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Salem Housing Market Report June 2025•Oconee County, South Carolina

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Housing Prices in Salem, SC

How much do homes in Salem, SC cost?

Housing Market Conditions

Is Salem, SC 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 is a Neutral Market

Difference Since June 2024

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

Insight

Salem is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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.
$553,500$269/SqFt
-$41,000
-6.9%

Based on all homes sold in the last 12 months

Insight

Homes in Salem have sold for 6.9% less than they did a year ago.

Summary: The median home sold price in Salem was $553,500 in June 2025, down 6.9% from last year, and the median price per square foot was $269.

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.
BedsJun 2024Jun 2025Change YoY
1--
N/A
2$302.5K$408K
+34.9%
3$525K$515K
-1.9%
4$900K$911.5K
+1.3%
5$1.6M$2.0M
+21.2%

Summary: Salem housing price by bedroom type for June 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 +34.9%. The home price for 3 bedroom homes decreased by -1.9%. The home price for 4 bedroom homes increased by +1.3%. The home price for 5 bedroom homes increased by +21.2%.

How does Salem, SC compare with other places?

Market comparison tool

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

Salem, SC

Housing supply in Salem, SC

How many homes are available in Salem, SC?

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
108Last MonthJun 2025
1022 months agoMay 2025
+5.9 %
Change MoMMay – Jun

Summary: The Salem real estate market had 108 homes for sale in Jun 2025, a 5.9 % increase compared to May 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
16Last MonthJun 2025
132 months agoMay 2025
+23.1 %
Change MoMMay – Jun

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.
BedsMay 2025Jun 2025Change MoM
100
0.0%
21818
0.0%
33836
-5.3%
43844
+15.8%
5810
+25.0%

Summary: Salem housing inventory by bedroom type for June 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -5.3%. The inventory for 4 bedroom homes increased by +15.8%. The inventory for 5 bedroom homes increased by +25.0%.

Asking Price vs. Sold Price

How much do homes in Salem, SC 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 Price1 Home

At Asking Price2 Homes

Under Asking Price12 Homes

Insight

If you're buying a home in Salem, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Salem in June 2025, up by 23.1% month-over-month. Of the 15 sold homes, 80% were sold under asking, 13% were sold at asking, and and 7% were sold over asking.

Days on Market for Salem, SC

How long does it take to sell a home in Salem, SC?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days6 Homes

Over 90 Days6 Homes

Insight

Avg time on Rocket Homes in Salem has remained consistent over time.

Summary: During June 2025, 16 homes were sold in Salem; 0% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
107 DaysThis YearJun 2025
76 Days1 year agoJun 2024
+41.4 %
Change YoYJun 2024 – Jun 2025

Summary: Homes in Salem had an average listing age of 107 days in Jun 2025, up by 41.4% compared to the previous year.

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Newest Listings in Salem, SC

What homes are available in Salem, SC?

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Nearby markets

Nearby markets aren't available for Salem, SC

Popular Cities with Homes for Sale in South Carolina

MLS Disclaimers and Copyright

Based on information from Western Upstate MLS, Greater Greenville MLS, and CHS MLS for the period 07/01/2023 - 07/01/2025

© 2025 Western Upstate Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this Web site comes in part from the Broker Reciprocity Program of the Western Upstate Association of REALTORS®, Inc. and the Western Upstate Multiple Listing Service, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

This information is deemed reliable, but not guaranteed. Neither the Western Upstate Association of REALTORS®, Inc. or Western Upstate Multiple Listing Service of South Carolina, Inc., nor the listing broker, nor their agents or subagents are responsible for the accuracy of this information. The buyer is responsible for verifying all information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/20/2025, 12:45:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Listing provided courtesy of Greater Greenville Association of Realtors® Internet Data Exchange Database. © 2025 GGAR MLS.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GGAR MLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. GGAR MLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/20/2025, 12:45:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the CHS Multiple Listing Service. Those properties marked with the CHS MLS Approved logo are provided courtesy of the CHS MLS Broker Reciprocity Database. Information being provided is 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. The data deemed reliable but not guaranteed accurate by the MLS.
Copyright © 2025 Charleston Trident Association of REALTORS®
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/20/2025, 12:45:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.