Property prices for sale in Salem (Oregon)

The prices in real estate in Salem, in the Oregon region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.

$505,436.5
Average price last 6 months
$514.5
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Salem has increased strongly during the last 6 months. In January, the average price per sq.feet was $216. In the following month the price per sq.feet increased considerably to $331. The price for the following two months in (March, April) had a considerable increment of 282 %. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $522.5 to $498.5 during May y June

Average price

Based upon to the price in Salem (cities), these have remained the same in the last 6 months. The price in January is $487,565, rising in February till $517,590. In the following two months the average price has remained the same with regard to the previous two months from $502,577.5 to $485,004.5. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % during the last two months.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $536,158 they are 43 % more affordable than the average price for Salem. The properties with the highest average price have 4 bedrooms, Their price is 9 % more costly than the average. After that we have properties with 3 bedrooms priced at $500,589.

With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $243 / sq.feet, with an average $242 / sq.feet price in Salem. The properties with the highest average prices have 2 bedrooms. They are 24 % more expensive than the average followed by properties with 1 bedroom with a price at $282 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $536,158 it is 44 % cheaper than the average price in Salem. "Farm" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $539,410 it is 82 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $111 / sq.feet followed by "House" priced at $236 / sq.feet. "Land" is the most costly type of property with a $88,510 / sq.feet cost followed by "Condo" with an average price of $244 / sq.feet.

Charts data
Average price June
Average price per sq.feet June
Number of properties used in Salem
Number of properties used in region Oregon
$536,158
$242
10,058
288,144
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value