Salem, NJ Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Salem, NJ is $145,500, down 0.3% year-over-year. Homes sell in an average of 75 days with 40 active listings. The market is currently a leaning buyer's.
$145,500median sale price
Is Salem a buyer's or seller's market?
Salem, NJ is currently a leaning buyer's, based on 5.0 months of supply and homes selling in about 75 days. How we determine this →
Homes sold
8
Last 12 weeks
Days on market
75
Average pace
Active listings
40
5.0 months supply
Sale-to-list
98.5%
Below asking
Salem, NJ market data
| Metric | Value |
|---|---|
| Median sale price | $145,500 |
| Median list price | $189,000 |
| Year-over-year price change | -0.3% |
| Average days on market | 75 days |
| Active inventory | 40 listings |
| Months of supply | 5.0 months |
| Sale-to-list price ratio | 98.5% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated weekly
The Salem housing market is currently classified as a leaning buyer's with a median sale price of $145,500. Prices have fallen 0.3% compared to last year, with homes spending an average of 75 days on market, indicating 5.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Salem
There are currently 40 homes listed for sale in Salem, New Jersey. The median listing price is $189K.
Active listings
40
Homes on market
Median list price
$189K
Avg. days on market
75
Days until sale
New this week
11
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 $145,500, down 0.3% from last year.
How long do homes stay on market in Salem?
Homes typically spend 75 days on market before going under contract.
Is Salem a buyer's or seller's market?
With 5.0 months of supply, Salem is currently a leaning buyer's.
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