Salem, UT Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Salem, UT is $597,495, down 0.4% year-over-year. Homes sell in an average of 49 days with 99 active listings. The market is currently a balanced market.
$597,495median sale price
Is Salem a buyer's or seller's market?
Salem, UT is currently a balanced market, based on 4.0 months of supply and homes selling in about 49 days. How we determine this →
Homes sold
25
Last 12 weeks
Days on market
49
Average pace
Active listings
99
4.0 months supply
Sale-to-list
98.8%
Below asking
Salem, UT market data
| Metric | Value |
|---|---|
| Median sale price | $597,495 |
| Median list price | $589,990 |
| Year-over-year price change | -0.4% |
| Average days on market | 49 days |
| Active inventory | 99 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 98.8% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
The Salem housing market is currently classified as a balanced market with a median sale price of $597,495. Prices have fallen 0.4% compared to last year, with homes spending an average of 49 days on market, indicating 4.0 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 99 homes listed for sale in Salem, Utah. The median listing price is $590K.
Active listings
99
Homes on market
Median list price
$590K
Avg. days on market
49
Days until sale
New this week
39
Newly listed
Top public schools in 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.
Explore nearby cities in UT
Frequently asked questions
What is the average home price in Salem?
The median home sale price in Salem is $597,495, down 0.4% from last year.
How long do homes stay on market in Salem?
Homes typically spend 49 days on market before going under contract.
Is Salem a buyer's or seller's market?
With 4.0 months of supply, Salem is currently a balanced market.
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