Property prices for sale in Salem (Oregon)

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.

$425,661.17
Average price last 6 months
$205.5
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Salem has increased during the last 6 months. In November, the average price per sq.feet was $183. In the following month the price per sq.feet increased to $197. In the following two months the price per sq.feet has increased 108 %, going from $190 to $205 per sq.feet. The price per sq.feet has increased 112 % 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 $197.5 to $221.5 during March, and April.

Average price

Based upon to the price in Salem (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $369,091. During December the price went through a considerable rise reaching $476,701. During the following two months (January, February) the price has had an average incrementation from $422,896 to $477,465.5. During the last two months the average price has had a strong fall compared to the previous four going from $450,180.75 to $376,622, which means a 84 % fall.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $377,151 they are 39 % more affordable than the average price for Salem. The properties with the highest average price have 1 bedroom, Their price is 767 % more costly than the average. After that we have properties with 4 bedrooms priced at $469,582.

With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $210 / sq.feet, with an average $222 / sq.feet price in Salem. The properties with the highest average prices have 1 bedroom. They are 3576 % more expensive than the average followed by properties with 3 bedrooms with a price at $232 / 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 $377,151 it is 21 % cheaper than the average price in Salem. "Farm" is seen as the second most affordable property type. The dearest property type is "House" followed by "Farm". At a price of $351,906 it is 58 % 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 $149 / sq.feet followed by "Condo" priced at $177 / sq.feet. "House" is the most costly type of property with a $250 / sq.feet cost followed by "Condo" with an average price of $177 / sq.feet.

Charts data
Average price April
Average price per sq.feet April
Number of properties used in Salem
Number of properties used in region Oregon
$377,151
$222
3,668
69,476
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value