New Salem, ND
Housing market overview · Updated weekly
$92,450median sale price
Homes sold
2
Last 12 weeks
Days on market
126
Average pace
Active listings
3
1.5 months supply
Sale-to-list
—
Below asking
The New Salem housing market is currently classified as a seller's market with a median sale price of $92,450. Prices have fallen 35.1% compared to last year, with homes spending an average of 126 days on market, indicating 1.5 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
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Frequently asked questions
What is the average home price in New Salem?
The median home sale price in New Salem is $92,450, down 35.1% from last year.
How long do homes stay on market in New Salem?
Homes typically spend 126 days on market before going under contract.
Is New Salem a buyer's or seller's market?
With 1.5 months of supply, New Salem is currently a seller's market.
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