Salem, NJ Real Estate Market Summary – September 8, 2026
In Salem, NJ, the real estate market has seen a total of 10 homes sold over the past 30 days, averaging about 0.33 homes sold per day. The average living area of these homes is approximately 1,774 square feet, and the median sale price stands at $175,000.
| Metric | 30 Days |
|---|---|
| Number Sold | 10 |
| Sold Per Day | 1 every 3.00 days |
| Average SQFT | 1774 |
| Median Sales Price | $175,000 |
| Average Sales Price | $168,300 |
| Average Price Per SQFT | $119 |
| Average Days on Market | 18 |
| Average Year Built | 1938 |
Salem, NJ Single Family Home Analysis
Within the single-family home segment, 8 homes have been sold, with an average living area of around 1,676 square feet. The median sale price for these homes is $176,500, and they typically spend about 15 days on the market before closing.
| Metric | 30 Days |
|---|---|
| Number Sold | 8 |
| Sold Per Day | 1 every 3.75 days |
| Average SQFT | 1676 |
| Median Sales Price | $176,500 |
| Average Sales Price | $174,125 |
| Average Price Per SQFT | $127 |
| Average Days on Market | 15 |
| Average Year Built | 1933 |
Salem, NJ Condo & Townhome Analysis
In the condo and townhome market, there has been 1 sale, which had an average living area of 888 square feet and a sale price of $115,000. Homes in this segment have an average days on market of 29 days before closing.
| Metric | 30 Days |
|---|---|
| Number Sold | 1 |
| Sold Per Day | 1 every 30.00 days |
| Average SQFT | 888 |
| Median Sales Price | $115,000 |
| Average Sales Price | $115,000 |
| Average Price Per SQFT | $130 |
| Average Days on Market | 29 |
| Average Year Built | 2015 |
Buyer & Seller Analysis
- 1 home sold every 3.00 days on average.
- Homes are on the market for about 18 days on average before closing.
- The average sale price across all homes is $168,300.
- The state does not disclose sale prices.
Conclusion
Overall, the market in Salem shows a diverse range of homes with varying characteristics and pricing. Sellers should be aware of the current market dynamics as they list their properties.