The Salem housing market is somewhat competitive. Homes in Salem receive 2 offers on average and sell in around 11 days. The median sale price of a home in Salem was $675K last month, up 35.0% since last year. The median sale price per square foot in Salem is $317, up 25.3% since last year.
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How hot is the Salem housing market?
Salem is somewhat competitive. Homes sell in 11 days.
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100
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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 3 months
Some homes get multiple offers.
The average homes sell for about 1% above list price and go pending in around 11 days.
Hot homes
can sell for about 3% above list price and go pending in around 5 days.
Home offer insights for Salem
Explore recent offers and recently sold homes in Salem
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.
Risk Factor
Flood Factor - Minor
15% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Salem has a minor risk of flooding. 781 properties in Salem are likely to be
severely affected
by flooding over the next 30 years. This represents 15% of all properties in Salem. Flood risk is increasing slower than the national average.
44% of properties are at risk of wildfire over the next 30 years
Fire Factor
Salem has a moderate risk of wildfire. There are 4,610 properties in Salem that have some risk of being affected by wildfire over the next 30 years. This represents 44% of all properties in Salem.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Salem has a Major 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. 10,268 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 87 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 99 mph.