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Featured local agent — Salem, AR
Sarah Mitchell
Compass Real Estate · Salem, AR
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Salem, AR Housing Market & Real Estate
Housing market overview · Updated monthly ·
$246,000median sale price
How is the Salem, AR housing market right now?
The median home sale price in Salem, AR is $246,000, down 5.4% year-over-year. Homes sell in an average of 62 days with 10 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Salem a buyer's or seller's market?
Salem, AR is currently a seller's market, based on 1.7 months of supply and homes selling in about 62 days. How we determine this →
Homes sold
6
Last 12 weeks
Days on market
62
Average pace
Active listings
10
1.7 months supply
Sale-to-list
98.7%
Below asking
What does the Salem housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $246,000 |
| Median list price | $410,000 |
| Year-over-year price change | -5.4% |
| Average days on market | 62 days |
| Active inventory | 10 listings |
| Months of supply | 1.7 months |
| Sale-to-list price ratio | 98.7% |
| Median price per sq ft | $136/sq ft |
| Homes sold (latest month) | 6 |
| New listings (latest month) | 4 |
| Listings with a price cut | 10.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Salem by property type?
How the Salem, AR market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $246,000 | $136/sq ft | 6 | 62 days |
Source: Redfin · Updated monthly
The Salem housing market is currently classified as a seller's market with a median sale price of $246,000. Prices have fallen 5.4% compared to last year, with homes spending an average of 62 days on market, indicating 1.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.0x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Salem
There are currently 10 homes listed for sale in Salem, Arkansas. The median listing price is $410K.
Active listings
10
Homes on market
Median list price
$410K
Avg. days on market
62
Days until sale
New this week
4
Newly listed
Who lives in Salem?
Population
2,727
Median income
$79,692/yr
Median age
53.1 years
Owner-occupied
84.2%
College grads
28.3%
Avg commute
22.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Salem?
Zillow home value
$238,928
Price-to-income
3.0x
Source: Zillow Research
What is it like to live in Salem?
Salem is a community of approximately 3K residents with a median age of 53.1 years.The median household income is $79,692, which reflects a relatively affluent area with strong earning potential. 28.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 84.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 22.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Salem offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Salem?
2 schools tracked · 851 students
The largest public schools serving Salem, AR by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
SALEM ELEMENTARY SCHOOL
Grades K-6 · 435 students
SALEM HIGH SCHOOL
Grades 7-12 · 416 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Salem, AR?
Want a head-to-head view? Compare Salem side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Salem?
The median home sale price in Salem is $246,000, down 5.4% from last year.
How long do homes stay on market in Salem?
Homes typically spend 62 days on market before going under contract.
What is the median income in Salem?
The median household income is $79,692 per year.
Is Salem a buyer's or seller's market?
With 1.7 months of supply, Salem is currently a seller's market.
What is the Zillow home value estimate for Salem?
The Zillow Home Value Index (ZHVI) for Salem is $238,928, representing the typical home value in the area.
How much does a single-family home cost in Salem?
The median single-family home price in Salem, AR is $246,000 (about $136 per square foot).
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