Photo: Smallbones · Public domain99 homes sold in Salem in the last year, at a typical $166K
About one sale in 4 is a condo. 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 homes are listed.
Every place Salem 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.
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 63% of Salem’s sales, at a typical $174K
99 homes sold in the year to May 2026.
typical sale · 62 sold in 12 months
- Per square foot
- $110NJ $331
- Days to sell
- 74
- Sold over asking
- 24%
- Listings with a price cut
- 26%
Multi-family (2–4 units): 14 sold, typical $184K
Townhouses: 22 sold, typical $134K
Condos: 1 sold, typical $60K
Too few sales in 12 months for reliable figures.
More homes sell than most years, at 6.3 times the 2016 price
99 sales in the last year, against 102 in 2025 and a low of 31 in 2013. The typical sale went from $27K in 2016 to $166K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $150K buys in Salem
Check a listing against what 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.
Bidding wars in Salem are more common than before the pandemic, with about as many homes for sale
We read every month of Salem’s home sales 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, 99 sales.
If you’re buying in Salem
- Shop in September. It brings about 10 new listings a month, close to the busiest month, with fewer bidding wars (15% over asking).
- Some room to negotiate. 26% of listings cut their price, about as many as before the pandemic.
- Offer under asking. Buyers paid 96% of the list price on average; 26% paid over.
- You’ll usually have time. Only 19% of homes go under contract within two weeks; the typical one takes 73 days.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 12 a month), but June is the most competitive: 32% of June sales close over asking. September offers nearly as much choice with fewer homes bid up (15%). September has the least competition (15%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and calmer than New Jersey
| Salem now | 2017–19 | 2021 peak | NJ now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 26% | 14% | 27% | 48% |
| Gone within two weeksShare of homes under contract within 14 days | 19% | 9% | 26% | 31% |
| Listings with a price cutShare of homes for sale that cut their price | 26% | 24% | 18% | 17% |
| Price paid vs. askingAverage sale price ÷ list price | 96% | 89.6% | 94.8% | 101.2% |
| Days to sellMedian days from listing to contract | 73 | 96 | 51 | 45 |
39 homes for sale on a typical day
That’s 1.7 times the 2021 low (23), about the 2017–19 level and well under 2015’s 90.
1 in 4 listings has cut its price
26% in the last year, against 24% in 2017–19 and 17% across New Jersey.
Salem ranks 257th of 299 busy New Jersey markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Salem is one of the state’s calmer markets.
Source: Redfin Data Center, city market tracker, 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 home costs about $1,419 a month
Price: Salem’s typical sale, last 12 months. Property tax at Salem’s 4% (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 is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 8.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $166K home, about $6,640 a year.
Taxes vs. neighborsSchools
The schools grade for Salem, from test results, graduation and how much students grow.
Schools in SalemCheck 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.
No busy market nearby sells for less a square foot; Pennsville Township, Delaware City, New Castle, Carneys Point Township, Woodstown and Wilmington Manor for far more
The busier markets within 25 miles of Salem, 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 | |
|---|---|---|---|---|---|
| Pennsville Township | 191 | $264K | $195 | 41% | 44 |
| Carneys Point Township | 113 | $242K | $188 | 46% | 50 |
| Salem | 99 | $166K | $97 | 26% | 73 |
| New Castle | 80 | $381K | $227 | 34% | 51 |
| Wilmington Manor | 71 | $310K | $224 | 41% | 20 |
| Woodstown | 37 | $338K | $203 | 51% | 64 |
| Delaware City | 26 | $365K | $190 | 27% | 65 |
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, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Salem. People who follow the town see it, and so do people comparing Salem with their own town. No commission, no listing fee.
Questions about buying a home in Salem
What do homes sell for in Salem, NJ?
99 homes sold in the year to May 2026 at a typical $166K, $97 a square foot.
Is Salem a buyer’s or seller’s market?
A balanced market: 50 homes were for sale in May 2026 and 10 sold, about 5 months of supply. Buyers paid 96% of asking on average, and 26% of listings cut their price.
When is the best time to buy in Salem?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Salem?
About 4% of a home’s value a year. On a $166K home that’s near $6,640.
Where can I see homes for sale in Salem?
Zillow, Redfin, Realtor.com and Homes.com all carry Salem’s MLS listings; the search links above open each one filtered to 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).