$15,000
0.34 Acres
Land
D. Michael Bomboris, Listing Office: RE/MAX Showcase
Is West Salem, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$28,700(+14.3%)
Key Takeaway
Homes in West Salem have sold for 14.3% more than they did a year ago.
Summary: The median home sold price in West Salem was $230,000 in November 2024, up 14.3% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $68.5K | - | N/A |
| 2 Bedrooms | $166.5K | $227.5K | +36.6% |
| 3 Bedrooms | $217K | $230K | +6.0% |
| 4 Bedrooms | $250.1K | $274.4K | +9.8% |
| 5+ Bedrooms | $125K | $375K | +200.0% |
Summary: West Salem housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 36.6%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 200%.
Median Sold Price Compared To Nearby Cities
| Congress Township | $185K | $229K | +23.8% |
| West Salem | $201.3K | $230K | +14.3% |
Housing Supply in West Salem, OH
How many homes are available in West Salem, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 17 | -26.1% |
Summary: The West Salem real estate market had 17 homes for sale in November 2024, a 26.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 17 | 15 | -11.8% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The West 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 decreased by 100%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West Salem, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in West Salem in November 2024, down by 55.6% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 39 Days | +10.6% |
Summary: Homes in West Salem had an average of 39 days on market in Nov 2024, up by 10.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 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 November 2024, 4 homes were sold in West Salem; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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