How much does it cost to buy a house in Salem, KY?

In July 2026 Salem homes were listed to buy for a median price of $380K, which is a 18% decrease to June 2025 last month, and a 17% decrease to July 2025 last year. The median value of a home listed to buy in Salem in July 2026 was $142 per sqft, which is a 5% decrease to June 2025 last month, and a 5% decrease to July 2025 last year.

Is it affordable or expensive to live in Salem, KY?

It is affordable to live in Salem. Buying a home in Salem is 1% less expensive compared with the national average.

Is it a good time to buy property in Salem, KY?

Yes now is a good time to buy property in Salem, in July 2026, homes in Salem have decreased in value (price per sqft) by 5% in the last year compared with July 2025.

Is the Salem, KY housing market slowing down?

In July 2026, homes to buy in Salem spent an median 179 days on the market, a same July 2025 last year.

How much money should I make to buy a house in Salem, KY?

In July 2026, Salem homes were listed to buy for a median price of $380K, with 25% down you would need $2.08K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $71.4K.

Is it a good time to sell my house in Salem, KY?

Yes now is a good time to sell your house in Salem, in July 2026, homes in Salem have decreased in value (price per sqft) by 5% in the last year compared with July 2025.