Housing Prices in Salem, AL

How much do homes in Salem, AL cost?

Median List Price

$355,000

$225/sqft

Based on all homes listed in October 2024.

Difference Since Last Month

-$69,900(-16.5%)

Key Takeaway

The list price of homes in Salem has decreased by 16.5% since September.

Summary: The median home list price in Salem was $355,000 in October 2024, down 16.5% from the previous month, and the median price per square foot was $225.

Median List Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $424.9K$199.9K
-53.0%
3 $389.9K$389.9K
0.0%
4 --
N/A
5+ --
N/A

Summary: Salem housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 53%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median List Price Compared To Nearby Cities

Beulah
0.0%
Salem
-16.5%

Housing Supply in Salem, AL

How many homes are available in Salem, AL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
330.0%

Summary: The Salem real estate market had 3 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 22
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Salem housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Days on Market for Salem, AL

How long does it take to sell a home in Salem, AL?

Average Listing Age

Sep 2024Oct 2024CHANGE
63 Days35 Days-44.2%

Summary: Homes in Salem had an average listing age of 35 days in Oct 2024, down by 44.2% compared to the previous month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

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Newest Listings in Salem, AL

Nearby Markets to Salem, AL

MLS Disclaimers and Copyright

Based on information from Georgia MLS, and Greater Alabama MLS for the period 09/01/2024 - 11/01/2024

IDX Based on information from the Georgia MLS © 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/15/2024, 9:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of the Greater Alabama Multiple Listing Service, Inc. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the content is not guaranteed accurate by the MLS. There is no express or implied warranty by MLS of the accuracy of information which should be independently verified. The Greater Alabama Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Copyright© 2024 Greater Alabama Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/15/2024, 9:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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