$369,900
2,162 SqFt
4 Beds
•2 Full Baths
#1901937, Lilly Cardenas, Listing Office: Kazi Realty, LLC
November 2024
Report Updated 17 Days Ago
Is Salem, WI 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, Salem has remained a Seller's Market.
How much do homes in Salem, WI cost?
$325,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
Summary: The median home sold price in Salem was $325,000 in November 2024, up 2.8% from last year, and the median price per square foot was $216.
# BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $159K | $145.7K | -8.3% |
2 Bedrooms | $180K | $218.5K | +21.4% |
3 Bedrooms | $310K | $305K | -1.6% |
4 Bedrooms | $425K | $420K | -1.2% |
5+ Bedrooms | $559.9K | $514.9K | -8.0% |
Summary: Salem housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 21.4%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 8%.
How many homes are available in Salem, WI?
Oct 2024 | Nov 2024 | CHANGE |
---|---|---|
47 | 41 | -12.8% |
Summary: The Salem real estate market had 41 homes for sale in November 2024, a 12.8% decrease compared to October 2024.
# BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 11 | -26.7% |
3 Bedrooms | 24 | 20 | -16.7% |
4 Bedrooms | 7 | 10 | +42.9% |
5+ Bedrooms | 1 | 0 | -100.0% |
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 decreased by 26.7%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes decreased by 100%.
Oct 2024 | Nov 2024 | CHANGE |
---|---|---|
15 | 10 | -33.3% |
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Salem in November 2024, down by 33.3% month-over-month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% were sold over asking.
How long does it take to sell a home in Salem, WI?
Nov 2023 | Nov 2024 | CHANGE |
---|---|---|
13 Days | 2 Days | -84.6% |
Summary: Homes in Salem had an average of 2 days on market in Nov 2024, down by 84.6% compared to last year.
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During November 2024, 10 homes were sold in Salem; 10% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.
Report Updated 17 Days Ago
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Based on information from Wisconsin Real Estate Exchange, Midwest Real Estate Data, and NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc. for the period 12/01/2022 - 12/01/2024
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Last updated on: 12/17/2024, 11:16:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 12/17/2024, 11:22:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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