Salem Market Report
$410,014
AVERAGE PRICE OF 115 HOMES$208,500
AVERAGE PRICE OF 2 DISTRESSED HOMES$1,581,650
AVERAGE PRICE OF 3 MULTI-MILLION DOLLAR HOMES$421,064
AVERAGE PRICE OF 39 NEWLY BUILT HOMES$458,827
AVERAGE PRICE OF 9 HOMES WITH A POOL$246,200
AVERAGE PRICE OF 2 REDUCED PRICE HOMESAverage Home
| Average Price | $410,014 |
| Avg Bedrooms | 3.49 beds |
| Avg Bathrooms | 2.16 baths |
Average Price by Bedrooms
| 1 bedroom | $350,000 |
| 2 bedrooms | $256,350 |
| 3 bedrooms | $357,486 |
| 4 bedrooms | $428,724 |
| 5 bedrooms | $565,302 |
Salem Home Price Trends
| 12/2024 | 11/2024 | 10/2024 | 9/2024 | 8/2024 | |
|---|---|---|---|---|---|
| Total Listings | 120 | 149 | 154 | 156 | 135 |
| Average Price | $407,856 | $398,229 | $392,100 | $409,298 | $423,811 |
| Avg Price Change | +2.42% | +1.56% | -4.39% | -3.55% | +8.82% |
| Median Price | $384,586 | $378,841 | $375,492 | $384,669 | $397,956 |
| Med Price Change | +1.52% | +0.89% | -2.44% | -3.45% | +3.28% |
| Avg Bedrooms | 3.55 beds | 3.53 beds | 3.53 beds | 3.55 beds | 3.6 beds |
| Avg Bathrooms | 2.2 baths | 2.24 baths | 2.27 baths | 2.35 baths | 2.41 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Salem High | 61 | $363,695 | 124 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 115 | $410,014 | 100 days |
| Distressed Homes | 2 | $208,500 | 93 days |
| Multi-Million Dollar Homes | 3 | $1,581,650 | 81 days |
| Newly Built Homes | 39 | $421,064 | 160 days |
| Homes with a Pool | 9 | $458,827 | 142 days |
| Reduced Price Homes | 2 | $246,200 | 40 days |
