Salem, SC Foreclosures
How much do homes sell for in Salem, SC?
The average home price is currently $751,673.
In Salem, SC, how many homes are available?
There are currently 3 active home listings available in Salem.
What’s the average rental cost in Salem, SC?
The average rental price in Salem is $1,632.
What is the most expensive home in Salem?
The most expensive home sold in Salem had a price of $6,387,793.
What is currently the cheapest priced home in Salem, SC?
The cheapest home for sale in Salem is priced at $12,062.
Living in Salem, SC
Salem, SC, is a picturesque small town located in the foothills of the Blue Ridge Mountains. It offers a serene environment with abundant outdoor activities, friendly community vibes, and quality schools. With access to stunning natural landscapes, including Lake Jocassee, residents find both adventure and tranquility in this charming locale.
Current Market Conditions in Salem, SC
The real estate market in Salem, SC, demonstrates a steady growth trend, with property values appreciating modestly over the past year. The demand for homes has increased, driven by those seeking peaceful living near nature. Many buyers are attracted to the area's recreational opportunities and scenic beauty, contributing to the rise in interest in residential properties.
Homes in Salem range from charming cottages to larger family homes, catering to a variety of buyers. Listings generally reflect a competitive market, with homes not staying on the market long, particularly those that are well-maintained and updated.
Home Value Estimator For Salem, SC
There are currently 3,279 real estate properties
in Salem, SC,
with a median automated valuation model (AVM) price
of $519,146.00. 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, SC, 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, SC,
is $751,673.00, with the most expensive house
in Salem, SC, topping out
at $6,387,793.00 and the cheapest home
in Salem, SC,
clocking in at $12,062.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Salem, SC!
Rent Prices
In Salem, SC
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Salem, SC, is on
a rollercoaster ride. The
average rent price in Salem, SC,
is $1,632.00. Indeed, when looking to rent in
Salem, SC, you can expect to pay as little
as $520.00 or as much
as $2,820.00,
with the average rent median estimated to
be $1,590.00. The good news is that finding
an affordable and desirable property to rent in Salem, SC
-- 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
