Salem, NM Foreclosures
How much do homes sell for in Salem, NM?
The average home price is currently $195,026.
In Salem, NM, how many homes are available?
There are currently 227 active home listings available in Salem.
What’s the average rental cost in Salem, NM?
The average rental price in Salem is $933.
What is the most expensive home in Salem?
The most expensive home sold in Salem had a price of $906,887.
What is currently the cheapest priced home in Salem, NM?
The cheapest home for sale in Salem is priced at $26,954.
Living in Salem, NM
Salem, NM, is a charming rural town that offers a peaceful lifestyle surrounded by beautiful desert landscapes. It's an ideal location for outdoor enthusiasts and families seeking a tight-knit community. With a variety of local shops and events, Salem combines the tranquility of small-town living with convenient access to nearby amenities.
Current Market Conditions in Salem, NM
The real estate market in Salem, NM, has seen moderate growth over the past year. The demand for rural properties has increased as more people are seeking quiet and spacious living options outside urban areas. Homes in Salem offer good value, often appealing to both families and retirees, with properties priced attractively compared to nearby larger towns.
Investors are also observing trends that suggest potential for continued appreciation, particularly in family-friendly neighborhoods. Currently, available homes range from quaint single-family residences to larger properties with substantial land plots, making Salem an appealing option for various buyers.
Home Value Estimator For Salem, NM
There are currently 325 real estate properties
in Salem, NM,
with a median automated valuation model (AVM) price
of $157,291.00. 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, NM, 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, NM,
is $195,026.00, with the most expensive house
in Salem, NM, topping out
at $906,887.00 and the cheapest home
in Salem, NM,
clocking in at $26,954.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Salem, NM!
Rent Prices
In Salem, NM
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Salem, NM, is on
a rollercoaster ride. The
average rent price in Salem, NM,
is $933.00. Indeed, when looking to rent in
Salem, NM, you can expect to pay as little
as $480.00 or as much
as $1,600.00,
with the average rent median estimated to
be $900.00. The good news is that finding
an affordable and desirable property to rent in Salem, NM
-- 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.
Learn more on Foreclosure homes
