Salem Market Report
$355,570
AVERAGE PRICE OF 108 HOMES$166,250
AVERAGE PRICE OF 1 DISTRESSED HOMES$1,180,000
AVERAGE PRICE OF 1 MULTI-MILLION DOLLAR HOMES$469,726
AVERAGE PRICE OF 27 NEWLY BUILT HOMES$461,360
AVERAGE PRICE OF 10 HOMES WITH A POOL$129,750
AVERAGE PRICE OF 2 REDUCED PRICE HOMESAverage Home
| Average Price | $355,570 |
| Avg Bedrooms | 3.41 beds |
| Avg Bathrooms | 2.15 baths |
Average Price by Bedrooms
| 1 bedroom | $144,975 |
| 2 bedrooms | $154,740 |
| 3 bedrooms | $313,678 |
| 4 bedrooms | $399,633 |
| 5 bedrooms | $576,069 |
Salem Home Price Trends
| 11/2022 | 10/2022 | 9/2022 | 8/2022 | 7/2022 | |
|---|---|---|---|---|---|
| Total Listings | 102 | 117 | 124 | 125 | 135 |
| Average Price | $357,045 | $360,198 | $358,759 | $361,766 | $359,564 |
| Avg Price Change | -0.88% | +0.40% | -0.84% | +0.61% | n/a |
| Median Price | $323,565 | $324,948 | $327,852 | $331,447 | $324,043 |
| Med Price Change | -0.43% | -0.89% | -1.10% | +2.28% | n/a |
| Avg Bedrooms | 3.47 beds | 3.47 beds | 3.49 beds | 3.51 beds | 3.51 beds |
| Avg Bathrooms | 2.16 baths | 2.17 baths | 2.12 baths | 2.13 baths | 2.15 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Glenvar | 43 | $343,404 | 79 days |
| Hidden Valley | 2 | $748,866 | 169 days |
| Salem High | 63 | $351,388 | 88 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 108 | $355,570 | 86 days |
| Distressed Homes | 1 | $166,250 | 35 days |
| Multi-Million Dollar Homes | 1 | $1,180,000 | 154 days |
| Newly Built Homes | 27 | $469,726 | 177 days |
| Homes with a Pool | 10 | $461,360 | 72 days |
| Reduced Price Homes | 2 | $129,750 | 21 days |
