A Marion County home
I previously discussed the real estate markets for Salem and Keizer, but the smaller towns outside of Salem had good years in 2020 as well. The Stayton market was the slowest of the group, and it was still selling well. Aumsville had an incredibly hot market and was the only city in the Salem metro area that ended the year with 0 months of inventory. Meaning that as soon as a home hit the market it was under contract. Flowers Meadows in Aumsville was about one-third of the sales this year in that city. Following is the data for the Marion County real estate market review for 2020.
The Silverton real estate market
Summary:
211 home sales
28.7% increase over 2019
Median List Price: $389,900
Median Sold Price: $389,000
Homes sold for 8.1% increase over 2019
Inventory peaked at 4.8 months in April and dropped to 0.4 months in Dec
The Stayton real estate market
112 sales
5% decrease over 2019
Median List Price: $324,900
Median Sold Price: $323,950
Homes sold for 99.7% of the list price
4.5% increase in price over 2019
Inventory peaked with 3.0 months in February and then dropped to 0.4 months in Dec
The Turner real estate market
121 sales
39% increase over 2019
Almost half of these were new builds in Crawford Crossing
Median List Price: $426,450
Median Sold Price: $429,900
Homes sold for 100.8% of the list price
8.8% increase over 2019
Inventory high of 2.7 months in January down to .3 months in Dec
The Aumsville real estate market
102 home sales
24.3% increase over 2019
Median List Price: $359,900
Median Sold Price: $364,450
Homes sold for 101.26% list vs sold price
9% increase in price over 2019
Inventory high of 4 months in Jan and at 0 in December
You can also read the Salem 2020 year in review and the Keizer 2020 year in review. The data in this blog was generated using data from the WVMLS.