a Pool 43 $696,451 47 days
Reduced Price Homes 79 $504,328 60 days

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HomeSmart Realty Group
Jim And Kristin Sparkman
3240 Commercial St SE Ste 100
Salem, OR 97302
503-910-8414


187 High Street NE Suite 213
Salem, OR 97301
971-241-7141

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 Jim Sparkman - HomeSmart Realty Group 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 7/17/2024 12:15 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

© 2024 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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