Housing Prices in Salem, MO

How much do homes in Salem, MO cost?

Median List Price

$156,000

$108/sqft

Based on all homes listed in the last 12 months.

Difference Since April 2023

+$21,100(+15.6%)

Key Takeaway

The list price of homes in Salem has increased by 15.6% since last year.

Summary: The median home list price in Salem was $156,000 in April 2024, up 15.6% from the previous year, and the median price per square foot was $108.

Median List Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $56K$84.9K
+51.6%
2 $69.9K$89.9K
+28.5%
3 $149.9K$169K
+12.7%
4 $261.9K$245K
-6.5%
5+ $294.9K$399.9K
+35.6%

Summary: Salem housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51.6%, 2 bedroom homes increased by 28.5%, 3 bedroom homes increased by 12.7%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 35.6%.

Median List Price Compared To Nearby Cities

Salem
+15.6%
Spring Creek West Township
+8.0%
Spring Creek East Township
+4.3%

Housing Supply in Salem, MO

How many homes are available in Salem, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5366+24.5%

Summary: The Salem real estate market had 66 homes for sale in April 2024, a 24.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 1114
+27.3%
3 2433
+37.5%
4 108
-20.0%
5+ 69
+50.0%

Summary: The Salem housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 37.5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 50%.

Days on Market for Salem, MO

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

Average Listing Age

Apr 2023Apr 2024CHANGE
134 Days85 Days-36.2%

Summary: Homes in Salem had an average listing age of 85 days in Apr 2024, down by 36.2% compared to the previous year.

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

Report Updated 18 Days Ago

Newest Listings in Salem, MO

Nearby Markets to Salem, MO

What housing markets are near Salem, MO?