Property prices for sale in Salem (Oregon)

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

$391,924.67
Average price last 6 months
$689.33
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Salem has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $850. In the following month the price per sq.feet increased to $971. The price for the following two months in (June, July) had a considerable decrease of 33 with regard to the prior two months. The price per sq.feet has had a considerable increase of 142 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $605.25 to $857.5 during August, and September.

Average price

Based upon to the price in Salem (cities), this has gone up in the last 6 months. In our first sample month during April, the average price is $361,180. In May This price remains at $377,724. In the following two months the average price has remained the same with regard to the previous two months from $369,452 to $385,770. Based on an analysis of the first four prices and the last two months the average price has gone up 111 % 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 $429,064 they are 50 % more affordable than the average price for Salem. The properties with the highest average price have 4 bedrooms, Their price is 14 % more costly than the average. After that we have properties with 3 bedrooms priced at $362,807.

With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $198 / sq.feet, with an average $645 / sq.feet price in Salem. The properties with the highest average prices have 4 bedrooms. They are 127 % more expensive than the average followed by properties with 2 bedrooms with a price at $388 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $429,064 it is 43 % cheaper than the average price in Salem. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Farm". At a price of $354,383 it is 6 % 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 $156 / sq.feet followed by "Condo" priced at $181 / sq.feet. "Land" is the most costly type of property with a $922 / sq.feet cost followed by "House" with an average price of $834 / sq.feet.

Charts data
Average price September
Average price per sq.feet September
Number of properties used in Salem
Number of properties used in region Oregon
$429,064
$645
7,850
111,246
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
Acero West Salem 1 Bedroom Apartment For Rent At 1948 Linwood St Nw, Salem, Or 97304 West ...
 20
Acero West Salem 1 Bedroom Apartment For Rent At 1948 Linwood St Nw, Salem, Or 97304 West ...
$1,295
Salem, Oregon - For Rent - Apartment - 701 sq.feet - 1 bedroom - 1 bathroom
Welcome to your brand-new upscale home, acero west salem. With unbeatable... For you. At acero west salem, we give you the modern amenities and the service...
Acero West Salem 2 Bedroom Apartment For Rent At 1948 Linwood St Nw, Salem, Or 97304 West ...
 20
Acero West Salem 2 Bedroom Apartment For Rent At 1948 Linwood St Nw, Salem, Or 97304 West ...
$1,515
Salem, Oregon - For Rent - Apartment - 1,059 sq.feet - 2 bedrooms - 2 bathrooms
Welcome to your brand-new upscale home, acero west salem. With unbeatable... For you. At acero west salem, we give you the modern amenities and the service...
Acero West Salem 2 Bedroom Apartment For Rent At 1948 Linwood St Nw, Salem, Or 97304 West ...
 20
Acero West Salem 2 Bedroom Apartment For Rent At 1948 Linwood St Nw, Salem, Or 97304 West ...
$1,485
Salem, Oregon - For Rent - Apartment - 1,059 sq.feet - 2 bedrooms - 2 bathrooms
Welcome to your brand-new upscale home, acero west salem. With unbeatable... For you. At acero west salem, we give you the modern amenities and the service...
Acero West Salem 2 Bedroom Apartment For Rent At 1948 Linwood St Nw, Salem, Or 97304 West ...
 20
Acero West Salem 2 Bedroom Apartment For Rent At 1948 Linwood St Nw, Salem, Or 97304 West ...
$1,400
Salem, Oregon - For Rent - Apartment - 987 sq.feet - 2 bedrooms - 1 bathroom
Welcome to your brand-new upscale home, acero west salem. With unbeatable... For you. At acero west salem, we give you the modern amenities and the service...
Newcastle Place 2 Bedroom Apartment For Rent At 4470 Conser Way Ne, Salem, Or 97305
 20
Newcastle Place 2 Bedroom Apartment For Rent At 4470 Conser Way Ne, Salem, Or 97305
$1,195
Salem, Oregon - For Rent - Apartment - 925 sq.feet - 2 bedrooms - 2 bathrooms
2 bedroom 2 bath, near chemeketa - call for information. Newcastle place apartments is modern living at its best. Built to today’s stringent building and...