Housing Prices in Salem, MO
How much do homes in Salem, MO cost?
Median List Price
$157,000
$109/sqft
Based on all homes listed in the last 12 months.
Difference Since February 2023
Summary: The median home list price in Salem was $157,000 in February 2024, up 25.7% from the previous year, and the median price per square foot was $109.
Median List Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65K | $69.9K | +7.5% |
2 Bedrooms | $69.9K | $80.9K | +15.8% |
3 Bedrooms | $145K | $169K | +16.6% |
4 Bedrooms | $179.9K | $257.4K | +43.1% |
5+ Bedrooms | $224.7K | $439.9K | +95.8% |
Summary: Salem housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 16.6%, 4 bedroom homes increased by 43.1%, and 5+ bedroom homes increased by 95.8%.
Median List Price Compared To Nearby Cities
Salem | $124.9K | $157K | +25.7% |
Spring Creek East Township | $112.4K | $139K | +23.6% |
Spring Creek West Township | $139K | $149.9K | +7.8% |
Housing Supply in Salem, MO
How many homes are available in Salem, MO?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
53 | 54 | +1.9% |
Summary: The Salem real estate market had 54 homes for sale in February 2024, a 1.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 14 | 13 | -7.1% |
3 Bedrooms | 23 | 25 | +8.7% |
4 Bedrooms | 11 | 10 | -9.1% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Salem housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 25%.
Days on Market for Salem, MO
How long does it take to sell a home in Salem, MO?
Average Listing Age
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
153 Days | 114 Days | -25.5% |
Summary: Homes in Salem had an average listing age of 114 days in Feb 2024, down by 25.5% compared to the previous year.