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Cheap Homes in Salem, WI

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Salem, WI Foreclosures

How much do homes sell for in Salem, WI?
The average home price is currently $423,951.
What’s the average rental cost in Salem, WI?
The average rental price in Salem is $1,453.
What is the most expensive home in Salem?
The most expensive home sold in Salem had a price of $4,132,060.
What is currently the cheapest priced home in Salem, WI?
The cheapest home for sale in Salem is priced at $22,988.

Living in Salem, WI

Salem, WI, is a charming rural community in Kenosha County that offers residents a peaceful lifestyle while being close to urban conveniences. With its numerous parks, family-friendly activities, and a strong sense of community, Salem is perfect for those seeking a balance of tranquility and accessibility. Its strategic location provides easy access to surrounding cities for both work and leisure.

Buyer vs Seller Market in Salem, WI

The real estate market in Salem is currently characterized by steady demand and limited inventory, which results in competitive pricing. Homes in the area are in high demand due to the appealing lifestyle, and as a result, many listings receive multiple offers shortly after hitting the market.

In recent months, real estate prices have seen a gradual rise, indicating a healthily growing market. Investors and first-time home buyers are actively seeking properties, particularly single-family homes, and market activity remains strong as families look for spacious living in a quieter environment.

Home Value Estimator For Salem, WI

There are currently 3,952 real estate properties in Salem, WI, with a median automated valuation model (AVM) price of $335,625.00. 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, WI, 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, WI, is $423,951.00, with the most expensive house in Salem, WI, topping out at $4,132,060.00 and the cheapest home in Salem, WI, clocking in at $22,988.00. In other words, there’s something for every potential homebuyer or savvy investor in Salem, WI!

Rent Prices In Salem, WI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Salem, WI, is on a rollercoaster ride. The average rent price in Salem, WI, is $1,453.00. Indeed, when looking to rent in Salem, WI, you can expect to pay as little as $680.00 or as much as $3,440.00, with the average rent median estimated to be $1,400.00. The good news is that finding an affordable and desirable property to rent in Salem, WI -- 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.

Cheap Homes in Salem, WI


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