Salem Market Report
$401,893
AVERAGE PRICE OF 122 HOMES$217,500
AVERAGE PRICE OF 2 DISTRESSED HOMES$1,206,633
AVERAGE PRICE OF 3 MULTI-MILLION DOLLAR HOMES$454,263
AVERAGE PRICE OF 37 NEWLY BUILT HOMES$434,029
AVERAGE PRICE OF 12 HOMES WITH A POOL$267,080
AVERAGE PRICE OF 5 REDUCED PRICE HOMESAverage Home
| Average Price | $401,893 |
| Avg Bedrooms | 3.53 beds |
| Avg Bathrooms | 2.2 baths |
Average Price by Bedrooms
| 1 bedroom | $189,950 |
| 2 bedrooms | $245,260 |
| 3 bedrooms | $333,941 |
| 4 bedrooms | $438,409 |
| 5 bedrooms | $612,248 |
Salem Home Price Trends
| 11/2024 | 10/2024 | 9/2024 | 8/2024 | 7/2024 | |
|---|---|---|---|---|---|
| Total Listings | 149 | 154 | 156 | 135 | 144 |
| Average Price | $398,229 | $392,100 | $409,298 | $423,811 | $389,448 |
| Avg Price Change | +1.56% | -4.39% | -3.55% | +8.82% | -1.89% |
| Median Price | $378,841 | $375,492 | $384,669 | $397,956 | $385,330 |
| Med Price Change | +0.89% | -2.44% | -3.45% | +3.28% | +0.56% |
| Avg Bedrooms | 3.53 beds | 3.53 beds | 3.55 beds | 3.6 beds | 3.47 beds |
| Avg Bathrooms | 2.24 baths | 2.27 baths | 2.35 baths | 2.41 baths | 2.26 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Salem High | 64 | $365,972 | 110 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 122 | $401,893 | 105 days |
| Distressed Homes | 2 | $217,500 | 59 days |
| Multi-Million Dollar Homes | 3 | $1,206,633 | 111 days |
| Newly Built Homes | 37 | $454,263 | 185 days |
| Homes with a Pool | 12 | $434,029 | 112 days |
| Reduced Price Homes | 5 | $267,080 | 47 days |
