Real Estate Market Update for Salem, MO
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 24% from one year earlier, and down 17% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 90-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up more than 150%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 40-thousand dollars. The number of units sold was consistent year-over-year, and increased 60% month-over-month. These latest figures could indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Salem, MO
Area Information for Salem, MO
  • Population: 5,019
  • Median Age: 38.8 yr
  • Median Commute Time: 19 mins
  • Educational Climate*: 3
  • Sales Tax: 0%
  • Population Density: 1,581/sq mi
  • Population Change Since 2000: -2.07%
  • Closest Airport: Columbia Regional
  • Closest College: Missouri University Of Science-techlgy
  • Closest Jr. College: Metro Business College-rolla Campus
  • Median Household Income: $30,475
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $0
  • Closest Major Sports Team: St. Louis Blues
  • Change Avg. Household Income Since 2000: 52.56%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Salem, MO
Median Age: 38.8 Married: 31% Number of Households: 2,177 Households with Children: 459
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Salem, MO

      School Name Distance Type Grades School Rating Parent Rating
      Salem Upper Elementary School 1.6 mi Public 2-5 2 0
      Ozark Hills School 2.3 mi Public K-12 0 0
      Wm H Lynch Elementary School 2.5 mi Public PRESCHOOL-1 0 0
      Dent Phelps Elementary School 2.7 mi Public PRESCHOOL-8 2 0
      Oak Hill Elementary School 2.7 mi Public PRESCHOOL-8 2 0
      Salem Sr. High School 2.9 mi Public 9-12 3 0
      Salem Jr. High School 2.9 mi Public 6-8 1 0
      North Wood Elementary School 5.0 mi Public PRESCHOOL-8 2 0
      Green Forest Elementary School 7.5 mi Public K-8 5 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.
      Local Weather for Salem, MO
        Data powered by Attom Data Solutions. Copyright© 2020. Information deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.