Salem, WI Real Estate

Located west of Kenosha, the town of Salem provides a small and country style atmosphere. Populated by 8,953 people, Salem has become a developing community with a rural quality of life. The town maintains nine gorgeous lakes that offer year round recreational opportunities. The location of the town provides easy access to Milwaukee or Chicago via I-94.

The Salem housing market offers a wide selection of single-family homes. Houses for sale in the area include three-bedroom Ranches, fantastic four-bedroom Contemporaries, well maintained 5-bedroom homes with a magnificent landscape and Lakefront homes. The average price of a home in Salem is $179,900 with a cost of living that is 9.40 percent lower than the U.S. average.

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The town takes pride in interacting with its residents and holding a variety of events. The community has summer festivals, art shows, runs for charity and events geared towards the kids. The Community Library conducts programs and events that the family can enjoy.

The nine area lakes are paradises for anyone who loves the outdoors. Activities in the lake areas include camping, boating, hiking and fishing. Northern Pike, Bass, Walleye and the well known Catfish are only a few of the great catches that come out of the area’s bodies of water. Visitors of the lakes are welcomed year round and even hold ice fishing derbies during the winter season.

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Salem properties for sale

Schools
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Salem Elementary School (Salem) Salem School District public 996 Not Provided Salem Elementary School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Central High School (Salem) Central Westosha Uhs School District public 1173 Not Provided Central High School GreatSchools Rating
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Market Conditions
Market Conditions for Salem - November 2019 | Shorewest Realtors®
November 2019

Market Conditions for Salem

Median Sale Price Graph

Median Sale Price

The median sale price for homes in November was $230,950. The median sales price for homes in November rose by $42,150 compared to last month. This represents a 22.32% increase from October. Compared to the same month last year, the median price of homes rose by $41,950 representing a 22.19% year-over-year change.

Homes for Sale Graph

Homes for Sale

The inventory of homes for sale fell by 3 in November to 11. This represents 21.42% decrease from October when 14 homes were on the market. Compared to the same month last year when there were 56 homes for sale, the inventory of homes for sale has fallen by 45 representing a -80.35% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold Graph

Homes Sold

The 2 homes sold in November was 1 less than in October. This represents a 33.33% decrease in sales from October. Compared to the same month last year, the number of homes sold decreased by 8, a -80% year-over-year decrease.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Average Days on Market Graph

Avg Days on Market

The average days on market for a home sold in November (29) decreased by 50 days compared to October. This represents a 63.29% decrease in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold decreased by 44, a -60.27% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

Sale/List Price Ratio

The Sale/List Price Ratio of 93.36% in November rose by 8.06% compared to October and decreased 0.08% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes Graph

New Homes

The number of homes listed in November (2) fell by 3 compared to October, a 60% change. Compared to November 2018, the number of new listings decreased by 13, a -86.66% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Graph

Median List Price

The median list price in November was $212,400. The median list price for homes in November fell by ($37,500) compared to last month. This represents a 15% decrease from October. Compared to the same month last year, the median list price of homes increased $37,400 representing a 21.37% year-over-year increase.




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