Market analytics · September 2026 archive
Salem, Utah real estate market report.
Monthly sold prices, days on market, sale-to-list ratio, and absorption rate. Updated nightly from UtahRealEstate.com and the Washington County Board of Realtors.
Updated · Sources: UtahRealEstate.com & Washington County Board of Realtors
September 2026 · Market Analysis
Viridian closings pull Salem's median days on market down to 12
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Salem's housing market moved quickly in September, with a median of 12 days on market, down from 26 in August and 31 a year ago. The median home price was $409,990, below $439,990 in September 2025. Thirty of the 43 closings came from Viridian, so the lower median mostly reflects more entry-level sales. Buyers still have the edge: 207 homes were for sale, about 5 months of supply, and homes sold for 98.5% of list.
Market pulse
Speed is the clearest change. Median days on market dropped from 26 in August to 12 in September, and closings rose from 33 to 43. Supply is the counterweight, with active listings reaching 207 from 142 in June. New listings fell to 48 from 71 in August, so the supply gain slowed. Asking prices still run well above what closes: the median list price was $667,900 against a $409,990 median sale.
Mortgage context
Viridian is where rates matter most. Its median sale was $403,563, so the typical buyer there is financing about $323,000 with 20% down. Above $700,000, only 2 homes sold in September, so higher-priced homes feel the rate more than they show in closings. Rates have risen to 7.5%, up from 7.125% thirty days ago.
Payment math
Buying at Salem's $410,000 median home price with 20% down costs $2,293 a month in principal and interest at 7.5%, which is $84 more than the $2,210 payment at 7.125% thirty days ago, and $237 above April's low, when rates averaged 6.42% and the payment would have been $2,056.
If you're buying
Focus on the $400,000 to $700,000 band, where 23 homes sold at a median of $489,000 after 12 days. Under $400,000, 18 homes sold at a median of $379,990. Twenty-two of 43 homes sold below list, so ask for a price cut or rate help rather than paying asking.
If you're selling
Buyers paid 98.5% of list in September, so price from what has closed rather than from the $667,900 median asking price. In Viridian, 30 homes closed at a median of 11 days, so well-priced homes there move. With 207 homes for sale, outside Viridian you need to compete on price and condition from the first week. That is what your home is worth to buyers right now.
Outlook
Fall usually firms the market briefly before winter. Rates at 7.5% and 207 homes for sale suggest buyers keep their negotiating room. New listings fell to 48 in September, so supply growth may slow as the weather cools.
Watch for
If new listings return to the 71 a month seen in August while closings stay near 43, supply would move toward 6 months, and sale-to-list would likely slip below 98%.
"Salem sold fast in September, but mostly at the entry level and with more homes waiting."
Common questions about Salem this month
What is the median home price in Salem? ▾
The median home price in Salem was $409,990 in September 2026, below $439,990 a year earlier. The average sale price was $459,924. The average is higher because 2 sales above $700,000, at a median $850,970, pull it up. The median list price was $667,900.
Is the Salem housing market slowing down? ▾
Not in speed. Salem homes sold in a median of 12 days in September, against 26 in August. But supply is higher, with 207 active listings versus 166 a year ago, and homes sold for 98.5% of list. That leans toward buyers.
How much is my Salem home worth? ▾
Start from September's median sale of $409,990 and 98.5% sale-to-list ratio. Entry-level Viridian homes closed around $403,563, while the $400,000 to $700,000 band had a median of $489,000. Your own value depends on what similar homes near you sold for recently.
Where are Salem homes selling fastest? ▾
Viridian had the most activity in September, with 30 sales at a median of $403,563 and 11 days on market. Arrowhead Springs had 3 sales at a median of $489,000, with a median of 0 days, which suggests presales or off-market deals. Most other neighborhoods had only one or two sales.
Number of Listings
Active inventory · new listings · sold per month
Listing Prices
Active median list · new median list · sold median sale
Absorption Rate
Months of supply — active inventory ÷ monthly sold rate
Sale-to-List Ratio
Close price ÷ list price — buyer/seller leverage
Days on Market
Median days from listing to under contract
Price Volume
Total dollar volume — active · new · sold per month
September 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
60 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 20 · 25th percentile 8 · 75th percentile 38
Needed a price change
Sold listings that had a recorded price change before close
18 of 60 sold homes had at least one price change while listed. Lower = sellers are pricing right the first time.
Sales by price band
Closed-price bucket → sold count and median days to contract
Top neighborhoods this month
Named subdivisions ranked by homes sold · median price · median days to contract
- 1. Viridian 44 sold · $410K · 18d
- 2. Arrowhead Springs 3 sold · 34d
- 3. Salem Park 2 sold · 48d
- 4. Moonlight Village 2 sold · 36d
- 5. Carson Ridge 1 sold · 0d
- 6. Timber Ranch 1 sold · 40d
- 7. Salem Fields 1 sold · 38d
- 8. Central Park 1 sold · 105d
September 2026 by property type
How each housing type performed last month — 60 closings total across subtypes.
Summary Statistics
| Metric | Sep-26 | Sep-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 60 | 54 | +11.11% | 402 | 326 | +23.31% |
| Median Sale Price | $414,990 | $439,990 | -5.68% | $530,031 | $483,226 | +9.69% |
| Median DOM | 20 | 31 | -35.48% | 32 | 29 | +10.34% |
| Sale-to-List Ratio | 98.71% | 100.66% | -1.94% | 99.88% | 99.76% | +0.12% |
Sources: UtahRealEstate.com and the Washington County Board of Realtors, aggregated by Best Utah Real Estate. Sale-to-list ratio compares closing price to the final list price (post-reduction). Absorption rate = active inventory ÷ monthly sold rate.