The Salem housing market is not very competitive. The median sale price of a home in Salem was $198K last month, down 25.3% since last year. The median sale price per square foot in Salem is $114, up 56.2% since last year.
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.
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How hot is the Salem housing market?
Salem is not very competitive. Homes sell in 77 days.
0
100
14
Not Very Competitive
Redfin Compete Score™
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
Multiple offers are rare.
The average homes sell for about 4% below list price and go pending in around 77 days.
Hot homes
can sell for around list price and go pending in around 32 days.
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.
Flood Factor - Major
We’re working on getting current and accurate flood risk information
Flood Factor
Salem has a major risk of flooding. properties in Salem are likely to be
severely affected
by flooding over the next 30 years. This represents <1% of all properties in Salem. Flood risk is increasing at the same pace as the national average.
Salem has minimal risk of severe winds over the next 30 years
Wind Factor
Salem has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Salem is most at risk from hurricanes. properties in Salem have some risk of being in a severe wind event within the next 30 years.