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Featured local agent — New Salem, ND
Sarah Mitchell
Compass Real Estate · New Salem, ND
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New Salem, ND Housing Market & Real Estate
Housing market overview · Updated monthly ·
$250,000median sale price
How is the New Salem, ND housing market right now?
The median home sale price in New Salem, ND is $250,000, up 174.0% year-over-year. Homes sell in an average of 1 days with 3 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 New Salem a buyer's or seller's market?
New Salem, ND is currently a seller's market, based on 3.0 months of supply and homes selling in about 1 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
1
Fast-moving
Active listings
3
3.0 months supply
Sale-to-list
—
Below asking
What does the New Salem housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $250,000 |
| Median list price | $182,950 |
| Year-over-year price change | +174.0% |
| Average days on market | 1 days |
| Active inventory | 3 listings |
| Months of supply | 3.0 months |
| Median price per sq ft | $120/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 2 |
| Listings with a price cut | 33.3% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in New Salem by property type?
How the New Salem, ND market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $250,000 | $120/sq ft | 1 | 1 days |
Source: Redfin · Updated monthly
The New Salem housing market is currently classified as a seller's market with a median sale price of $250,000. Prices have risen 174.0% compared to last year, with homes spending an average of 1 days on market, indicating 3.0 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 3.4x provides context for how home values compare to local earning capacity.
Homes for sale in New Salem
There are currently 3 homes listed for sale in New Salem, North Dakota. The median listing price is $183K.
Active listings
3
Homes on market
Median list price
$183K
Avg. days on market
1
Days until sale
New this week
2
Newly listed
Who lives in New Salem?
Population
904
Median income
$69,750/yr
Median age
38.4 years
Owner-occupied
74.8%
College grads
18.3%
Avg commute
25.6 min
Source: U.S. Census Bureau ACS
What are homes worth in New Salem?
Zillow home value
$236,561
Price-to-income
3.4x
Source: Zillow Research
What is it like to live in New Salem?
New Salem is a community of approximately 1K residents with a median age of 38.4 years.The median household income is $69,750, which represents a working-class community with solid middle-income opportunities. 18.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 74.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 25.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, New Salem offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve New Salem?
2 schools tracked · 379 students
The largest public schools serving New Salem, ND 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.
PRAIRIE VIEW ELEMENTARY SCHOOL
Grades PK-6 · 215 students
NEW SALEM-ALMONT HIGH SCHOOL
Grades 7-12 · 164 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 New Salem, ND?
Want a head-to-head view? Compare New 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 New Salem?
The median home sale price in New Salem is $250,000, up 174.0% from last year.
How long do homes stay on market in New Salem?
Homes typically spend 1 days on market before going under contract.
What is the median income in New Salem?
The median household income is $69,750 per year.
Is New Salem a buyer's or seller's market?
With 3.0 months of supply, New Salem is currently a seller's market.
What is the Zillow home value estimate for New Salem?
The Zillow Home Value Index (ZHVI) for New Salem is $236,561, representing the typical home value in the area.
How much does a single-family home cost in New Salem?
The median single-family home price in New Salem, ND is $250,000 (about $120 per square foot).
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