Housing in Salem, SD
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — December 2025Median Sale Price
$190,000
Median List Price
$220,000
Price Per Sq Ft
$105
Days on Market
125
Active Inventory
3
Months of Supply
1.5
Seller's market
Zillow Home Value
$233,239
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
50.0%
Sale-to-List Ratio
88.3%
Buyer's market
Market Activity
Source: RedfinHomes Sold
2
New Listings
1
Pending Sales
2
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$105
Median List $/SF
$177
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
$163,500
Median Rent
$880
Total Housing Units
620
Vacancy Rate
14.3%
Owner Occupied
70.2%
Renter Occupied
29.8%
Median Property Tax
$1,797
per year
Monthly Cost (w/ Mortgage)
$779
Housing Types
The current median sale price in Salem, SD is $190,000 according to Redfin data. Homes spend a median of 125 days on the market. 0.0% of homes sold above asking price. The market has 1.5 months of supply. The median price per square foot is $105. The median rent is $880 per month (Census ACS). About 70.2% of housing units are owner-occupied. The median year homes were built is 1972. There are 620 total housing units.