Housing Prices in Salem, MO

How much do homes in Salem, MO cost?

Median List Price

$165,000

$112/sqft

Based on all homes listed in the last 12 months.

Difference Since November 2023

+$25,000(+17.9%)

Key Takeaway

The list price of homes in Salem has increased by 17.9% since last year.

Summary: The median home list price in Salem was $165,000 in November 2024, up 17.9% from the previous year, and the median price per square foot was $112.

Median List Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $69.9K$44.9K
-35.8%
2 $77.4K$90K
+16.2%
3 $149.9K$170K
+13.4%
4 $269.9K$218.4K
-19.1%
5+ $239K$262.2K
+9.7%

Summary: Salem housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.8%, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 13.4%, 4 bedroom homes decreased by 19.1%, and 5+ bedroom homes increased by 9.7%.

Median List Price Compared To Nearby Cities

Salem
+17.9%
Spring Creek West Township
+12.5%
Spring Creek East Township
+10.6%

Housing Supply in Salem, MO

How many homes are available in Salem, MO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8079-1.3%

Summary: The Salem real estate market had 79 homes for sale in November 2024, a 1.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2124
+14.3%
3 3835
-7.9%
4 1212
0.0%
5+ 98
-11.1%

Summary: The Salem housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 11.1%.

Days on Market for Salem, MO

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

Average Listing Age

Nov 2023Nov 2024CHANGE
174 Days112 Days-35.4%

Summary: Homes in Salem had an average listing age of 112 days in Nov 2024, down by 35.4% compared to the previous year.

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

Report Updated 18 Days Ago

Newest Listings in Salem, MO

Nearby Markets to Salem, MO

What housing markets are near Salem, MO?