Gillott Home Team

Salem, OR

Single-Family Homes

Keller Williams Realty Mid-Willamette



Salem, OR

Sun Jul 05 2020
This week the median list price for Salem, OR is $389,900 with the market action index hovering around 40. This is an increase over last month's market action index of 37. Inventory has held steady at or around 562. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Salem, OR

Sun Jul 05 2020
This week the median list price for Salem, OR is $389,900 with the market action index hovering around 40. This is an increase over last month's market action index of 37. Inventory has held steady at or around 562. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Salem market.
Median List Price $389,900
Per Square Foot $192
Days on Market 95
Price Decreased 25%
Price Increased 7%
Relisted 36%
Inventory 562
Median Rent $1,269
Most Expensive $4,000,000
Least Expensive $37,800
Market Action 40
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
$704,900 3,205 1 - 2.5 acres 4 3 27 6 13 179
$455,000 2,408 6,500 - 8,000 sqft 4 2 13 14 28 98
$355,000 1,903 6,500 - 8,000 sqft 4 2 16 25 48 55
$279,900 1,430 6,500 - 8,000 sqft 3 2 45 29 61 47