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NewSalemNDPhoto: The original uploader was Hephaestos at English Wikipedia. · CC BY-SA 3.0
Housing in New Salem

16 homes sold in New Salem in the last year, at a typical $182K

Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, and a shortcut to every site where New Salem homes are listed.

Homes sold
16
June 2025 to May 2026
Typical sale price
$182K
median, weighted by sales
Price per square foot
$99
North Dakota $151
Paid vs. asking
91.6%
19% sold over asking
For sale now
3
May 2026 · 1 sold that month
What sold · last 12 months

Houses are 94% of New Salem’s sales, at a typical $174K

16 homes sold in the year to May 2026.

Houses$174K

typical sale · 15 sold in 12 months

Per square foot
$96ND $150
Days to sell
56
Sold over asking
20%
Listings with a price cut
37%
Fewer sales

Multi-family (2–4 units): 1 sold, typical $325K

Too few sales in 12 months for reliable figures.

5 years of sales

Fewer homes sell than before 2021, at 1.2 times the 2016 price

16 sales in the last year, against 27 in 2020 and a low of 17 in 2025. The typical sale went from $147K in 2016 to $182K.

Homes soldTypical sale price
012253750$150K$200K$250K$300K2016: 22 sold, typical $147K’162020: 27 sold, typical $125K2021: 18 sold, typical $144K’212022: 18 sold, typical $168K2025: 17 sold, typical $196K’25Last 12 months: 16 sold, typical $182KNow

Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.

What your budget buys

What $200K buys in New Salem

Houseat $96 a sq ft
The same money in North Dakotaat $150 a sq ft

Is this asking price fair?

Check a listing against what New Salem 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.

Rent or buy?

Owning the typical New Salem home costs about $1,089 a month

Mortgage
Property tax
Insurance
Rent

Price: New Salem’s typical sale, last 12 months. Property tax at New Salem’s 0.9% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether New Salem is affordable on local pay is on Cost of living.

Before you buy in New Salem

Five things worth knowing

0.9%

Property tax, a year

Of a home’s value: the median bill over the median home value. On a $182K home, about $1,680 a year.

Taxes vs. neighbors
D

Schools

The schools grade for New Salem, from test results, graduation and how much students grow.

Schools in New Salem
22 min

Typical commute

The average one-way trip to work for people who live in New Salem.

Work & commute
Flood

Check 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 hazards
Records

Look 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.

Selling, or renting out?

Post your home to New Salem, free

Selling it yourself, renting out an apartment or looking for a roommate? Post it to New Salem. People who follow the town see it, and so do people comparing New Salem with their own town. No commission, no listing fee.

Questions about buying a home in New Salem

What do homes sell for in New Salem, ND?

16 homes sold in the year to May 2026 at a typical $182K, $99 a square foot.

Is New Salem a buyer’s or seller’s market?

A seller’s market: 3 homes were for sale in May 2026 and 1 sold, about 3 months of supply. Buyers paid 91.6% of asking on average, and 37% of listings cut their price.

How much are property taxes in New Salem?

About 0.9% of a home’s value a year. On a $182K home that’s near $1,680.

Where can I see homes for sale in New Salem?

Zillow, Redfin, Realtor.com and Homes.com all carry New Salem’s MLS listings; the search links above open each one filtered to New Salem.

Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). 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).