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Salem Township Housing Market Report July 2025•Steuben County, Indiana

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Housing Prices in Salem Township, IN

How much do homes in Salem Township, IN cost?

Housing Market Conditions

Is Salem Township, IN a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Salem Township is a Seller's Market

Difference Since July 2024

At the same time last year, Salem Township was a Buyer's Market.

Insight

Salem Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$198,715$136/SqFt
+$28,715
+16.9%

Based on all homes sold in the last 12 months

Insight

Homes in Salem Township have sold for 16.9% more than they did a year ago.

Summary: The median home sold price in Salem Township was $198,715 in July 2025, up 16.9% from last year, and the median price per square foot was $136.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJul 2024Jul 2025Change YoY
1-$55K
N/A
2$104.9K$148.5K
+41.6%
3$170K$210K
+23.5%
4-$307K
N/A
5$247K$400K
+61.9%

Summary: Salem Township housing price by bedroom type for July 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +41.6%. The home price for 3 bedroom homes increased by +23.5%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes increased by +61.9%.

How does Salem Township, IN compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Salem Township, IN

Housing supply in Salem Township, IN

How many homes are available in Salem Township, IN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
13Last MonthJul 2025
182 months agoJun 2025
-27.8 %
Change MoMJun – Jul

Summary: The Salem Township real estate market had 13 homes for sale in Jul 2025, a 27.8 % decrease compared to Jun 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
4Last MonthJul 2025
52 months agoJun 2025
-20.0 %
Change MoMJun – Jul

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJun 2025Jul 2025Change MoM
121
-50.0%
221
-50.0%
3108
-20.0%
432
-33.3%
511
0.0%

Summary: Salem Township housing inventory by bedroom type for July 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -50.0%. The inventory for 2 bedroom homes decreased by -50.0%. The inventory for 3 bedroom homes decreased by -20.0%. The inventory for 4 bedroom homes decreased by -33.3%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Salem Township, IN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price3 Homes

At Asking Price0 Home

Under Asking Price0 Home

Insight

If you're buying a home in Salem Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Salem Township in July 2025, down by 20.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and and 100% were sold over asking.

Days on Market for Salem Township, IN

We’re sorry, we don't have information for this market at the moment.

Home sale times aren’t available for this area.

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Newest Listings in Salem Township, IN

What homes are available in Salem Township, IN?

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MLS Disclaimers and Copyright

Based on information from Indiana Regional MLS, and Metro Search MLS for the period 08/01/2023 - 08/01/2025

IDX The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2025 Indiana Regional MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/4/2025, 8:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2025 Metro Search, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/1/2025, 5:20:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.