Is West Salem, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Salem is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, West Salem was a Seller's Market.

Key Takeaway

West Salem is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in West Salem, OH cost?

Median Sold Price

$310,000

$209/sqft

Based on all homes sold in September 2022.

Difference Since Last Month

+$172,250(+125.0%)

Key Takeaway

Homes in West Salem have sold for 125% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSAug 2022Sep 2022%
1 --
N/A
2 $192.7K-
N/A
3 $130K-
N/A
4 -$310K
N/A
5+ --
N/A

How many homes are available in West Salem, OH?

Number of Homes For Sale

Aug 2022Sep 2022%
98-11.1%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 01
+100.0%
2 20
-100.0%
3 43
-25.0%
4 34
+33.3%
5+ 00
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
41-75.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Salem, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Average Sale Time

Aug 2022Sep 2022%
6 Days87 Days+1292.0%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in West Salem has remained consistent over time.

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

About West Salem, OH

West Salem, OH has 8 homes for sale to choose from. Between August 2022 and September 2022, West Salem, OH real estate market has seen decrease in the number of listings by 11.1%. While the average time on the market in September 2022 was 87 days, the median list price was $310,000. Listing prices have changed in this real estate market between September 2021 and September 2022: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties increased by 0%, 3 bedrooms properties prices increased by 0%, prices of 4 bedrooms properties increased by 0%, 5 bedrooms properties prices increased by 0%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes increased by 100%, the quantity of 2 bedrooms homes went down by 100%, 3 bedrooms homes inventory decreased by 25%, volume of 4 bedrooms homes went up by 33.3%, number of 5 bedrooms homes remained the same. Over 0 listings were sold over their listed price in September 2022 in West Salem, OH. In the same period over 0 listings were sold below the listed price and 1 listings were sold for the listed price.