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Salem Real Estate Overview

Today, November 25, 2009

Market View for Salem

Info
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
1,867Homes For Sale 2Open Homes
1,313Recently Sold 504Foreclosures

Market Trends for Salem

Embed Info
Listing price – Salem
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
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Home Prices for Salem

Info
google map tile
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
 

Salem Summary

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 1,867 resale and new homes in Salem on Trulia, including 2 open houses, as well as 504 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.

 

Community Info for Salem

Info
More Salem Community Info

Homes for Sale in Salem

5455 Skyline Road South, Salem OR
5455 Skyli…
$289,500
3 br  2 ba
2857 Islander Avenue NW, Salem OR
2857 Islan…
$350,000
3 br  2 ½ ba
1939 Barnes Avenue SE, Salem OR
1939 Barnes…
$229,900
3 br  2 ba
1500 Gabriela Street Northeast #26, Salem OR
1500 Gabri…
$31,900
3 br  2 ba
4729 Mall Court Northeast, Salem OR
4729 Mall…
$139,000
3 br  1 ba
5744 36th Avenue SE, Salem OR
5744 36th…
$650,000
3 br  2 ba
View all Salem Homes for Sale
 
Stats & Trends
Salem

Real Estate Overview

Market Trends

Home Prices Map

Community Info

Neighborhoods

West Salem

South Gateway

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  • East Lancaster
  • Faye Wright
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  • Grant
  • Hayesville
  • Highland
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  • Morningside
  • North Lancaster
  • Northeast Neighbors
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  • Northgate
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Nearby Cities

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
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About this Info
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.
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About this Info
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.
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.
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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.
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