The median sale price of a home in Downtown Salem was $176K last month, down 49.4% since last year. The median sale price per square foot in Downtown Salem is $180, up 41.7% since last year.
What is the housing market like in Downtown Salem today?
In March 2024, Downtown Salem home prices were down 49.4% compared to last year, selling for a median price of $176K.
$176K
Sale Price
-49.4% since last year
$180
Sale $/Sq. Ft.
+41.7% since last year
Over List Price
0.6%
Days on Market
8
Down Payment
—
Total Homes Sold
1
To compare other locations to the Downtown 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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Home offer insights for Downtown Salem
Explore recent offers and recently sold homes in Downtown Salem
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Climate's impact on Downtown Salem housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Salem.
Risk Factor
Flood Factor - Minor
36% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Salem has a minor risk of flooding. 43 properties in Downtown Salem are likely to be
severely affected
by flooding over the next 30 years. This represents 36% of all properties in Downtown Salem. Flood risk is increasing slower than the national average.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Downtown Salem has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Downtown Salem is most at risk from hurricanes. 202 properties in Downtown 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 46 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 54 mph.