Housing Prices in Salem, UT

How much do homes in Salem, UT cost?

Median List Price

$739,900

$199/sqft

Based on all homes listed in February 2024.

Difference Since Last Month

-$45,000(-5.7%)

Key Takeaway

The list price of homes in Salem has decreased by 5.7% since January.

Summary: The median home list price in Salem was $739,900 in February 2024, down 5.7% from the previous month, and the median price per square foot was $199.

Median List Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 --
N/A
3 $614K$626.9K
+2.1%
4 $794.7K$789.9K
-0.6%
5+ $1.0M$1.0M
-0.2%

Summary: Salem housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 0.2%.

Median List Price Compared To Nearby Cities

Woodland Hills
0.0%
Payson
-3.3%
Spanish Fork
-3.9%
Salem
-5.7%
Spanish Fork-Payson
-8.0%

Housing Supply in Salem, UT

How many homes are available in Salem, UT?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2631+19.2%

Summary: The Salem real estate market had 31 homes for sale in February 2024, a 19.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 610
+66.7%
4 67
+16.7%
5+ 1414
0.0%

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 remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Days on Market for Salem, UT

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

Average Listing Age

Jan 2024Feb 2024CHANGE
123 Days109 Days-11.3%

Summary: Homes in Salem had an average listing age of 109 days in Feb 2024, down by 11.3% compared to the previous month.

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, UT

Nearby Markets to Salem, UT

What housing markets are near Salem, UT?