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Condo Foreclosures in Salem, AR 72576

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Salem, AR Foreclosures

How much do homes sell for in Salem, AR?
The average home price is currently $162,983.
What’s the average rental cost in Salem, AR?
The average rental price in Salem is $946.
What is the most expensive home in Salem?
The most expensive home sold in Salem had a price of $1,516,350.
What is currently the cheapest priced home in Salem, AR?
The cheapest home for sale in Salem is priced at $11,047.

Living in Salem, AR

Salem, Arkansas is a quaint community set in the heart of the Ozark Mountains. With its scenic beauty and a strong sense of community, Salem is ideal for those looking for a peaceful town to call home. Residents enjoy outdoor activities, affordable living, and a welcoming atmosphere.

Current Market Conditions in Salem, AR

The real estate market in Salem, AR has shown stable growth over the past couple of years. With a balanced supply and demand, homes are selling at a steady pace. The affordable prices attract buyers looking for a great deal, making it a favorable market for first-time homebuyers.

Recent trends suggest an increase in new constructions, indicating a developing interest in the area. Furthermore, Salem's market remains competitive, with homes pricing ranging from budget-friendly options to higher-end listings.

Home Value Estimator For Salem, AR

There are currently 2,061 real estate properties in Salem, AR, with a median automated valuation model (AVM) price of $137,744.00. 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 $162,983.00, with the most expensive house in Salem, AR, topping out at $1,516,350.00 and the cheapest home in Salem, AR, clocking in at $11,047.00. 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 $946.00. 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 72576 Condos

Market Trend for Salem, AR

Total Listings Available: 0

Market Values:

Home Prices from $11,047 to $1,516,350

Average Sales Price: $162,983

Rental Values:

Rental from $390 to $2,420

Average Rent Value: $946 / month

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