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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

$515,951

AVERAGE PRICE OF 715 HOMES

$599,625

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,581,886

AVERAGE PRICE OF 36 MULTI-MILLION DOLLAR HOMES

$557,973

AVERAGE PRICE OF 89 NEWLY BUILT HOMES

$778,377

AVERAGE PRICE OF 40 HOMES WITH A POOL

$478,506

AVERAGE PRICE OF 16 REDUCED PRICE HOMES

Average Home

Average Price $515,951
Avg Bedrooms 3.22 beds
Avg Bathrooms 2.42 baths

Average Price by Bedrooms

1 bedroom $262,330
2 bedrooms $242,641
3 bedrooms $487,074
4 bedrooms $691,971
5 bedrooms $762,565
Salem Home Price Trends
  11/2024 10/2024 9/2024 8/2024 7/2024
Total Listings 1,171 1,263 1,339 1,350 1,323
Average Price $605,646 $594,396 $578,633 $581,114 $569,077
Avg Price Change +1.89% +2.72% -0.43% +2.12% +0.73%
Median Price $472,261 $469,253 $468,388 $469,589 $463,847
Med Price Change +0.64% +0.18% -0.26% +1.24% +0.13%
Avg Bedrooms 3.06 beds 3.08 beds 3.07 beds 3.06 beds 3.08 beds
Avg Bathrooms 2.29 baths 2.28 baths 2.29 baths 2.26 baths 2.27 baths
Home Price by High School
School Name Total Homes Average Price
Sprague 177 $630,424
Home Price by House Size
Total Homes Average Price
All Homes 715 $515,951
Distressed Homes 1 $599,625
Multi-Million Dollar Homes 36 $1,581,886
Newly Built Homes 89 $557,973
Homes with a Pool 40 $778,377
Reduced Price Homes 16 $478,506

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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 12/2/2024 7:16 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.
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