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Salem Real Estate Overview

Today, November 23, 2009

Avg. Listing Price $289,474 Wk ending Nov 18

-$812
-0.3%
w-o-w

Median Sales Price $180,000 Aug '09 - Oct '09

-$15,700
-8.0%
y-o-y

2,005	Homes For Sale	1	Open Homes
1,300	Recently Sold	520	Foreclosures

Average Listing Price

$289,474

-0.3%

w-o-w

Median Sales Price

$180,000

-8%

y-o-y

Average price/sqft

$120

-7.7%

y-o-y

Number of Sales

536

+12.1%

y-o-y

More Salem Market Trends

Select chart to embed:

Most popular
neighborhoods

Avg. listing price
Week ending Nov 18

w-o-w

West Salem

$280,817

+0.6%

South Gateway

$247,179

-0.9%

Northeast Neighbors

$157,956

-1.8%

South Salem

$308,904

-1.2%

South Central

$272,056

+3.2%

Movers & Shakers

Avg. listing price
Week ending Nov 18

w-o-w

Highland

$160,891

+7.3%

Southeast Salem

$130,350

-6.8%

North Lancaster

$153,636

-4.2%

Grant

$153,538

-3.9%

South Central

$272,056

+3.2%

View Salem Home Prices Map

Average price per square foot for Salem OR was $120, a decrease of 7.7% compared to the same period last year. The median sales price for homes in Salem OR for Aug 09 to Oct 09 was $180,000 based on 536 home sales. Compared to the same period one year ago, the median home sales price decreased 8%, or $15,700, and the number of home sales increased 12.1%.

There are currently 2,005 resale and new homes in Salem on Trulia, including 1 open house, as well as 520 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Salem OR was $289,474 for the week ending Nov 18, which represents a decrease of 0.3%, or $812, compared to the prior week. Popular neighborhoods in Salem include West Salem and South Gateway, with average listing prices of $280,817 and $247,179.

DISTRICT

TYPE

GRADES

SCHOOLS

STUDENTS

Gervais School District 1

Public

K - 12

1,060

Salem Keizer School District 24j

Public

K - 12

38,939

SCHOOL NAME

SCHOOL TYPE

GRADES

PARENT RATING

Sumpter Elementary School

Public

K - 5

Harritt Elementary School

Public

K - 5

Hazel Green Elementary School

Public

K - 5

Please consult with the school district or a local real estate pro to confirm your eligibility to enroll with a particular district or school.

View all Salem Schools

1283 Karen…

$148,500

3 br 1 ½ ba

5253 Alpha…

$195,500

4 br 2 ba

2009 Woodh…

$239,000

3 br 2 ba

1500 Gabri…

$31,900

3 br 2 ba

1740 20th…

$139,900

3 br 2 ba

1708 Berndt…

$239,000

3 br 2 ba

View all Salem Homes for Sale

Cities

Median
sales price

Average
listing price

Keizer

$185,000

$239,908

Aumsville

$184,176

$285,995

Turner

$188,550

$310,423

Sublimity

$235,000

$333,624

Rickreall

$324,000

$740,500

Independence

$168,350

$248,856

Local Spotlight

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Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.

Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources. The Median Sales Price is the price at which one-half of the homes sold for more than that amount and one-half of the homes sold for less than that amount.

Homes for Sale includes resale and new homes on Trulia.

Recently Sold is a count of all known arms-length residential sales in the last 9 months according to public records.

Open Homes refers to listings on Trulia with scheduled open house times.

Foreclosures includes properties in the pre-foreclosure, auction, and bank-owned stages of the foreclosure process.

Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.

Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. All sales figures are compared to the same period one year prior.

About this Info Most Popular Neighborhoods are calculated each week based on search behavior on the Trulia website. Movers 'n Shakers are selected based on the week-over-week percentage change in Average Listing Price. Close

Most Popular Neighborhoods are calculated each week based on search behavior on the Trulia website.

Movers 'n Shakers are selected based on the week-over-week percentage change in Average Listing Price.

These reviews include feedback from parents, students, former students, administrators and other staff. This feedback may help you further evaluate and compare schools, along with other information such as test scores, academic programs, school resources, classroom and teacher ratios, etc. The reviews are provided by GreatSchools.

Ask a question about this school on Trulia Voices to learn more about this school or district from residents and other local experts.

Crime statistics for 2006 (most recent year available) are reported by the Federal Bureau of Investigation in the Uniform Crime Report.

Salem Real Estate Overview

Market View for Salem

Market Trends for Salem

Home Prices for Salem

Salem Summary

Schools in Salem

Community Info for Salem

Homes for Sale in Salem

Recent Q&A in Salem, OR

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About this Info Crime statistics for 2006 (most recent year available) are reported by the Federal Bureau of Investigation in the Uniform Crime Report. Close