Is Salem Township, PA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Salem Township is a buyer's market


Difference Since May 2022

Since last year, Salem Township has remained a Buyer's Market.

Key Takeaway

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

How much do homes in Salem Township, PA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2022


Key Takeaway

Homes in Salem Township have sold for 9.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 $56K$319.9K
2 $219.9K$180K
3 $207.9K$255.5K
4 $349.9K$385.7K
5+ $640K$350K

Median Sold Price Compared To Nearby Cities

Salem Township

How many homes are available in Salem Township, PA?

Number of Homes For Sale

Apr 2023May 2023%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 00
2 21
3 45
4 33
5+ 12

Number of Homes Sold

Apr 2023May 2023%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Salem Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

How long does it take to sell a home in Salem Township, PA?

How long does it take to sell a home in Salem Township, PA?

Average Sale Time

May 2022May 2023%
4 Days258 Days+6350.0%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Salem Township are taking a long time to sell, it's a good idea to negotiate on homes here.

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

What housing markets are near Salem Township, PA?

About Salem Township, PA

Number of homes for sale in Salem Township, PA real estate market have reached 11. The number of listings in Salem Township, PA increased by 10% between April 2023 and May 2023. In May 2023 median list price was $230,000 and the average listing age was 258 days. From April 2023 through May 2023, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 471.3%, 2 bedrooms properties prices decreased by 18.2%, 3 bedrooms properties became 22.9% more expensive, 4 bedrooms properties prices increased by 10.2%, prices of 5 bedrooms properties went down by 45.3%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, the quantity of 2 bedrooms homes went down by 50%, volume of 3 bedrooms homes went up by 25%, 4 bedrooms homes inventory did not change, 5 bedrooms homes inventory increased by 100%. In May 2023 more than 1 listings in Salem Township, PA were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 0 were sold below.