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Featured local agent — Salem, UT
Sarah Mitchell
Compass Real Estate · Salem, UT
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Salem, UT Housing Market & Real Estate
Housing market overview · Updated monthly ·
$617,950median sale price
How is the Salem, UT housing market right now?
The median home sale price in Salem, UT is $617,950, up 46.8% year-over-year. Homes sell in an average of 57 days with 108 active listings. The market is currently a balanced 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, UT is currently a balanced market, based on 3.6 months of supply and homes selling in about 57 days. How we determine this →
Homes sold
30
Last 12 weeks
Days on market
57
Average pace
Active listings
108
3.6 months supply
Sale-to-list
99.3%
Below asking
What does the Salem housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $617,950 |
| Median list price | $559,900 |
| Year-over-year price change | +46.8% |
| Average days on market | 57 days |
| Active inventory | 108 listings |
| Months of supply | 3.6 months |
| Sale-to-list price ratio | 99.3% |
| Median price per sq ft | $195/sq ft |
| Homes sold (latest month) | 30 |
| New listings (latest month) | 49 |
| Listings with a price cut | 18.5% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Salem by property type?
How the Salem, UT market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $759,990 | $193/sq ft | 23 | 64 days |
| Townhouse | $435,990 | $198/sq ft | 7 | 34 days |
Source: Redfin · Updated monthly
The Salem housing market is currently classified as a balanced market with a median sale price of $617,950. Prices have risen 46.8% compared to last year, with homes spending an average of 57 days on market, indicating 3.6 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 5.7x provides context for how home values compare to local earning capacity.
Homes for sale in Salem
There are currently 108 homes listed for sale in Salem, Utah. The median listing price is $560K.
Active listings
108
Homes on market
Median list price
$560K
Avg. days on market
57
Days until sale
New this week
49
Newly listed
Who lives in Salem?
Population
9,893
Median income
$107,617/yr
Median age
28.6 years
Owner-occupied
94.0%
College grads
39.0%
Avg commute
21.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Salem?
Zillow home value
$613,931
Zillow rent index
$2,213/mo
Price-to-rent ratio
23.1x
Price-to-income
5.7x
Source: Zillow Research
What is it like to live in Salem?
Salem is a community of approximately 10K residents with a median age of 28.6 years.The median household income is $107,617, which reflects a relatively affluent area with strong earning potential. 39.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 94.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 21.9 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?
8 schools tracked · 14,528 students
The largest public schools serving Salem, UT 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.
Nebo Online School
Grades K-12 · 8,702 students
Salem Hills High
Grades 9-12 · 1,585 students
Salem Junior High
Grades 7-9 · 953 students
Valley View Middle
Grades 6-7 · 936 students
Mt. Loafer School
Grades PK-6 · 668 students
Foothills School
Grades PK-6 · 642 students
American Preparatory Academy - Salem
Grades K-10 · 555 students
Salem School
Grades PK-6 · 487 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, UT?
Want a head-to-head view? Compare Salem side-by-side with any other U.S. city using our market-comparison tool.
Is Salem a good real estate investment market?
For investors evaluating Salem, the price-to-rent ratio of 23.1x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 46.8% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Salem's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Salem's median home price.
Frequently asked questions
What is the average home price in Salem?
The median home sale price in Salem is $617,950, up 46.8% from last year.
How long do homes stay on market in Salem?
Homes typically spend 57 days on market before going under contract.
What is the median income in Salem?
The median household income is $107,617 per year.
Is Salem a buyer's or seller's market?
With 3.6 months of supply, Salem is currently a balanced market.
What is the Zillow home value estimate for Salem?
The Zillow Home Value Index (ZHVI) for Salem is $613,931, 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, UT is $759,990 (about $193 per square foot).
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