Name: Salem Real Estate Market Data
Creator: Propaired

Question 1

What is the median home price in Salem, Utah in 2026?

Accepted Answer

As of May 2026, the median home price in Salem, Utah is $579,000, which is 11.8% above the Utah state median of $517,990. Home prices in Salem range from $305,000 to $2,595,000, with an average sale price of $620,243. These figures are based on recent closed transactions in the Salem real estate market.

Question 2

Is Salem, Utah a buyer's or seller's market?

Accepted Answer

Salem, Utah is currently a balanced market. Key indicators include an average sale-to-list price ratio of 100.1% and homes spending an average of 84 days on the market. Salem’s median home price sits ~11% above the Utah average, with a 100.1% sale‑to‑list ratio but longer days on market (86 vs 72).

Question 3

How long do homes stay on the market in Salem?

Accepted Answer

Homes in Salem, Utah spend an average of 84 days on the market before going under contract compared to the Utah state average of 72 days (16.8% above average). This gives buyers time to carefully evaluate options and negotiate terms. Properties that are priced competitively and show well tend to sell fastest.

Question 4

How many homes are for sale in Salem, Utah?

Accepted Answer

As of May 2026, there are 153 active homes for sale in Salem, Utah with 250 new listings added recently. In the most recent reporting period, 119 transactions closed in Salem. The inventory level can change quickly, so checking regularly helps buyers stay ahead of new opportunities.

Question 5

Are there new construction homes for sale in Salem, Utah?

Accepted Answer

Yes — Salem currently has 250 new listings recently added to the market, with prices starting from $305,000. New construction homes (year built ≥ 2025 or builder-flagged in MLS) can be found using the "New Construction" filter on Propaired. The overall median home price in Salem is $579,000.

Question 6

How does Salem compare to the Utah state average?

Accepted Answer

Salem home prices are 11.8% above the Utah state median of $517,990, with a local median of $579,000. Homes sell slower than the state average — 84 days in Salem vs 72 days statewide (16.8% above average). The sale-to-list ratio is 100.1% locally vs 99.0% statewide.

Question 7

Are homes in Salem more expensive than the Utah average?

Accepted Answer

Yes, homes in Salem are more expensive than the Utah state average. The median home price in Salem is $579,000, compared to the statewide median of $517,990 — a difference of $61,010 (+11.8%). The premium reflects demand for the area's amenities, schools, and location.

Question 8

Do homes sell faster in Salem than the rest of Utah?

Accepted Answer

No, homes in Salem take longer to sell than the Utah average. The average days on market in Salem is 84 days, compared to 72 days statewide (16.8% above average). Buyers in Salem have more time to evaluate listings and negotiate, which can work in their favor. The overall market temperature is considered balanced.

Question 9

How have home prices changed in Salem over the past year?

Accepted Answer

Home prices in Salem, Utah have increased by 29.4% over the past year. The median sale price went from $468,135 to $605,900. This strong appreciation reflects growing demand in the area. Check the Salem market trends section above for detailed charts.

Question 10

Is the Salem housing market heating up or cooling down?

Accepted Answer

The Salem housing market is currently showing mixed signals, with prices up 29.4% year-over-year and days on market increasing by 88.6%. The market temperature is rated "balanced" based on current conditions. Salem’s median home price sits ~11% above the Utah average, with a 100.1% sale‑to‑list ratio but longer days on market (86 vs 72). Monitor the market data section above for monthly trends and state comparisons to track how conditions are evolving.

Question 11

What were Salem home prices this time last year?

Accepted Answer

In May 2025, the median home sale price in Salem, Utah was $468,135. Today, the median is $605,900, representing a change of +29.4% ($137,765 increase). During that same period, the average days on market went from 57 to 108 days.

Question 12

What is the current market outlook for Salem, Utah?

Accepted Answer

Salem’s housing market remains robust, with the median closed price at $575,000—about 10.8% higher than the Utah median of $518,888. The strong month‑over‑month price gain of 40.6% and a sale‑to‑list ratio of 100.1% indicate that buyers are still willing to meet or exceed asking prices, especially for single‑family homes where the median price is $669,990. However, homes are staying on the market longer (86 days versus the state’s 72), reflecting a modest softening as inventory builds; 257 new listings have appeared in the past three months compared with 127 closed transactions.

On the macro side, 30‑year mortgage rates have risen from a six‑month low of 6.06% to 6.35% this month, while the Fed Funds rate has held steady at 3.64% and Utah’s unemployment remains low at 3.6%. Consumer sentiment and shelter CPI are stable, and housing starts have plateaued, suggesting no immediate surge in supply. City‑specific developments—such as the new 194‑unit apartment building, the tourism fee generating $1 M for marketing, and expanded business grants—should bolster economic activity and may increase demand for both rentals and owner‑occupied homes. Overall, the market is balanced: price growth remains strong, but rising financing costs and growing inventory are tempering the pace. The market temperature is rated "balanced." Salem’s median home price sits ~11% above the Utah average, with a 100.1% sale‑to‑list ratio but longer days on market (86 vs 72).

