Central Area Market Trends


Summary for Central Area


The median sales price for homes in Central Area for Jan 15 to Apr 15 was $163,600. This represents an increase of 36.3%, or $43,600, compared to the prior quarter and a decrease of 56.8% compared to the prior year. Sales prices have appreciated 9.1% over the last 5 years in Central Area, Salem. The median sales price of $163,600 for Central Area is 12.98% lower than the median sales price for Salem OR. Average listing price for homes on Trulia in Central Area was $194,737 for the week ending Apr 22, which represents a decline of 0%, or $0 compared to the prior week and a decline of 0%, or $0, compared to the week ending Apr 01. Average price per square foot for homes in Central Area was $152 in the most recent quarter, which is 22.58% higher than the average price per square foot for homes in Salem.

Popular Neighborhoods in Salem


Neighborhoods Week ending
Apr 22
w-o-w Week ending
Apr 15
Week ending
Apr 8
West Salem 1 1 1
South Gateway 2 2 2
Hayesville 3 +2 5 4
South Salem 4 -1 3 3
Northeast Neighbors 5 +5 10 10
Four Corners 6 +5 11 5
Homes for Sale in Central Area
View all Central Area Homes for Sale