The prices in real estate in Salem, in the Oregon region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Salem has remained the same in the last 6 months. In July, the average price per sq.feet was $187. In the following month the price per sq.feet decreased to $177. In the following two months the price per sq.feet has barely changed, going from $182 to $181 per sq.feet. 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 $181.5 to $175.5 during November y December
Based upon to the price in Salem (cities), these have remained the same in the last 6 months. The average price for July is $350,533. During August the price had a slight fall till $317,620. During the following two months (September, October) the price has had an average incrementation from $334,076.5 to $362,064.5. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $384,773 they are 62 % more affordable than the average price for Salem. The properties with the highest average price have 4 bedrooms, Their price is 8 % more costly than the average. After that we have properties with 3 bedrooms priced at $326,257.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $162 / sq.feet, with an average $175 / sq.feet price in Salem. The properties with the highest average prices have 1 bedroom. They are 15 % more expensive than the average followed by properties with 3 bedrooms with a price at $182 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $384,773 it is 49 % cheaper than the average price in Salem. "House" is seen as the second most affordable property type. The cheapest type property is "Farm" followed by "Commercial". At a price of $343,045 it is 7 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $152 / sq.feet followed by "Condo" priced at $156 / sq.feet. "Farm" is the cheapest type of property with a $165 / sq.feet value followed by "House" with an average price of $161 / sq.feet.