Salem Market Report
$392,737
AVERAGE PRICE OF 157 HOMES$227,000
AVERAGE PRICE OF 2 DISTRESSED HOMES$1,248,125
AVERAGE PRICE OF 4 MULTI-MILLION DOLLAR HOMES$434,207
AVERAGE PRICE OF 40 NEWLY BUILT HOMES$420,260
AVERAGE PRICE OF 14 HOMES WITH A POOL$414,550
AVERAGE PRICE OF 8 REDUCED PRICE HOMESAverage Home
| Average Price | $392,737 |
| Avg Bedrooms | 3.55 beds |
| Avg Bathrooms | 2.27 baths |
Average Price by Bedrooms
| 2 bedrooms | $241,150 |
| 3 bedrooms | $327,994 |
| 4 bedrooms | $435,617 |
| 5 bedrooms | $563,660 |
Salem Home Price Trends
| 9/2024 | 8/2024 | 7/2024 | 6/2024 | 5/2024 | |
|---|---|---|---|---|---|
| Total Listings | 156 | 135 | 144 | 144 | 157 |
| Average Price | $409,298 | $423,811 | $389,448 | $396,828 | $394,956 |
| Avg Price Change | -3.55% | +8.82% | -1.89% | +0.47% | +2.42% |
| Median Price | $384,669 | $397,956 | $385,330 | $383,191 | $383,165 |
| Med Price Change | -3.45% | +3.28% | +0.56% | +0.01% | +0.98% |
| Avg Bedrooms | 3.55 beds | 3.6 beds | 3.47 beds | 3.45 beds | 3.5 beds |
| Avg Bathrooms | 2.35 baths | 2.41 baths | 2.26 baths | 2.24 baths | 2.3 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Salem High | 86 | $365,051 | 98 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 157 | $392,737 | 88 days |
| Distressed Homes | 2 | $227,000 | 74 days |
| Multi-Million Dollar Homes | 4 | $1,248,125 | 162 days |
| Newly Built Homes | 40 | $434,207 | 174 days |
| Homes with a Pool | 14 | $420,260 | 83 days |
| Reduced Price Homes | 8 | $414,550 | 84 days |
