Salem, UT Housing Market

$607,795

4.4% 1-yr

The average Salem, UT home value is $607,795, up 4.4% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Salem Key Takeaways

Typical Home Values: $607,795

1-year Value Change: +4.4%

(Data through March 31, 2025)

Salem Housing Market Overview

--1-year Market Forecast

47For sale inventory(March 31, 2025)

13New listings(March 31, 2025)

--Median sale to list ratio

--Median sale price(February 28, 2025)

$590,648Median list price(March 31, 2025)

--Percent of sales over list price

--Percent of sales under list price

--Median days to pending

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Salem

NameMedian ZHVI
Benjamin$898,322
Palmyra--
Lake Shore$1,000,696
Lakewood$468,118
Spring Creek$369,320
East Bay--
Sunset$494,092
Provost South$459,281
Provo Bay$481,612

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Salem Rental Market Trends

--Average rent in Salem

$2,005National average rent(March 31, 2025)

--Month-over-month change

--Year-over-year change

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.