Housing Prices in Salem, MO

How much do homes in Salem, MO cost?

Median List Price

$160,000

$108/sqft

Based on all homes listed in the last 12 months.

Difference Since May 2023

+$25,100(+18.6%)

Key Takeaway

The list price of homes in Salem has increased by 18.6% since last year.

Summary: The median home list price in Salem was $160,000 in May 2024, up 18.6% from the previous year, and the median price per square foot was $108.

Median List Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $56K$79.4K
+41.9%
2 $69.9K$89.9K
+28.6%
3 $152.4K$179.2K
+17.6%
4 $261.9K$224.9K
-14.1%
5+ $262.5K$244.5K
-6.9%

Summary: Salem housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.9%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes decreased by 6.9%.

Median List Price Compared To Nearby Cities

Salem
+18.6%
Spring Creek East Township
+10.0%
Spring Creek West Township
+5.0%

Housing Supply in Salem, MO

How many homes are available in Salem, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6674+12.1%

Summary: The Salem real estate market had 74 homes for sale in May 2024, a 12.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 1418
+28.6%
3 3536
+2.9%
4 912
+33.3%
5+ 66
0.0%

Summary: The Salem housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Days on Market for Salem, MO

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

Average Listing Age

May 2023May 2024CHANGE
129 Days76 Days-41.3%

Summary: Homes in Salem had an average listing age of 76 days in May 2024, down by 41.3% compared to the previous year.

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

Report Updated 1 Day Ago

Newest Listings in Salem, MO

Nearby Markets to Salem, MO

What housing markets are near Salem, MO?