Market analytics
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
October 2026 · Market Analysis
Salem sellers wait 52 days as big-ticket homes drag out October closings
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Fifty-two days. That was the median time Salem homes took to sell in October, up from 20 in September and 39 a year ago. The median home price was $530,495, with 30 closings against 219 homes for sale. At about 7.5 months of supply, this housing market leans toward buyers, even though sold homes averaged 102.1% of list price. September's lower median came from Viridian's entry-level closings, so the jump in price this month reflects a different mix of homes, not a sudden rise in values.
Market pulse
Speed changed most. Median days on market went from 20 in September to 52 in October, and a quarter of homes took longer than 93 days. Active listings rose from 188 to 219 while closings fell from 60 to 30. The over-$700,000 group took a median 82 days to sell, against 43 days for homes between $400,000 and $700,000. Homes listed at a median $667,000 but closed near $530,000, so recent sales are a better guide than asking prices.
Payment math
Buying at Salem's $530,000 median home price with 20% down costs $2,931 a month in principal and interest at 7.375%, which is $109 less than the $3,040 at 7.75% thirty days ago, but still $271 above April's low of $2,660 when rates averaged 6.42%.
If you're buying
Homes above $700,000 are the slow ones, with a median of 82 days and ten closings in October. Moonlight Village's three sales took a median of 404 days, so long-listed homes there are where a price cut or seller-paid rate help is most plausible. In Viridian, 13 homes closed in a median 29 days at $489,990, so expect less flexibility on new builds.
If you're selling
What your home is worth depends on what closed nearby, and 10 of October's 30 sales went above list. Even so, 11 closed below list and 18 took a price change first, so pricing high and waiting is risky with 219 homes competing. If you're in the $400,000 to $700,000 range, price to recent sales and you will be selling into the faster part of the market.
Outlook
Showings and new listings usually thin out through November and December, which could slow supply growth from 219 homes. Rates have eased from last month's levels, and a further dip could pull a few buyers back. Expect the slower clock to hold into winter, particularly for homes above $700,000.
Watch for
If closings stay near 30 a month while 60 or so new listings keep arriving, supply could pass 8 months by January and push more sellers into price cuts.
"Salem's clock slowed hard in October, and the $700,000-plus homes set the pace."
Common questions about Salem this month
What is the median home price in Salem? ▾
The median home price in Salem was $530,495 in October 2026, from 30 closings. The average sale price was $623,336. It runs higher because ten sales above $700,000 had a median of $847,747. The median list price was $667,000, well above what actually closed.
Is the Salem housing market slowing down? ▾
Yes, in October 2026 it slowed. Median days on market rose from 20 in September to 52, and closings fell from 60 to 30. Active listings grew to 219, about 7.5 months of supply, which gives buyers more choice.
How much is my Salem home worth? ▾
Start from the October median sale price of $530,495 and a sale-to-list ratio of 102.1%. Homes took a median of 52 days to sell. Your own home's value depends on recent comparable sales nearby, and price range matters: homes above $700,000 moved much slower than those between $400,000 and $700,000.
Where are Salem homes selling fastest? ▾
Viridian had the most activity in October 2026, with 13 closings in a median 29 days at a median $489,990. Moonlight Village had three sales that took a median of 404 days at $833,497. Most other neighborhoods had only one sale, so their pace is too thin to read.
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
October 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
31 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 52 · 25th percentile 20 · 75th percentile 92
Needed a price change
Sold listings that had a recorded price change before close
18 of 31 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 13 sold · $490K · 29d
- 2. Moonlight Village 3 sold · 404d
- 3. Salem Fields 2 sold · 22d
- 4. Garrett's Place 1 sold · 300d
- 5. Selman Ridge 1 sold · 63d
- 6. Davis Farms 1 sold · 131d
- 7. Salem Heights 1 sold · 97d
- 8. Woodland View 1 sold · 33d
October 2026 by property type
How each housing type performed last month — 31 closings total across subtypes.
Summary Statistics
| Metric | Oct-26 | Oct-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 31 | 32 | -3.13% | 433 | 358 | +20.95% |
| Median Sale Price | $521,000 | $430,945 | +20.90% | $529,385 | $478,552 | +10.62% |
| Median DOM | 52 | 39 | +33.33% | 34 | 30 | +13.33% |
| Sale-to-List Ratio | 101.99% | 100.07% | +1.92% | 100.03% | 99.79% | +0.24% |
Past months
Browse historical Salem reports — each month's snapshot stays at its own permanent URL.
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.