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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 $217,379.
In Salem, NJ, how many homes are available?
There are currently 227 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 quaint and historic city known for its beautiful riverfront and friendly community. With convenient access to highways and a variety of local amenities, it offers a peaceful lifestyle while staying connected to larger urban centers. Families can enjoy outdoor recreational activities and partake in vibrant local events throughout the year.

Current Market Conditions in Salem, NJ

The real estate market in Salem, NJ, has been relatively stable with moderate growth over the past few years. Home prices have shown a consistent increase, making it an appealing area for first-time homebuyers and investors looking for affordable options.

Demand for housing in Salem has been bolstered by families moving to suburban areas post-pandemic, seeking the charm of small-town living with access to city amenities. The market is showing signs of competitiveness, particularly in the entry-level and mid-range price segments.

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 $186,171.00. 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 $217,379.00, 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: 227

Market Values:

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

Average Sales Price: $217,379

Rental Values:

Rental from $750 to $2,000

Average Rent Value: $1,229 / month

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