What the Pros Know

25,600

Population

0.4% YoY

2023

39

Median Age

4.4% YoY

2022

$68,402

Median Household Income

2.9% YoY

2022

13,366

Labor Force

0.5% MoM

0.7% YoY

8/2024

12,885

Employed

0.7% MoM

1% YoY

8/2024

3.6%

Unemployment Rate

5.9% MoM

9.1% YoY

8/2024

$260,000

Median Sale Price

0.2% MoM

5.2% YoY

8/2024

19

Homes Sold

24.0% MoM

32.1% YoY

8/2024

2.0

Months Inventory

41.2% MoM

27.3% YoY

8/2024

6

Days on Market

1 MoM

8 YoY

8/2024

38

Listings

11.8% MoM

13.6% YoY

8/2024

99.7%

Sale Price to List Price

1.1% MoM

1.9% YoY

8/2024

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Cities included in Salem: Salem


 1.  Population Data from U.S. Census Bureau.
 2.  Employment Data from Bureau of Labor and Statistics
 3.  Sales Data provided by Redfin, a national real estate brokerage.

MoM = Month over Month. The percentage change from the previous month to the current month.
YoY = Year over Year. The percentage change from the same period the previous year to the current period.

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