Is Salem, IN 47167 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.
More competitive than 28% of U.S. ZIP codes, and #272 of 306 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Salem housing market right now
In the three months ending August 31, 2026, 24% of homes in Salem, IN 47167 sold above their list price, the typical home went under contract in 55 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. That’s based on 38 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 9%, homes sold faster (61 days then) and the median sale price fell 16% to $166,828. Overall, Salem is more competitive than a year ago, so tougher for buyers.
Within Washington County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Salem ranks #272 of 306 IN ZIP codes with enough sales (score 32 out of 100).
Nearby, buyers who want less competition could look at Hardinsburg 47125 (0% sold over asking) or Fredericksburg 47120 (0% sold over asking).
Run the numbers for 47167
Nearby markets
Campbellsburg 47108Buyer’s market $181 /sq ftFredericksburg 47120Seller’s market $138 /sq ftHardinsburg 47125Balanced $142 /sq ftPekin 47165Balanced $147 /sq ft Browse all markets →Towns like Salem nearby
Find towns like Salem in other states →Where Salem is
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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, IN 47167 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 55 days in the latest three months.
Do homes in Salem sell over asking?
24% of homes sold above their original list price, and the typical sale closed at 95.8% of the list price.
What are property taxes in Salem?
About 0.63% of a home’s value a year in Washington County, or roughly $2,520 on a $400,000 home.
What is the median home price in Salem?
The median sale price was $166,828 in the three months ending August 31, 2026, about $122 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