Is Salem, KY 42078 a buyer’s or seller’s market?
Salem is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Salem housing market right now
In the three months ending August 31, 2026, 0% of homes in Salem, KY 42078 sold above their list price, the typical home went under contract in 26 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (264 days then) and the median sale price fell 8% to $113,451. Overall, Salem is more competitive than a year ago, so tougher for buyers.
Within Livingston County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.
Nearby, Smithland 42081 (50% sold over asking) and Ledbetter 42058 (20% sold over asking) are even more competitive.
Run the numbers for 42078
Nearby markets
Burna 42028 — /sq ftGrand Rivers 42045Buyer’s market $90 /sq ftLedbetter 42058Buyer’s market $128 /sq ftSmithland 42081Balanced $128 /sq ft Browse all markets →Towns like Salem nearby
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Questions about Salem real estate
Is Salem a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Salem, KY 42078 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 26 days in the latest three months.
Do homes in Salem sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.3% of the list price.
What are property taxes in Salem?
About 0.61% of a home’s value a year in Livingston County, or roughly $2,440 on a $400,000 home.
What is the median home price in Salem?
The median sale price was $113,451 in the three months ending August 31, 2026, about $98 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