Is Salem, UT 84653 a buyer’s or seller’s market?

The Salem housing market right now

In the three months ending August 31, 2026, 19% of homes in Salem, UT 84653 sold above their list price, the typical home went under contract in 41 days and there were 4.4 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 98 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 28%, homes sold about as fast and the median sale price rose 15% to $554,760. Overall, Salem is less competitive than a year ago, which gives buyers more room.

Within Utah County, homes here sell faster than in 67% of the county’s ZIP codes, and sell more often over asking than in 57%. On our competition score, Salem ranks #28 of 110 UT ZIP codes with enough sales (score 48 out of 100).

Nearby, buyers who want less competition could look at Goshen 84633 (0% sold over asking) or Alpine 84004 (9% sold over asking), while Cedar Valley 84013 (50% sold over asking) and Mapleton 84664 (26% sold over asking) are even more competitive.