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Foreclosure Homes in Salem, AR

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Salem, AR Foreclosures

How much do homes sell for in Salem, AR?
The average home price is currently $150,559.
In Salem, AR, how many homes are available?
There are currently 5 active home listings available in Salem.
What’s the average rental cost in Salem, AR?
The average rental price in Salem is $949.
What is the most expensive home in Salem?
The most expensive home sold in Salem had a price of $1,366,017.
What is currently the cheapest priced home in Salem, AR?
The cheapest home for sale in Salem is priced at $10,997.

Living in Salem, AR

Salem, Arkansas, is a quaint town surrounded by the lush Ozark Mountains. With a strong sense of community, residents enjoy a rural setting with all necessary amenities nearby. The area provides ample recreational opportunities and a peaceful lifestyle.

Current Market Conditions in Salem, AR

The current real estate market in Salem, AR, is experiencing a modest upswing. With an average home price stabilization and increasing buyer interest, it showcases opportunities for both buyers and sellers. The town's affordability and quality of life attract new residents, emphasizing the market's trend towards growth.

Properties in Salem have seen a steady increase in value due to the scenic surroundings and the community's appeal. As more people discover this hidden gem, the demand for homes has begun to rise, leading to a favorable market for sellers.

Home Value Estimator For Salem, AR

There are currently 1,805 real estate properties in Salem, AR, with a median automated valuation model (AVM) price of $125,515.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Salem, AR, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Salem, AR, is $150,559.00, with the most expensive house in Salem, AR, topping out at $1,366,017.00 and the cheapest home in Salem, AR, clocking in at $10,997.00. In other words, there’s something for every potential homebuyer or savvy investor in Salem, AR!

Rent Prices In Salem, AR

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Salem, AR, is on a rollercoaster ride. The average rent price in Salem, AR, is $949.00. Indeed, when looking to rent in Salem, AR, you can expect to pay as little as $390.00 or as much as $2,420.00, with the average rent median estimated to be $920.00. The good news is that finding an affordable and desirable property to rent in Salem, AR -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Salem, AR Foreclosures

Market Trend for Salem, AR

Total Listings Available: 5

Market Values:

Home Prices from $10,997 to $1,366,017

Average Sales Price: $150,559

Rental Values:

Rental from $390 to $2,420

Average Rent Value: $949 / month

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