08079 Home Values & Market Trends
There are 252 homes currently listed for 08079. 08079 real estate market trends show that home prices range from $29,900 to $1,400,000, and the median sales price in the 08079 zip code is $199,299. The total number of properties sold within the past twelve months is 206. In 08079, 49 properties are in foreclosure, 1 are bank owned properties,and 4 are headed for auction.
08079 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Salem | $ 199,299 $ 124/sqft |
Housing Market Summary for 08079
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $191.9K | $192.5K | 0.29% |
| Median Sold Price | $147.8K | $201.9K | 36.64% |
| Homes For Sale | 163 | 248 | 52.15% |
| Homes Sold | 89 | 48 | -46.07% |
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 08079
Browse Homes in 08079
The median list price of a home in Salem, is $199,299. A total of 252 properties are for sale, and the percentage of properties for sale in the zip code is 252.00%. The total count of 08079 properties is 387.
- Pre-ForeclosurePre-foreclosure homes account for 11.37% of all residential properties in 08079 with salem containing 44 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 08079; of that cities, the estimated home value for pre-foreclosure homes ranges from $564,849 in salem to the lowest home value of $67,581 in salem.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 08079 ranges from the highest value of $116,759 in salem to the lowest value of $116,759 in salem. Bank owned homes and properties account for 0.26% of properties in 08079. There is 1 cities within 08079; salem containing 1 REO properties, has the highest number of bank owned properties in a single city.
- Auctionssalem has 4 auction properties, the highest number of properties going to auction in a single city in the state of 08079. Auction homes and other auction properties account for 1.03% of all properties in 08079. There is 1 cities within 08079; of that cities, the median estimated home value for homes going to auction ranges from $200,000 in salem to the lowest value of $126,446 in salem.
Compare Nearby Zip Codes
More Real Estate Resources for 08079
Guide for 08079
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.