Is Salem, IA 52649 a buyer’s or seller’s market?
Salem is a seller’s market. With about 1.6 months of supply and 50% 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.
The Salem housing market right now
In the three months ending August 31, 2026, 50% of homes in Salem, IA 52649 sold above their list price, the typical home went under contract in 107 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. 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 rose from 0%, homes sold more slowly (67 days then) and the median sale price rose 39% to $187,419. Overall, Salem is more competitive than a year ago, so tougher for buyers.
Within Henry County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell more often over asking than in 83%.
Nearby, buyers who want less competition could look at Winfield 52659 (0% sold over asking) or Olds 52647 (0% sold over asking), while Mount Union 52644 (100% sold over asking) is even more competitive.
Run the numbers for 52649
Nearby markets
Mount Pleasant 52641Balanced $112 /sq ftMount Union 52644 $152 /sq ftNew London 52645Seller’s market $113 /sq ftOlds 52647Buyer’s market $120 /sq ft Browse all markets →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 1.6 months of supply in Salem, IA 52649 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 107 days in the latest three months.
Do homes in Salem sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 101.5% of the list price.
What are property taxes in Salem?
About 1.56% of a home’s value a year in Henry County, or roughly $6,240 on a $400,000 home.
What is the median home price in Salem?
The median sale price was $187,419 in the three months ending August 31, 2026, about $99 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