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Foreclosure Homes in Salem, UT

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Salem, UT Foreclosures

How much do homes sell for in Salem, UT?
The average home price is currently $667,986.
In Salem, UT, how many homes are available?
There are currently 12 active home listings available in Salem.
What’s the average rental cost in Salem, UT?
The average rental price in Salem is $2,088.
What is the most expensive home in Salem?
The most expensive home sold in Salem had a price of $5,508,680.
What is currently the cheapest priced home in Salem, UT?
The cheapest home for sale in Salem is priced at $112,164.

Living in Salem, UT

Salem, Utah is a charming small town located in Utah County, known for its beautiful landscapes and family-oriented community. It offers a peaceful suburban lifestyle with convenient access to outdoor activities like hiking, fishing, and biking. The town boasts friendly neighborhoods and a growing economy, making it an ideal place for families and individuals seeking a close-knit community.

Current Market Conditions in Salem, UT

The real estate market in Salem has been experiencing steady growth as more people discover the benefits of living in this scenic area. Homes are in demand, and many buyers are attracted to the town's family-friendly atmosphere and outdoor accessibility.

Recent trends indicate a shift towards more new constructions, with developers looking to meet the needs of the growing population. Prices have seen a moderate increase, aligning with the overall trend in Utah County which is experiencing population growth and economic development.

Home Value Estimator For Salem, UT

There are currently 2,247 real estate properties in Salem, UT, with a median automated valuation model (AVM) price of $613,080.00. 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, UT, 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, UT, is $667,986.00, with the most expensive house in Salem, UT, topping out at $5,508,680.00 and the cheapest home in Salem, UT, clocking in at $112,164.00. In other words, there’s something for every potential homebuyer or savvy investor in Salem, UT!

Rent Prices In Salem, UT

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Salem, UT, is on a rollercoaster ride. The average rent price in Salem, UT, is $2,088.00. Indeed, when looking to rent in Salem, UT, you can expect to pay as little as $980.00 or as much as $4,130.00, with the average rent median estimated to be $2,040.00. The good news is that finding an affordable and desirable property to rent in Salem, UT -- 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, UT Foreclosures

Market Trend for Salem, UT

Total Listings Available: 12

Market Values:

Home Prices from $112,164 to $5,508,680

Average Sales Price: $667,986

Rental Values:

Rental from $980 to $4,130

Average Rent Value: $2,088 / month

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