Richwood Evangelical Lutheran Church · Photo: Nyttend · Public domain30 homes sold in Salem Township in the last year, at a typical $207K
Redfin reports Salem Township’s sales by ZIP code, so these figures are for ZIP 47334, which takes in Salem Township and the area around it. Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Salem Township homes are listed.
Every place Salem Township homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Salem Township.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 100% of Salem Township’s sales, at a typical $207K
30 homes sold in the year to May 2026.
typical sale · 30 sold in 12 months
- Per square foot
- $118IN $148
- Days to sell
- 24
- Sold over asking
- 20%
About as many homes sell as usual, at twice the 2016 price
30 sales in the last year, against 52 in 2021 and a low of 14 in 2012. The typical sale went from $106K in 2016 to $207K.
Source: Redfin Data Center, MLS sales; for ZIP 47334, which takes in Salem Township and the area around it (each month is a 3-month rolling window, its counts divided by 3). Typical price and $/sq ft are the monthly medians, weighted by sales.
What $200K buys in Salem Township
Check a listing against what Salem Township homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Salem Township are more common than before the pandemic, but half fewer homes come up for sale
We read every month of home sales in ZIP 47334 since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 30 sales.
If you’re buying in Salem Township
- Shop in June. It brings about 4 new listings a month, close to the busiest month, with fewer bidding wars (11% over asking).
- Offer under asking. Buyers paid 96.3% of the list price on average; 20% paid over.
- You’ll usually have time. Only 39% of homes go under contract within two weeks; the typical one takes 24 days.
Fall brings both the most homes and the most bidding wars
September has the most new listings (about 5 a month), and the most competition: 32% close over asking. June offers nearly as much choice with fewer homes bid up (11%). June has the least competition (11%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and about like Indiana as a whole
| Salem Township now | 2017–19 | 2021 peak | IN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 20% | 10% | 30% | 19% |
| Gone within two weeksShare of homes under contract within 14 days | 39% | 1% | 0% | 37% |
| Price paid vs. askingAverage sale price ÷ list price | 96.3% | 95% | 97.8% | 97.7% |
| Days to sellMedian days from listing to contract | 24 | 85 | 87 | 35 |
7 homes for sale on a typical day
That’s 1.4 times the 2023 low (5), 47% fewer than in 2017–19 and well under 2014’s 23.
Source: Redfin Data Center, ZIP code tracker; for ZIP 47334, which takes in Salem Township and the area around it (each month is a 3-month rolling window, its counts divided by 3), January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Salem Township home costs about $1,223 a month
Price: Salem Township’s typical sale, last 12 months. Property tax at Salem Township’s 0.8% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Salem Township is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in September
The month with the most choice. February has the fewest, about 2.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $207K home, about $1,720 a year.
Taxes vs. neighborsSchools
The schools grade for Salem Township, from test results, graduation and how much students grow.
Schools in Salem TownshipTypical commute
The average one-way trip to work for people who live in Salem Township.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Daleville, Middletown, Muncie and Anderson sell for less a square foot
The busier markets within 25 miles of Salem Township, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Anderson | 732 | $151K | $97 | 20% | 26 |
| Muncie | 723 | $138K | $100 | 20% | 28 |
| Yorktown | 188 | $260K | $134 | 22% | 25 |
| Middletown | 34 | $163K | $108 | 18% | 22 |
| Chesterfield | 31 | $148K | $124 | 32% | 22 |
| Salem Township (ZIP 47334) | 30 | $207K | $118 | 20% | 24 |
| Daleville | 22 | $164K | $98 | 23% | 36 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Salem Township, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Salem Township. People who follow the town see it, and so do people comparing Salem Township with their own town. No commission, no listing fee.
Questions about buying a home in Salem Township
What do homes sell for in Salem Township, IN?
30 homes sold in the year to May 2026 at a typical $207K, $118 a square foot.
Is Salem Township a buyer’s or seller’s market?
A seller’s market: 4 homes were for sale in May 2026 and 1 sold, about 2.4 months of supply. Buyers paid 96.3% of asking on average.
When is the best time to buy in Salem Township?
September brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Salem Township?
About 0.8% of a home’s value a year. On a $207K home that’s near $1,720.
Where can I see homes for sale in Salem Township?
Zillow, Redfin, Realtor.com and Homes.com all carry Salem Township’s MLS listings; the search links above open each one filtered to Salem Township.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; for ZIP 47334, which takes in Salem Township and the area around it (each month is a 3-month rolling window, its counts divided by 3)). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).