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.

$428,889.33
Average price last 6 months
$238.17
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 March, the average price per sq.feet was $221. In April this price pretty much remained the same at a value of $222 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $221.5 to $224 per sq.feet. The price per sq.feet has had a considerable increase of 121 % 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 $222.75 to $269 during July, and August.

Average price

Based upon to the price in Salem (cities), this has gone up considerably in the last 6 months. In our first sample month during March, the average price is $376,093. In April This price remains at $377,151. During the following two months (May, June) the price has had an average incrementation from $376,622 to $406,468. Based on an analysis of the first four prices and the last two months the average price has risen strongly 129 % during the last two months.

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 $570,249 they are 58 % more affordable than the average price for Salem. The properties with the lowest average price have 4 bedrooms, Their price is 10 % cheaper than the average. After that we have properties with 3 bedrooms priced at $362,629.

With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $201 / sq.feet, with an average $307 / sq.feet price in Salem. The properties with the highest average prices have 1 bedroom. They are 36 % more expensive than the average followed by properties with 3 bedrooms with a price at $212 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $570,249 it is 53 % cheaper than the average price in Salem. "Condo" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Farm". At a price of $350,499 it is 7 % 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 $145 / sq.feet followed by "Condo" priced at $185 / sq.feet. "Apartment" is the cheapest type of property with a $236 / sq.feet value followed by "House" with an average price of $206 / sq.feet.

Charts data
Average price August
Average price per sq.feet August
Number of properties used in Salem
Number of properties used in region Oregon
$570,249
$307
3,922
66,034
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value