$3,264 Closing Credit*
$274,900
1,690 SqFt
3 Beds
•2 Full Baths, 1 Partial
Tracy Jones, Listing Office: Keller Williams Elevate
Is West Salem, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, West Salem has remained a Seller's Market.
Key Takeaway
West Salem is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Salem, OH
How much do homes in West Salem, OH cost?
Median Sold Price
$230,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$33,550(+17.1%)
Key Takeaway
Homes in West Salem have sold for 17.1% more than they did a year ago.
Summary: The median home sold price in West Salem was $230,000 in September 2024, up 17.1% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $68.5K | - | N/A |
| 2 Bedrooms | $166K | $225K | +35.5% |
| 3 Bedrooms | $203.4K | $230K | +13.0% |
| 4 Bedrooms | $250.1K | $299K | +19.6% |
| 5+ Bedrooms | $975K | $375K | -61.5% |
Summary: West Salem housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35.5%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes decreased by 61.5%.
Median Sold Price Compared To Nearby Cities
| Congress Township | $170K | $227.5K | +33.8% |
| West Salem | $196.4K | $230K | +17.1% |
Housing Supply in West Salem, OH
How many homes are available in West Salem, OH?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 34 | 23 | -32.4% |
Summary: The West Salem real estate market had 23 homes for sale in September 2024, a 32.4% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 21 | 15 | -28.6% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The West Salem housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 42.9%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Salem, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in West Salem in September 2024, down by 36.4% month-over-month. Of the 7 sold homes, 43% were sold under asking, 57% were sold at asking, and 0% were sold over asking.
Days on Market for West Salem, OH
How long does it take to sell a home in West Salem, OH?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 70 Days | 29 Days | -58.0% |
Summary: Homes in West Salem had an average of 29 days on market in Sep 2024, down by 58% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Salem are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 7 homes were sold in West Salem; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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