Is Salem Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
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
$230,000
$159/sqft
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
| # BEDS | May 2022 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | $56K | $319.9K | +471.3% |
| 2 Bedrooms | $219.9K | $180K | -18.2% |
| 3 Bedrooms | $207.9K | $255.5K | +22.9% |
| 4 Bedrooms | $349.9K | $385.7K | +10.2% |
| 5+ Bedrooms | $640K | $350K | -45.3% |
Median Sold Price Compared To Nearby Cities
| Salem Township | $210K | $230K | +9.5% |
| Delmont | $220K | $237.5K | +8.0% |
How many homes are available in Salem Township, PA?
Number of Homes For Sale
| Apr 2023 | May 2023 | % |
|---|---|---|
| 10 | 11 | +10.0% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2023 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Number of Homes Sold
| Apr 2023 | May 2023 | % |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
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 2022 | May 2023 | % |
|---|---|---|
| 4 Days | 258 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
Key Takeaway
Most homes in Salem Township are taking a long time to sell, it's a good idea to negotiate on homes here.
