173 homes sold in Salem Lakes in the last year, at a typical $389K
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 Lakes homes are listed.
Every place Salem Lakes 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 Lakes.
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.
6% of Salem Lakes’ sales are condos, at $73K less than a house
153 houses and 10 condos sold in the year to May 2026. Houses sell faster.
typical sale · 153 sold in the year to May 2026
- Per square foot
- $224WI $196
- Days to sell
- 47
- Sold over asking
- 33%
- Listings with a price cut
- 19%
typical sale · 10 sold in the year to May 2026
- Per square foot
- $205WI $209
- Days to sell
- 75
- Sold over asking
- 30%
Multi-family (2–4 units): 2 sold, typical $380K
Too few sales in 12 months for reliable figures.
Fewer homes sell than a decade ago, at twice the 2016 price
173 sales in the last year, against 259 in 2016 and a low of 165 in 2025. The typical sale went from $190K in 2016 to $389K.
Source: Redfin Data Center, MLS sales; from June 2026 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. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $400K buys in Salem Lakes
Check a listing against what Salem Lakes 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 Lakes are more common than before the pandemic, but 57% fewer homes come up for sale
We read every month of Salem Lakes’ 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 September 2026, 173 sales.
If you’re buying in Salem Lakes
- Shop in April. It brings about 25 new listings a month, close to the busiest month, with fewer bidding wars (28% over asking).
- Bid near asking. Buyers paid 99.1% of the list price on average; 32% paid over.
- Move fast on good ones. 61% of homes are under contract within two weeks.
Summer brings the homes; spring brings the bidding wars
June has the most new listings (about 29 a month), but May is the most competitive: 34% of May sales close over asking. April offers nearly as much choice with fewer homes bid up (28%). November has the least competition (20%) but only about 13 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and about like Wisconsin as a whole
| Salem Lakes now | 2017–19 | 2021 peak | WI now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 32% | 23% | 41% | 35% |
| Gone within two weeksShare of homes under contract within 14 days | 61% | 39% | 54% | 44% |
| Price paid vs. askingAverage sale price ÷ list price | 99.1% | 97.7% | 99.8% | 99.2% |
| Days to sellMedian days from listing to contract | 44 | 65 | 52 | 53 |
31 homes for sale on a typical day
That’s 57% fewer than in 2017–19 and well under 2014’s 130.
Since 2019, houses are up 70%, condos 98%
A house typically sold for $391K in the year to May 2026 (153 sales), a condo for $317K (10).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Salem Lakes ranks 113th of 165 busy Wisconsin markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Salem Lakes is in the middle of the pack.
Source: Redfin Data Center, city figures, January 2012 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Salem Lakes home costs about $2,520 a month
Price: Salem Lakes’ typical sale, last 12 months. Property tax at Salem Lakes’ 1.5% (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 Lakes is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 9.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $389K home, about $5,880 a year.
Taxes vs. neighborsSchools
The schools grade for Salem Lakes, from test results, graduation and how much students grow.
Schools in Salem LakesTypical commute
The average one-way trip to work for people who live in Salem Lakes.
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.
Channel Lake, Antioch, Bristol and Fox Lake sell for less a square foot
The busier markets within 25 miles of Salem Lakes, 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 | |
|---|---|---|---|---|---|
| Fox Lake | 237 | $248K | $182 | 33% | 56 |
| Antioch | 184 | $374K | $176 | 46% | 50 |
| Salem Lakes | 173 | $389K | $225 | 32% | 44 |
| Twin Lakes | 98 | $404K | $265 | 30% | 64 |
| Paddock Lake | 54 | $358K | $228 | 40% | 50 |
| Bristol | 37 | $473K | $212 | 32% | 77 |
| Channel Lake | 36 | $278K | $197 | 26% | 68 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Salem Lakes, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Salem Lakes. People who follow the town see it, and so do people comparing Salem Lakes with their own town. No commission, no listing fee.
Questions about buying a home in Salem Lakes
What do homes sell for in Salem Lakes, WI?
173 homes sold in the year to September 2026 at a typical $389K, $225 a square foot. Houses sold for about $391K, condos for about $317K in the year to May 2026.
Is Salem Lakes a buyer’s or seller’s market?
A seller’s market: 52 homes were for sale in September 2026 and 16 sold, about 3.1 months of supply. Buyers paid 99.1% of asking on average.
When is the best time to buy in Salem Lakes?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Salem Lakes?
About 1.5% of a home’s value a year. On a $389K home that’s near $5,880.
Where can I see homes for sale in Salem Lakes?
Zillow, Redfin, Realtor.com and Homes.com all carry Salem Lakes’ MLS listings; the search links above open each one filtered to Salem Lakes.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 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).