Salem, SD Housing Market

Homes for sale

The Salem housing market is somewhat competitive. The median sale price of a home in Salem was $199K last month, up 30.2% since last year. The median sale price per square foot in Salem is $165, up 64.2% since last year.

Trends
Demand
Migration
Schools
Climate

Salem Housing Market Trends

What is the housing market like in Salem today?

In January 2025, Salem home prices were up 30.2% compared to last year, selling for a median price of $199K.

$199K

Sale Price

+30.2%
since last year

$165

Sale $/Sq. Ft.

+64.2%
since last year

Under List Price

3.5%

Days on Market

Down Payment

—

Total Homes Sold

To compare other locations to the Salem and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Salem add value to a home.

How hot is the Salem housing market?

Salem is somewhat competitive. Homes sell in 48 days.

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 4% below list price and go pending in around 48 days.
Hot homes
can sell for about 2% above list price and go pending in around 36 days.

Salem Migration & Relocation Trends

No data on migration and relocation available in this area right now

Learn about migration trends in nearby cities

View houses in Salem that sold recently

Recently sold homes

SOLD MAR 6, 2025
$169,900 Last Sold Price
3 beds
1 bath
1,143 sq ft
230 W Washington Ave, Salem, SD 51058
List Price
$169,900
Sale to List
0% over list
Days on Market
38 days
230 W Washington Ave, Salem, SD 51058
SOLD MAR 3, 2025
$146,000 Last Sold Price
2 beds
1 bath
900 sq ft
440 W Vermont Ave, Salem, SD 57058
List Price
$150,000
Sale to List
3% under list
Days on Market
103 days
440 W Vermont Ave, Salem, SD 57058
SOLD JAN 2, 2025
$198,500 Last Sold Price
3 beds
2 baths
1,200 sq ft
101 S Hill St, Salem, SD 57058
List Price
$220,000
Sale to List
10% under list
Days on Market
77 days
101 S Hill St, Salem, SD 57058
SOLD NOV 29, 2024
$72,000 Last Sold Price
1 bed
1 bath
616 sq ft
311 W Vermont Ave, Salem, SD 57058
List Price
$72,000
Sale to List
0% over list
Days on Market
81 days
311 W Vermont Ave, Salem, SD 57058
SOLD NOV 25, 2024
$200,000 Last Sold Price
2 beds
2 baths
2,160 sq ft
531 N Peck St, Salem, SD 57058
List Price
$230,000
Sale to List
13% under list
Days on Market
33 days
531 N Peck St, Salem, SD 57058
SOLD SEP 30, 2024
$80,000 Last Sold Price
2 beds
1 bath
1,063 sq ft
420 W Essex Ave, Salem, SD 57058
List Price
$96,900
Sale to List
17% under list
Days on Market
146 days
420 W Essex Ave, Salem, SD 57058
SOLD SEP 19, 2024
$375,000 Last Sold Price
5 beds
2 baths
2,217 sq ft
441 E Drake Ave, Salem, SD 57058
List Price
$374,900
Sale to List
0% over list
Days on Market
120 days
441 E Drake Ave, Salem, SD 57058
SOLD SEP 16, 2024
$299,000 Last Sold Price
1 bed
2.5 baths
2,068 sq ft
500 N Idaho St, Salem, SD 57058
List Price
$310,000
Sale to List
4% under list
Days on Market
56 days
500 N Idaho St, Salem, SD 57058
See all recently sold homes in Salem.
See listings

Schools in Salem

Learn about schools in the Salem area

Elementary
Middle
High

GreatSchools Rating

5/10 McCook Central Middle School - 03 Public • 5-8	104 Students	N/A
3/10 McCook Central Elementary - 02 Public • PreK-4	173 Students	N/A

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on Salem housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Salem.

Wind Factor - Minor

100% of properties are at minor risk of a severe wind event over the next 30 years

Heat Factor - Minor

100% of properties are at minor risk of heat over the next 30 years

Provided by First Street Foundation

More real estate resources for Salem

New Listings in Salem

Zip Code Housing Markets

57058 Housing Market

Nearby City Housing Markets

Zip Code Listings

57058 Real Estate

Nearby City Listings

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