Gillott Home Team

Salem, OR

Single-Family Homes

Keller Williams Realty Mid-Willamette



Salem, OR

Wed Dec 11 2019
This week the median list price for Salem, OR is $359,000 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has held steady at or around 973. Click here to stay informed with the Salem market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Salem, OR

Wed Dec 11 2019
This week the median list price for Salem, OR is $359,000 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has held steady at or around 973. Click here to stay informed with the Salem market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Real-Time Market Profile

Never miss important changes in the Salem market.
Median List Price $359,000
Per Square Foot $185
Days on Market 94
Price Decreased 41%
Price Increased 4%
Relisted 32%
Inventory 973
Median Rent $1,600
Most Expensive $12,500,000
Least Expensive $98,000
Market Action 30
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.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$575,000 3,043 0.5 - 1 acre 4 3 24 5 21 137
$399,900 2,300 6,500 - 8,000 sqft 4 3 18 14 16 103
$319,900 1,730 6,500 - 8,000 sqft 3 2 28 17 35 72
$255,000 1,318 4,500 - 6,500 sqft 3 2 63 21 40 63