Housing Prices in Salem, MO

How much do homes in Salem, MO cost?

Median List Price

$162,750

$112/sqft

Based on all homes listed in the last 12 months.

Difference Since October 2023

+$22,850(+16.3%)

Key Takeaway

The list price of homes in Salem has increased by 16.3% since last year.

Summary: The median home list price in Salem was $162,750 in October 2024, up 16.3% from the previous year, and the median price per square foot was $112.

Median List Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $69.9K$78.7K
+12.6%
2 $75K$91.5K
+22.0%
3 $149.9K$172.5K
+15.1%
4 $273.9K$199.9K
-27.0%
5+ $239K$259K
+8.4%

Summary: Salem housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.6%, 2 bedroom homes increased by 22%, 3 bedroom homes increased by 15.1%, 4 bedroom homes decreased by 27%, and 5+ bedroom homes increased by 8.4%.

Median List Price Compared To Nearby Cities

Salem
+16.3%
Spring Creek East Township
+12.0%
Spring Creek West Township
+10.7%

Housing Supply in Salem, MO

How many homes are available in Salem, MO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8681-5.8%

Summary: The Salem real estate market had 81 homes for sale in October 2024, a 5.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 2322
-4.3%
3 4037
-7.5%
4 1512
-20.0%
5+ 79
+28.6%

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 decreased by 4.3%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 28.6%.

Days on Market for Salem, MO

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

Average Listing Age

Oct 2023Oct 2024CHANGE
153 Days98 Days-35.6%

Summary: Homes in Salem had an average listing age of 98 days in Oct 2024, down by 35.6% compared to the previous year.

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

Report Updated 17 Days Ago

Newest Listings in Salem, MO

Nearby Markets to Salem, MO

What housing markets are near Salem, MO?