Housing Prices in Salem, UT
How much do homes in Salem, UT cost?
Median List Price
$749,950
$219/sqft
Based on all homes listed in the last 12 months.
Difference Since May 2023
Summary: The median home list price in Salem was $749,950 in May 2024, up 4.9% from the previous year, and the median price per square foot was $219.
Median List Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $365K | $382K | +4.7% |
3 Bedrooms | $526.9K | $650K | +23.4% |
4 Bedrooms | - | $803.9K | N/A |
5+ Bedrooms | $793.2K | $813.9K | +2.6% |
Summary: Salem housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 23.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 2.6%.
Housing Supply in Salem, UT
How many homes are available in Salem, UT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
41 | 56 | +36.6% |
Summary: The Salem real estate market had 56 homes for sale in May 2024, a 36.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 15 | 18 | +20.0% |
4 Bedrooms | 6 | 14 | +133.3% |
5+ Bedrooms | 14 | 18 | +28.6% |
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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes increased by 28.6%.
Days on Market for Salem, UT
How long does it take to sell a home in Salem, UT?
Average Listing Age
May 2023 | May 2024 | CHANGE |
---|---|---|
309 Days | 118 Days | -61.8% |
Summary: Homes in Salem had an average listing age of 118 days in May 2024, down by 61.8% compared to the previous year.