Property prices for sale in Salem (Oregon)

The prices in real estate in Salem, in the Oregon region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city

$463,331.5
Average price last 6 months
$240.83
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Salem has fallen in the last 6 months. In September, the average price per sq.feet was $262. In the following month the price per sq.feet decreased to $244. The price for the following two months in (November, December) decreased 92 % with regard to the prior two months. 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 $242.75 to $237 during January y February

Average price

Based upon to the price in Salem (cities), these have remained the same in the last 6 months. In our first sample month during September, the average price is $479,435. In October This price remains at $483,028. During the following two months (November, December) the average price fell 92 % 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 $461,852.75 and $466,289 between January and February.

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 $474,137 they are 48 % more affordable than the average price for Salem. The properties with the highest average price have 4 bedrooms, Their price is 18 % more costly than the average. After that we have properties with 3 bedrooms priced at $427,705.

With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $243 / sq.feet, with an average $243 / sq.feet price in Salem. The properties with the highest average prices have 1 bedroom. They are 48 % more expensive than the average followed by properties with 2 bedrooms with a price at $257 / 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 $474,137 it is 60 % cheaper than the average price in Salem. "Land" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Farm". At a price of $344,234 it is 1 % more affordable than the average price.

According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $127 / sq.feet followed by "House" priced at $238 / sq.feet. "Condo" is the most costly type of property with a $965 / sq.feet cost followed by "Land" with an average price of $344 / sq.feet.

Charts data
Average price February
Average price per sq.feet February
Number of properties used in Salem
Number of properties used in region Oregon
$474,137
$243
8,142
241,340
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value