Is Salem, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Salem has remained a Seller's Market.
Housing Prices in Salem, WI
How much do homes in Salem, WI cost?
Median Sold Price
$335,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Salem was $335,000 in March 2024, up 1.5% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $160K | N/A |
2 Bedrooms | $186K | $185.5K | -0.3% |
3 Bedrooms | $307K | $330K | +7.5% |
4 Bedrooms | $407.5K | $378K | -7.2% |
5+ Bedrooms | $495.9K | $573K | +15.5% |
Summary: Salem housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 15.5%.
Median Sold Price Compared To Nearby Cities
Paddock Lake | $282.2K | $330K | +16.9% |
Trevor | $327.5K | $338.2K | +3.3% |
Salem | $330K | $335K | +1.5% |
Bristol | $430K | $374K | -13.0% |
Housing Supply in Salem, WI
How many homes are available in Salem, WI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 50 | +35.1% |
Summary: The Salem real estate market had 50 homes for sale in March 2024, a 35.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 18 | 26 | +44.4% |
4 Bedrooms | 8 | 12 | +50.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Salem housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 44.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 10 | -9.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Salem in March 2024, down by 9.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.
Days on Market for Salem, WI
We’re sorry, we don't have information for this market at the moment