Salem Township Home Prices & Values

$133,400 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 4.3% 1-year change
  • 5.0% 1-year forecast

The median home value in Salem Township is $133,400. Salem Township home values have gone up 4.3% over the past year and Zillow predicts they will rise 5.0% within the next year. The median price of homes currently listed in Salem Township is $165,030.

Foreclosures will be a factor impacting home values in the next several years. In Salem Township 7.7 homes are foreclosed (per 10,000). This is greater than the Pittsburgh Metro value of 2.1 and also greater than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Salem Township is 4.4%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Salem Township homeowners underwater on their mortgage is 15.8%, which is higher than Pittsburgh Metro at 10.6%.

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Relative ZHVI
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Salem Township Market Overview

Data through Aug 31, 2014
  • $133,400 ZHVI
  • 5.0% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $165,030 Median listing price
  • No data Median sale price
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Salem Township Market Health

Data through Aug 31, 2014
  • 6.0/10 Healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 15.8% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.4% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

7.7 homes(Feb 28, 2014) Salem Township
2.1 homes Pittsburgh Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Washington Township $138,300 Delmont $131,100 Bell Township $105,300
Greensburg $104,500 Loyalhanna Township $96,600 Southwest Greensburg $86,900
South Greensburg $85,900 Avonmore $72,000 Jeannette $69,200

Listings & Sales

Data through Aug 31, 2014
  • $81 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 10.5% Listings with price cut
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Salem Township Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,133 Pittsburgh Metro
$1,328 United States
  • 1.8 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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