Single-Family Homes
Tue Oct 15 2024
This week the median list price for Salem, OR is $529,900 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has decreased to 577.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Median List Price | $529,900 | |
Median Price of New Listings | $455,000 | |
Per Square Foot | $273 | |
Average Days on Market | 89 | |
Median Days on Market | 56 | |
Price Decreased | 46% | |
Price Increased | 3% | |
Relisted | 18% | |
Inventory | 577 | |
Median Rent | ||
Market Action | 38 | |
Slight Seller's Advantage |
The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$839,500 | 2,951 | 0.5 - 1 acre | 4 | 3 | 30 | 17 | 8 | 84 |
$599,000 | 2,311 | 6,500 - 8,000 sqft | 4 | 2.5 | 21 | 8 | 13 | 70 |
$479,950 | 1,810 | 6,500 - 8,000 sqft | 3 | 2 | 28 | 19 | 27 | 49 |
$379,000 | 1,280 | 4,500 - 6,500 sqft | 3 | 2 | 60 | 30 | 34 | 28 |