Salem, WI Home Values & Market Trends
Real estate market trends reflect that there have been 158 transactions over the past year in Salem. The median value for residential home transactions that occurred over the previous year is $308,164.1. The number of current listings in Salem is 5, and the percentage of properties for sale in the city is 5.00%. Salem, WI currently has 22 properties in foreclosure, 1 bank owned properties, 3 properties headed for auction, and 5 properties for sale.
Salem, WI Real Estate Market Overview
Zip | Median Est. Value |
---|---|
53168 | $ 309,900 $ 237/sqft |
Housing Market Summary for Salem, WI
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $315K | $319.5K | 1.43% |
Median Sold Price | $259.3K | $319.5K | 23.22% |
Homes For Sale | 1 | 4 | 300.00% |
Homes Sold | 75 | 70 | -6.67% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Salem, WI
Browse Homes in Salem, WI
Salem home values range from $25,330 to $3,661,699. The median estimated value of a home in Salem is $308,164.1. The median list price of a home is 294,900, and the total count of properties in the city is 3,480.
- Pre-ForeclosurePre-foreclosure homes account for 0.52% of all residential properties in Salem, WI with 53168 containing 18 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Salem, WI; of that zips, the estimated home value for pre-foreclosure homes ranges from $498,974 in 53168 to the lowest home value of $55,293 in 53168.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Salem, WI ranges from the highest value of $220,750 in 53168 to the lowest value of $220,750 in 53168. Bank owned homes and properties account for 0.03% of properties in Salem, WI. There is 1 zips within Salem, WI; 53168 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions53168 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Salem, WI. Auction homes and other auction properties account for 0.09% of all properties in Salem, WI. There is 1 zips within Salem, WI; of that zips, the median estimated home value for homes going to auction ranges from $614,427 in 53168 to the lowest value of $265,500 in 53168.
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Guide for Salem, WI
In Madison, WI homes have seen a gradual increase in property values, and sale price reach just under 500k in early 2024.
Madison’s real estate market continues to robustness, with varied trends across different market segments.
Milwaukee’s real estate market has shown growth with increasing property values and sold prices in the past year. However, the market contrasts with wealthier neighboring cities with higher average sold prices.
Wisconsin Foreclosure Laws