Salem, SD Housing Market
The Salem housing market is somewhat competitive. The median sale price of a home in Salem was $161K last month, up 222.5% since last year.
Salem Housing Market Trends
In August 2025, Salem home prices were up 222.5% compared to last year, selling for a median price of $161K.

How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Salem housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
- Some homes get multiple offers.
- The average homes sell for about 4% below list price and go pending in around 48 days.
- Hot homescan sell for about 2% above list price and go pending in around 36 days.
Salem Migration & Relocation Trends
View houses in Salem that sold recently
Recently sold homes
- $150,000 Last Sold Price2 beds1 bath—sq ft510 N Hill St St, Salem, SD 57058List Price$158,000Sale to List5% under listDays on Market14 days510 N Hill St St, Salem, SD 57058
- $135,000 Last Sold Price3 beds1 bath988 sq ft321 W Washington Ave Ave, Salem, SD 57058List Price$135,000Sale to List0% over listDays on Market153 days321 W Washington Ave Ave, Salem, SD 57058
- $170,000 Last Sold Price3 beds2 baths1,320 sq ft310 W Washington Ave Ave, Salem, SD 57058List Price$180,000Sale to List6% under listDays on Market32 days310 W Washington Ave Ave, Salem, SD 57058
- $92,500 Last Sold Price2 beds1 bath1,075 sq ft130 W Drake Ave Ave, Salem, SD 57058List Price$95,000Sale to List3% under listDays on Market126 days130 W Drake Ave Ave, Salem, SD 57058
- $75,000 Last Sold Price1 bed1 bath616 sq ft311 W Vermont Ave, Salem, SD 57058List Price$77,500Sale to List3% under listDays on Market45 days311 W Vermont Ave, Salem, SD 57058
- $253,500 Last Sold Price3 beds2 baths1,996 sq ft401 S Hill St, Salem, SD 57058List Price$260,000Sale to List3% under listDays on Market74 days401 S Hill St, Salem, SD 57058
- $240,000 Last Sold Price3 beds2 baths1,200 sq ft630 N Nebraska St, Salem, SD 57058List Price$209,000Sale to List15% over listDays on Market120 days630 N Nebraska St, Salem, SD 57058
- $82,500 Last Sold Price3 beds1 bath1,092 sq ft540 E Vermont Ave, Salem, SD 57058List Price$89,000Sale to List7% under listDays on Market35 days540 E Vermont Ave, Salem, SD 57058
See all recently sold homes in Salem.
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Schools in Salem
- Elementary
- Middle
- High
GreatSchools Rating
7/10 Mccook Central Elementary - 02 Public • PreK-4 | 184 Students | N/A |
4/10 Mccook Central Middle School - 03 Public • 5-8 | 96 Students | N/A |
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.
Flood Factor - Minor
Flood Factor

Fire Factor - Moderate
Fire Factor

Wind Factor - Minor
Wind Factor

Heat Factor - Minor
Heat Factor

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