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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

$556,622

AVERAGE PRICE OF 1,181 HOMES

$299,999

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,998,636

AVERAGE PRICE OF 75 MULTI-MILLION DOLLAR HOMES

$672,717

AVERAGE PRICE OF 188 NEWLY BUILT HOMES

$655,574

AVERAGE PRICE OF 36 HOMES WITH A POOL

$469,588

AVERAGE PRICE OF 74 REDUCED PRICE HOMES

Average Home

Average Price $556,622
Avg Bedrooms 3.12 beds
Avg Bathrooms 2.31 baths

Average Price by Bedrooms

1 bedroom $243,266
2 bedrooms $256,580
3 bedrooms $486,608
4 bedrooms $601,458
5 bedrooms $739,110
Salem Home Price Trends
  4/2024 3/2024 2/2024 1/2024 12/2023
Total Listings 1,105 977 893 882 925
Average Price $561,468 $557,052 $556,292 $560,694 $558,920
Avg Price Change +0.79% +0.14% -0.79% +0.32% +0.46%
Median Price $460,092 $450,297 $446,432 $449,664 $450,979
Med Price Change +2.18% +0.87% -0.72% -0.29% +0.24%
Avg Bedrooms 3.08 beds 3.07 beds 3.06 beds 3.05 beds 3.05 beds
Avg Bathrooms 2.31 baths 2.28 baths 2.28 baths 2.28 baths 2.25 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
North Salem 93 $426,297 66 days
Sprague 184 $572,629 65 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,181 $556,622 76 days
Distressed Homes 1 $299,999 251 days
Multi-Million Dollar Homes 75 $1,998,636 138 days
Newly Built Homes 188 $672,717 81 days
Homes with a Pool 36 $655,574 62 days
Reduced Price Homes 74 $469,588 54 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 5/24/2024 1:45 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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