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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $56K | $79.4K | +41.9% |
2 Bedrooms | $69.9K | $89.9K | +28.6% |
3 Bedrooms | $152.4K | $179.2K | +17.6% |
4 Bedrooms | $261.9K | $224.9K | -14.1% |
5+ Bedrooms | $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 | $134.9K | $160K | +18.6% |
Spring Creek East Township | $129.4K | $142.4K | +10.0% |
Spring Creek West Township | $132.4K | $139K | +5.0% |
Housing Supply in Salem, MO
How many homes are available in Salem, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
66 | 74 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 14 | 18 | +28.6% |
3 Bedrooms | 35 | 36 | +2.9% |
4 Bedrooms | 9 | 12 | +33.3% |
5+ Bedrooms | 6 | 6 | 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 2023 | May 2024 | CHANGE |
---|---|---|
129 Days | 76 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.