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.

$520,768.83
Average price last 6 months
$290.33
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 September, the average price per sq.feet was $405. In the following month the price per sq.feet decreased considerably to $225. The price for the following two months in (November, December) decreased 90 % with regard to the prior two months. The price per sq.feet has decreased 92 % 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 $298.75 to $273.5 during January, and February.

Average price

Based upon to the price in Salem (cities), this has gone downing the last 6 months. In our first sample month during September, the average price is $554,993. In October This price remains at $565,370. During the following two months (November, December) the average price fell 89 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from $529,864.5 to $502,577.5 in 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 $517,590 they are 48 % 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 $471,413.

With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $185 / sq.feet, with an average $331 / sq.feet price in Salem. The properties with the highest average prices have 4 bedrooms. They are 38 % more expensive than the average followed by properties with 1 bedroom with a price at $274 / 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 $517,590 it is 65 % 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 $499,392 it is 86 % 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 $115 / sq.feet followed by "Condo" priced at $166 / sq.feet. "Land" is the most costly type of property with a $2,240 / sq.feet cost followed by "House" with an average price of $304 / 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
$517,590
$331
9,864
255,430
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
Brand New Home In Salem, Or. 3 Bed, 2 Bath
 30
Brand New Home In Salem, Or. 3 Bed, 2 Bath
$415,500
Salem, Oregon - For Sale - House - 1,590 sq.feet - 3 bedrooms - 3 bathrooms
This new construction, quick delivery home is the charlie plan by lennar, and is located in the community of the fairview at 4017 village center drive se, salem...
Brand New Home In Salem, Or. 3 Bed, 2 Bath
 30
Brand New Home In Salem, Or. 3 Bed, 2 Bath
$411,500
Salem, Oregon - For Sale - House - 1,590 sq.feet - 3 bedrooms - 3 bathrooms
This new construction, quick delivery home is the charlie plan by lennar, and is located in the community of the fairview at 4025 village center drive se, salem...
3 Bed, 2 Bath New Home Plan In Salem, Or
 31
3 Bed, 2 Bath New Home Plan In Salem, Or
$410,500
Salem, Oregon - For Sale - House - 1,590 sq.feet - 3 bedrooms - 3 bathrooms
This to-be-built home is the charlie plan by lennar, and is located in the community of the fairview. This single family plan home is priced from $410,500 and...
3 Bed, 2 Bath New Home Plan In Salem, Or
 39
3 Bed, 2 Bath New Home Plan In Salem, Or
$417,500
Salem, Oregon - For Sale - House - 1,665 sq.feet - 3 bedrooms - 3 bathrooms
This to-be-built home is the whitney plan by lennar, and is located in the community of the fairview. This single family plan home is priced from $417,500 and...
Salem, Marion County, Or House For Sale Property Id: 417935151
 1
Salem, Marion County, Or House For Sale Property Id: 417935151
$350,000
Salem, Oregon - For Sale - House - 1,273 sq.feet - 3 bedrooms - 1 bathroom
Accepted offer with contingencies. Located in a great south salem neighborhood, discover this charming 3-bed, 1-bath home on a spacious lot with a fenced backyard...