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Is Salem, WV 26426 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Salem is a seller’s market. With about 2.6 months of supply and 40% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply2.6Under 4 months = seller’s market
Sold above original list40%Share of sales, last 3 months
Median sale-to-list98.7%Sold price ÷ list price
Median days on market59Listing to accepted offer
Median price per sq ft$108▲ +12.2% vs. last year

The Salem housing market right now

In the three months ending August 31, 2026, 40% of homes in Salem, WV 26426 sold above their list price, the typical home went under contract in 59 days and there were 2.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 10 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (84 days then) and the median sale price fell 14% to $210,144. Overall, Salem is more competitive than a year ago, so tougher for buyers.

Run the numbers for 26426

Prefilled for 26426Can I win this house?Multiple-offer likelihood for a listing Prefilled for 26426Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

West Union 26456Balanced — /sq ft Browse all markets →

Towns like Salem nearby

Find towns like Salem in other states →
Grafton, WV26354 · 29 miles away94% similarVery close on income, prices and more New Martinsville, WV26155 · 30 miles away91% similarolder homes Buckhannon, WV26201 · 27 miles away89% similarpricier homes ($28K more) · larger Saint Marys, WV26170 · 34 miles away89% similarVery close on income, prices and more

Where Salem is

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Questions about Salem real estate

Is Salem a buyer’s or seller’s market?

A seller’s market: there were 2.6 months of supply in Salem, WV 26426 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Salem?

The typical home went under contract in 59 days in the latest three months.

Do homes in Salem sell over asking?

40% of homes sold above their original list price, and the typical sale closed at 98.7% of the list price.

What are property taxes in Salem?

About 0.50% of a home’s value a year in Doddridge County, or roughly $2,000 on a $400,000 home.

What is the median home price in Salem?

The median sale price was $210,144 in the three months ending August 31, 2026, about $108 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology