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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

$590,059

AVERAGE PRICE OF 1,299 HOMES

$426,000

AVERAGE PRICE OF 3 DISTRESSED HOMES

$2,145,092

AVERAGE PRICE OF 89 MULTI-MILLION DOLLAR HOMES

$669,147

AVERAGE PRICE OF 163 NEWLY BUILT HOMES

$712,945

AVERAGE PRICE OF 56 HOMES WITH A POOL

$478,734

AVERAGE PRICE OF 104 REDUCED PRICE HOMES

Average Home

Average Price $590,059
Avg Bedrooms 3.08 beds
Avg Bathrooms 2.29 baths

Average Price by Bedrooms

1 bedroom $272,280
2 bedrooms $260,026
3 bedrooms $497,725
4 bedrooms $649,145
5 bedrooms $857,670
Salem Home Price Trends
  9/2024 8/2024 7/2024 6/2024 5/2024
Total Listings 1,339 1,350 1,323 1,239 1,172
Average Price $578,633 $581,114 $569,077 $564,965 $553,918
Avg Price Change -0.43% +2.12% +0.73% +1.99% -1.36%
Median Price $468,388 $469,589 $463,847 $463,256 $465,156
Med Price Change -0.26% +1.24% +0.13% -0.41% +1.10%
Avg Bedrooms 3.07 beds 3.06 beds 3.08 beds 3.07 beds 3.1 beds
Avg Bathrooms 2.29 baths 2.26 baths 2.27 baths 2.28 baths 2.31 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
South Salem 99 $633,038 91 days
Sprague 197 $628,134 82 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,299 $590,059 85 days
Distressed Homes 3 $426,000 46 days
Multi-Million Dollar Homes 89 $2,145,092 150 days
Newly Built Homes 163 $669,147 82 days
Homes with a Pool 56 $712,945 74 days
Reduced Price Homes 104 $478,734 63 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 10/6/2024 1:30 AM 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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