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
Key Takeaway
The list price of homes in Salem has increased by 4.9% since last year.
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.
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.