Housing Prices in Salem, UT
How much do homes in Salem, UT cost?
Median List Price
$678,945
$222/sqft
Based on all homes listed in the last 12 months.
Difference Since April 2023
Key Takeaway
The list price of homes in Salem has decreased by 12.4% since last year.
Summary: The median home list price in Salem was $678,945 in April 2024, down 12.4% from the previous year, and the median price per square foot was $222.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $399K | N/A |
| 3 Bedrooms | $684.9K | $504.9K | -26.3% |
| 4 Bedrooms | $807.4K | $737.4K | -8.7% |
| 5+ Bedrooms | $1.2M | $803.5K | -35.3% |
Summary: Salem housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 26.3%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes decreased by 35.3%.
Housing Supply in Salem, UT
How many homes are available in Salem, UT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 30 | 47 | +56.7% |
Summary: The Salem real estate market had 47 homes for sale in April 2024, a 56.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 5 | +400.0% |
| 3 Bedrooms | 9 | 14 | +55.6% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 11 | 19 | +72.7% |
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 400%, 3 bedroom homes increased by 55.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 72.7%.
Days on Market for Salem, UT
How long does it take to sell a home in Salem, UT?
Average Listing Age
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 257 Days | 78 Days | -69.4% |
Summary: Homes in Salem had an average listing age of 78 days in Apr 2024, down by 69.4% compared to the previous year.
Based on information from UtahRealEstate.com All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information deemed reliable but not guaranteed accurate. The compilation of listings and each individual listing are Copyright © 2024 UtahRealEstate.com All rights reserved.