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 Test Score Rank
Central High School (Salem) Central School Of Westosha Public 1217 17 CENTRAL HIGH SCHOOL GreatSchools Rating
Salem Elementary School (Salem) Salem School District Public 967 18 SALEM ELEMENTARY SCHOOL GreatSchools Rating
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Demographics

Population Demographics

  City County State
Total Population 8,770 170,146 5,852,878
Total Households 3,368 64,044 2,349,819
Total Families 2,497 43,047 1,516,725
Percent Male 51% 50% 50%
Percent Female 49% 50% 50%
White Collar Jobs 62% 55% 58%
Blue Collar Jobs 38% 45% 42%

Top Occupations

Professions Population Employed
Professional Services 342
Sales 186
Healthcare 176
Food 129
Maintenance 98
Education 93
Transportation 91
Management 82
Social Services 56
Arts and Media 53

Male Female Breakdown

Population Age

White vs Blue Collar Jobs

Top Professions

Work Transportation Method

Household Income

Housing Demographics

  City County State
Total Housing Units
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Owner Occupied Housing Units 2,776 43,714 1,601,729
Renter Occupied Housing Units 592 20,330 748,090
Vacant Housing Units 409 6,334 311,518
Occupancy Rate 89% 87% 84%

Commute Time To Work

2
  City County State
Less than 5 minutes 105 2,686 135,725
5 - 15 minutes 719 21,366 877,463
15 - 30 minutes 1,176 21,965 975,154
30 - 45 minutes 920 11,880 370,565
45-60 minutes 510 6,492 120,537
Over 60 minutes 532 6,037 113,603

Total Housing Units

Housing By Occupant

Commute Time To Work

Age of Homeowners

Education Attainment

  City County State
Some High School 410 7,780 224,571
High School Graduate 2,139 36,483 1,256,597
Some College 1,518 26,055 833,955
Associates Degree 525 11,363 410,260
Bachelors Degree 883 18,541 747,113
Graduate Degree 410 9,750 384,121

Education Attainment


Market Conditions
Market Conditions for Salem - January 2020 | Shorewest Realtors®
January 2020

Market Conditions for Salem

Median Sale Price Graph

Median Sale Price

The median sale price for homes in January was $360,000. The median sales price for homes in January rose by $60,000 compared to last month. This represents a 20% increase from December. Compared to the same month last year, the median price of homes rose by $186,500 representing a 107.49% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Homes for Sale Graph

Homes for Sale

The inventory of homes for sale remained level in January to 6. Compared to the same month last year when there were 54 homes for sale, the inventory of homes for sale has fallen by 48 representing a -88.88% 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 3 homes sold in January was the same as in December. Compared to the same month last year, the number of homes sold decreased by 4, a -57.14% 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 January (87) increased by 40 days compared to December. This represents a 85.1% increase 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 increased by 42, a 93.33% 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 91.16% in January fell by 4.76% compared to December and decreased 8.88% 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 January (1) rose by 1 compared to December, a % change. Compared to January 2019, the number of new listings decreased by 17, a -94.44% 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 January was $250,000. The median list price for homes in January rose by $250,000 compared to last month. This represents a % increase from December. Compared to the same month last year, the median list price of homes increased $18,000 representing a 7.75% year-over-year increase.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.




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All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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