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Foreclosure Homes in Salem, NJ 08070

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Salem, NJ Foreclosures

How much do homes sell for in Salem, NJ?
The average home price is currently $218,026.
In Salem, NJ, how many homes are available?
There are currently 220 active home listings available in Salem.
What’s the average rental cost in Salem, NJ?
The average rental price in Salem is $1,229.
What is the most expensive home in Salem?
The most expensive home sold in Salem had a price of $2,500,000.
What is currently the cheapest priced home in Salem, NJ?
The cheapest home for sale in Salem is priced at $10,022.

Living in Salem, NJ

Salem, NJ is a historic city known for its small-town charm and community-oriented atmosphere. With beautiful parks, local amenities, and accessible transportation, it offers residents a balanced lifestyle between nature and convenience. Ideal for families and individuals seeking a quieter pace of life, Salem is a delightful place to call home.

Current Market Conditions in Salem, NJ

The current real estate market in Salem is showing signs of stability with moderate price growth observed over the past several months. The demand for homes remains steady, particularly among first-time buyers drawn to the area's affordability and community spirit.

The ongoing trend includes a rise in renovation projects, as both potential homeowners and investors see value in the historic properties available in the region. Additionally, new developments are reportedly keeping pace with demand, further enhancing the selection of housing options.

Home Value Estimator For Salem, NJ

There are currently 3,566 real estate properties in Salem, NJ, with a median automated valuation model (AVM) price of $187,758.00. 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, NJ, 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, NJ, is $218,026.00, with the most expensive house in Salem, NJ, topping out at $2,500,000.00 and the cheapest home in Salem, NJ, clocking in at $10,022.00. In other words, there’s something for every potential homebuyer or savvy investor in Salem, NJ!

Rent Prices In Salem, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Salem, NJ, is on a rollercoaster ride. The average rent price in Salem, NJ, is $1,229.00. Indeed, when looking to rent in Salem, NJ, you can expect to pay as little as $750.00 or as much as $2,000.00, with the average rent median estimated to be $1,220.00. The good news is that finding an affordable and desirable property to rent in Salem, NJ -- 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, NJ 08070 Foreclosures

Market Trend for Salem, NJ

Total Listings Available: 220

Market Values:

Home Prices from $10,022 to $2,500,000

Average Sales Price: $218,026

Rental Values:

Rental from $750 to $2,000

Average Rent Value: $1,229 / month

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