Is Salem, MO 65560 a buyer’s or seller’s market?
Salem is a balanced market. With about 4.9 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 27% of U.S. ZIP codes, and #207 of 263 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, 17% of homes in Salem, MO 65560 sold above their list price, the typical home went under contract in 74 days and there were 4.9 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 47 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 14%, homes sold more slowly (63 days then) and the median sale price rose 5% to $196,165. Overall, Salem is about as competitive as it was a year ago.
On our competition score, Salem ranks #207 of 263 MO ZIP codes with enough sales (score 31 out of 100).
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Questions about Salem real estate
Is Salem a buyer’s or seller’s market?
A balanced market: there were 4.9 months of supply in Salem, MO 65560 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 74 days in the latest three months.
Do homes in Salem sell over asking?
17% of homes sold above their original list price, and the typical sale closed at 98.3% of the list price.
What are property taxes in Salem?
About 0.52% of a home’s value a year in Dent County, or roughly $2,080 on a $400,000 home.
What is the median home price in Salem?
The median sale price was $196,165 in the three months ending August 31, 2026, about $120 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