The prices in real estate in Salem, in the Oregon region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Salem has increased during the last 6 months. In March, the average price per sq.feet was $172. In the following month the price per sq.feet increased to $181. In the following two months the price per sq.feet has barely changed, going from $176.5 to $184 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 $180.25 to $182 during July y August
Based upon to the price in Salem (cities), this has gone up in the last 6 months. The price in March is $307,130, rising in April till $323,941. During the following two months (May, June) the average price had a considerable increase of 117 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $342,088.5 and $334,076.5 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $317,620 they are 51 % more affordable than the average price for Salem. The properties with the highest average price have 4 bedrooms, Their price is 27 % more costly than the average. After that we have properties with 3 bedrooms priced at $307,990.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $157 / sq.feet, with an average $177 / sq.feet price in Salem. The properties with the highest average prices have 3 bedrooms. They are 5 % more expensive than the average followed by properties with 4 bedrooms with a price at $167 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $317,620 it is 18 % cheaper than the average price in Salem. "Condo" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "Commercial". At a price of $344,423 it is 13 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $145 / sq.feet followed by "Condo" priced at $152 / sq.feet. "Farm" is the cheapest type of property with a $169 / sq.feet value followed by "Commercial" with an average price of $156 / sq.feet.