$365,000
25.78 Acres
Land
Stephen Yoder, Listing Office: Kaufman Realty & Auction, LLC
Is West Salem, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$232,500
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32,400(+16.2%)
Key Takeaway
Homes in West Salem have sold for 16.2% more than they did a year ago.
Summary: The median home sold price in West Salem was $232,500 in October 2024, up 16.2% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $68.5K | - | N/A |
| 2 Bedrooms | $166K | $227.5K | +37.0% |
| 3 Bedrooms | $207.7K | $232.5K | +11.9% |
| 4 Bedrooms | $250.1K | $274.4K | +9.8% |
| 5+ Bedrooms | $125K | $375K | +200.0% |
Summary: West Salem housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 37%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 200%.
Median Sold Price Compared To Nearby Cities
| Congress Township | $176K | $228K | +29.5% |
| West Salem | $200.1K | $232.5K | +16.2% |
Housing Supply in West Salem, OH
How many homes are available in West Salem, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 22 | -15.4% |
Summary: The West Salem real estate market had 22 homes for sale in October 2024, a 15.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 19 | 16 | -15.8% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The West 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 50%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Salem, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in West Salem in October 2024, up by 12.5% month-over-month. Of the 9 sold homes, 78% were sold under asking, 0% were sold at asking, and 22% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 34 Days | -22.3% |
Summary: Homes in West Salem had an average of 34 days on market in Oct 2024, down by 22.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 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 October 2024, 9 homes were sold in West Salem; 56% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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