Question 13

What are the key highlights of the Salem housing market?

Accepted Answer

Key highlights of the Salem, Utah housing market include: Median price rose 40.6% month‑over‑month, outpacing the state and pushing the city median to $575 K.. Single‑family homes dominate inventory (106 active) and sell near list, while condos trade at a lower median of $425 K.. New apartment projects (194‑unit building and Block 45) will add rental supply and could ease buyer competition.. Mortgage rates have ticked up to 6.35% for the 30‑year loan, the highest in the six‑month window, adding cost pressure for buyers.. These insights are derived from recent MLS transaction data and local market analysis.

Question 14

What is the price range for homes in Salem, Utah?

Accepted Answer

Homes in Salem, Utah range from $305,000 to $2,595,000, with a median price of $579,000. The standard deviation is $400,644, indicating a wide spread of home values across neighborhoods. This range reflects the diversity of housing options available, from starter homes to luxury properties.

Question 15

What are the best schools in Salem, Utah?

Accepted Answer

Salem has 9 schools. The top-rated schools based on state performance scores include: Salem Hills High (63.1% score), 1,598 students; American Preparatory Academy - Salem (59.3% score), 570 students. School ratings are based on Utah State Board of Education achievement and growth metrics. Explore all Salem schools and nearby homes for sale on Propaired.

Question 16

How do Salem schools compare to the state average?

Accepted Answer

Of the 9 schools in Salem, 1 (11%) are rated as high-performing and 1 have strong academics indicators. Families should research individual school ratings on our Salem schools page for detailed performance breakdowns.

Question 17

Are there STEM or specialty schools in Salem?

Accepted Answer

Yes, Salem has 1 school with STEM excellence indicators, including American Preparatory Academy - Salem. These schools demonstrate above-average performance in math, science, or both according to Utah state assessments.

Question 18

What is the internet quality in Salem, Utah?

Accepted Answer

Salem has an average broadband download speed of 9245 Mbps and 91% of homes have access to fiber internet. Top internet providers include Salem City Fiber, Utah Telecommunication Open Infrastructure Agency, Xfinity. This is above average for Utah, supporting remote work and streaming. Residents have an average of 11.9 provider options.

Question 19

Are single-family homes or condos a better investment in Salem?

Accepted Answer

In Salem, single-family homes have a median price of $669,990 (-0.7% YoY), while townhomes/condos are $424,990 (+3.7% YoY). SFRs sell in 38 days vs 33 days for condos. Condos offer a lower entry point with competitive returns. Both property types are available with AI-powered search on Propaired.

Question 20

What is the price per square foot in Salem?

Accepted Answer

The median price per square foot in Salem, Utah is $193. The average home size is 3,146 sqft. This metric helps compare value across neighborhoods and property types — a lower price per sqft may indicate better value, while higher prices often reflect premium locations or finishes.

Question 21

Is now a good time to buy a home in Salem, Utah?

Accepted Answer

The 30-year mortgage rate is currently 6.35% and Utah's unemployment rate is 3.6%, with Salem's market rated as "balanced." Prices are rising at 29.4% year-over-year. Current conditions may favor buyers with more negotiating room. Market timing depends on your personal financial situation and goals.

Question 22

When is the best time to buy a home in Salem?

Accepted Answer

Historically, May offers the most new listings in Salem, giving buyers the widest selection. Spring (April–June) typically sees the most inventory while winter months often have less competition and potentially more motivated sellers. However, Utah's growing market means opportunities exist year-round. Set up alerts on Propaired to be notified when new listings match your criteria.

Question 23

Is Salem a safe place to live?

Accepted Answer

Salem has a safety rating of 8.3 out of 10 (10 = safest) based on 2024 BCI NIBRS data. The overall crime rate is 15.3 per 1,000 residents, which is 67% below the statewide average, making it very safe. The violent crime rate is 2.9 per 1,000 residents and the property crime rate is 7.6 per 1,000 residents. (Population: 11,213)

Question 24

What is the crime rate in Salem?

Accepted Answer

In 2024, Salem's total NIBRS crime rate was 15.3 offenses per 1,000 residents. This includes crimes against persons (2.9 per 1K), property crimes (7.6 per 1K), and crimes against society. For comparison, the statewide average is approximately 46.4 per 1,000 residents. Source: Bureau of Criminal Identification NIBRS report.

Market Overview

Key Metrics

Detailed Market Analysis

Advanced Metrics

Trend Charts

Price Distribution & Property Mix

Featured Homes in Salem

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Deals & Lifestyle in Salem

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Highlights in Salem

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