Housing in Salem, NJ
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$150,000
Median List Price
$144,000
Price Per Sq Ft
$58
Days on Market
61
Active Inventory
36
Months of Supply
7.2
Buyer's market
Zillow Home Value
$222,035
ZHVI — January 2026
Zillow Rent Index
$1,550
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
40.0%
Off Market in 2 Weeks
66.7%
Sale-to-List Ratio
94.8%
Buyer's market
Market Activity
Source: RedfinHomes Sold
5
New Listings
10
Pending Sales
3
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$58
Median List $/SF
$74
Salem vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Salem is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$69,300
Median Rent
$992
Total Housing Units
2,889
Vacancy Rate
23.3%
Owner Occupied
34.7%
Renter Occupied
65.3%
Median Property Tax
$3,487
per year
Monthly Cost (w/ Mortgage)
$911
Housing Types
The current median sale price in Salem, NJ is $150,000 according to Redfin data. Homes spend a median of 61 days on the market. 40.0% of homes sold above asking price. The market has 7.2 months of supply. The median price per square foot is $58. Zillow's observed rent index is $1,550/month. About 34.7% of housing units are owner-occupied. The median year homes were built is 1943. There are 2,889 total housing units.