Is Salem, NY 12865 a buyer’s or seller’s market?

The Salem housing market right now

In the three months ending August 31, 2026, 13% of homes in Salem, NY 12865 sold above their list price, the typical home went under contract in 62 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 16 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 44%, homes sold more slowly (34 days then) and the median sale price rose 5% to $218,605. Overall, Salem is less competitive than a year ago, which gives buyers more room.

Within Washington County, homes here sell more slowly than in 65% of the county’s ZIP codes, and sell less often over asking than in 59%. On our competition score, Salem ranks #573 of 649 NY ZIP codes with enough sales (score 29 out of 100).

Nearby, buyers who want less competition could look at Shushan 12873 (0% sold over asking) or Putnam Station 12861 (0% sold over asking), while Argyle 12809 (57% sold over asking) and Fort Edward 12828 (55% sold over asking) are even more competitive.