The Salem housing market is somewhat competitive. The median sale price of a home in Salem was $465K last month, up 69.1% since last year. The median sale price per square foot in Salem is $187, up 8.7% since last year.
In October 2024, Salem home prices were up 69.1% compared to last year, selling for a median price of $465K.
$265K
Sale Price
+16.2% since last year
$187
Sale $/Sq. Ft.
+8.7% since last year
Under List Price
1.9%
Days on Market
46
Down Payment
—
Total Homes Sold
3
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 somewhat competitive. Homes sell in 46 days.
0
100
58
Somewhat 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
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 46 days.
Hot homes
can sell for about 2% above list price and go pending in around 29 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
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 - Moderate
9% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Salem has a moderate risk of flooding. 101 properties in Salem are likely to be
severely affected
by flooding over the next 30 years. This represents 9% of all properties in Salem. Flood risk is increasing slower than the national average.
100% of properties are at risk of wildfire over the next 30 years
Fire Factor
Salem has a moderate risk of wildfire. There are 1,341 properties in Salem that have some risk of being affected by wildfire over the next 30 years. This represents 100% of all properties in Salem.
100% of properties are at minor
risk of a severe wind event 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. 1,341 properties in Salem have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 47 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 54 mph.