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

+$32,100(+25.7%)

Key Takeaway

The list price of homes in Salem has increased by 25.7% since last year.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $65K$69.9K
+7.5%
2 $69.9K$80.9K
+15.8%
3 $145K$169K
+16.6%
4 $179.9K$257.4K
+43.1%
5+ $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
+25.7%
Spring Creek East Township
+23.6%
Spring Creek West Township
+7.8%

Housing Supply in Salem, MO

How many homes are available in Salem, MO?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
5354+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

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 1413
-7.1%
3 2325
+8.7%
4 1110
-9.1%
5+ 45
+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 2023Feb 2024CHANGE
153 Days114 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Salem, MO

Nearby Markets to Salem, MO

What housing markets are near Salem, MO?