Salem, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 206 transactions over the past year in Salem. The median value for residential home transactions that occurred over the previous year is $199,299. The number of current listings in Salem is 252, and the percentage of properties for sale in the city is 252.00%. Salem, NJ currently has 50 properties in foreclosure, 2 bank owned properties, 4 properties headed for auction, and 252 properties for sale.
Salem, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 08079 | $ 199,299 $ 124/sqft |
Housing Market Summary for Salem, NJ
| 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 Salem, NJ
Browse Homes in Salem, NJ
Salem home values range from $30,070 to $619,291. The median estimated value of a home in Salem is $199,299. The median list price of a home is 192,500, and the total count of properties in the city is 389.
- Pre-ForeclosurePre-foreclosure homes account for 11.31% of all residential properties in Salem, NJ with 08079 containing 44 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Salem, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $564,849 in 08079 to the lowest home value of $67,581 in 08079.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Salem, NJ ranges from the highest value of $195,438 in 08079 to the lowest value of $116,759 in 08079. Bank owned homes and properties account for 0.51% of properties in Salem, NJ. There is 1 zips within Salem, NJ; 08079 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions08079 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of Salem, NJ. Auction homes and other auction properties account for 1.03% of all properties in Salem, NJ. There is 1 zips within Salem, NJ; of that zips, the median estimated home value for homes going to auction ranges from $200,000 in 08079 to the lowest value of $126,446 in 08079.
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Guide for Salem, NJ
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.
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