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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 $660,022.
In Salem, UT, how many homes are available?
There are currently 21 active home listings available in Salem.
What’s the average rental cost in Salem, UT?
The average rental price in Salem is $2,090.
What is the most expensive home in Salem?
The most expensive home sold in Salem had a price of $4,902,000.
What is currently the cheapest priced home in Salem, UT?
The cheapest home for sale in Salem is priced at $89,562.

Living in Salem, UT

Salem, UT is a beautiful small town known for its scenic views and family-friendly atmosphere. It offers excellent educational institutions and plenty of outdoor activities for all ages. With a tight-knit community and essential amenities nearby, Salem is an attractive option for those seeking a tranquil lifestyle.

Current Market Conditions in Salem, UT

The real estate market in Salem, UT has been experiencing steady growth, driven by the increasing demand for housing in suburban areas. As more people look to move away from larger cities, Salem's affordability and quality of life are making it a sought-after location for new homeowners.

Current trends indicate a balanced market, with a mix of new constructions and existing homes available. Investors may find opportunities in both residential and rental properties, as the community continues to attract families and professionals looking for a peaceful yet connected environment.

Home Value Estimator For Salem, UT

There are currently 2,183 real estate properties in Salem, UT, with a median automated valuation model (AVM) price of $616,474.00. 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 $660,022.00, with the most expensive house in Salem, UT, topping out at $4,902,000.00 and the cheapest home in Salem, UT, clocking in at $89,562.00. 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 $2,090.00. 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: 21

Market Values:

Home Prices from $89,562 to $4,902,000

Average Sales Price: $660,022

Rental Values:

Rental from $980 to $4,130

Average Rent Value: $2,090 / month

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