Salem, IN
Housing market overview · Updated weekly
$174,500median sale price
Homes sold
4
Last 12 weeks
Days on market
74
Average pace
Active listings
23
5.8 months supply
Sale-to-list
99.2%
Below asking
The Salem housing market is currently classified as a buyer's market with a median sale price of $174,500. Prices have risen 12.6% compared to last year, with homes spending an average of 74 days on market, indicating 5.8 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Salem
There are currently 23 homes listed for sale in Salem, Indiana. The median listing price is $183K.
Active listings
23
Homes on market
Median list price
$183K
Avg. days on market
74
Days until sale
New this week
8
Newly listed
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Frequently asked questions
What is the average home price in Salem?
The median home sale price in Salem is $174,500, up 12.6% from last year.
How long do homes stay on market in Salem?
Homes typically spend 74 days on market before going under contract.
Is Salem a buyer's or seller's market?
With 5.8 months of supply, Salem is currently a buyer's market.
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