Salem Home Prices and Home Values

Zillow Home Value Index
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Zillow Home Value Index
Mid-point of Zestimate valuations for Salem. Half the Zestimates are above this number and half are below it.
Median list price ($)
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Median list price ($)
Mid-point of the list price for homes listed on Zillow in Salem, or the asking price.
Median sale price ($)
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Median sale price ($)
Mid-point of the price homes have sold for in Salem. Half the homes sold above this number and half sold below.
Zillow Rent Index
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Zillow Rent Index
Mid-point of Rent Zestimates—Zillow's estimated monthly rent price—for homes in Salem. Half the Rent Zestimates are above this number and half are below it.
Median rent list price ($)
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Median rent list price ($)
Mid-point of the rental price for homes listed for rent on Zillow in the Salem. Half the homes have rent prices above this number and half are below.
Total homes sold
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Total homes sold
Total number of homes sold in Salem during the prior 30 days.
Median value per sq. ft. ($)
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Median value per sq. ft. ($)
Mid-point of the value of all homes in Salem, per square foot. This is derived by taking the Zestimate for each home and dividing it by the homes square footage (e.g. a 1,000 sq ft home with a Zestimate of $200k has a $200 value/sq foot).
Median list price / sq. ft. ($)
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Median list price / sq. ft. ($)
Mid-point of Salems list prices when divided by the square footage of a home (e.g. a 1,000 sq ft home with a list price of $200k has a list price/sq ft of $200).
Median sale price / sq. ft. ($)
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Median sale price / sq. ft. ($)
Mid-point of Salems sale prices when divided by the square footage of a home (e.g. a 1,000 sq ft home that sold for $200k has a sale price/sq ft of $200).
Rent estimate / sq. ft. ($)
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Rent estimate / sq. ft. ($)
Mid-point of the estimated monthly rent price of all homes in Salem, per square foot. This is derived by taking the Rent Zestimate for each home and dividing it by the homes square footage (e.g. a 1,000 sq ft home with a Rent Zestimate of $2000 per month has a $2 value/sq foot).
Median rent list price / sq. ft. ($)
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Median rent list price / sq. ft. ($)
Mid-point of Salems rent when divided by the square footage of a home (e.g. a 1,000 sq ft home with a rent of $1,200 has a rent/sq ft of $12).
Median sale-to-list price ratio
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Median sale-to-list price ratio
Mid-point of the ratio between the sale price and the list price for all homes in Salem (e.g. if a home with a list price of $200k sells for $250k, its ratio would be 5:4 or 1.25).
Listings with price cut (%)
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Listings with price cut (%)
The percentage of current listings on Zillow in Salem whose price has been reduced in the last 30 days.
Median price cut (%)
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Median price cut (%)
Mid-point of the percentage of price reduction for homes in Salem whose prices have been reduced in the past full month.
Sold for loss (%)
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Sold for loss (%)
The percentage of homes in Salem that sold for less than the previous purchase price (e.g. a home purchased for $250k and then sold for $225k). This excludes foreclosure transactions.
Sold for gain (%)
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Sold for gain (%)
The percentage of homes sold for more than their previous purchase price (e.g. a home purchased for $225k and then sold for $250k).
Homes foreclosed
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Homes foreclosed
The number of homes in the Salem per 10,000 that were foreclosed in a given month. A foreclosure is when a homeowner loses their home to their lending institution or it is sold to a third party at an auction.
Foreclosure re-sales (%)
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Foreclosure re-sales (%)
The percentage of home sales in a given month in Salem where the home was foreclosed upon within the previous 12 months (e.g. sales of bank-owned homes after the bank repossessed a home during a foreclosure).
Increasing values (%)
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Increasing values (%)
The percentage of homes in Salem whose values have increased in the past year.
Decreasing values (%)
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Decreasing values (%)
The percentage of all homes in Salem whose value has fallen in the last year.
Sold in past year (%)
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Sold in past year (%)
The percentage of all homes in Salem that were sold in the past 12 months.