$3,088 Closing Credit¹
#22504544, Bonnie Sabers, Listing office: Bonafide Real Estate LLC
Salem Housing Market Report May 2025•McCook County, South Dakota
Housing Prices in Salem, SD
How much do homes in Salem, SD cost?
Median List Price
$197,000$154/SqFt
-$25,500
-11.5%
Based on all homes listed in May 2025
Insight
The list price of homes in Salem has decreased by 11.5% since April.
Summary: The median home list price in Salem was $197,000 in May 2025, down 11.5% from the previous month, and the median price per square foot was $154.
Median List Price By Cities
| City | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| Salem Township | $222.5K | $197K | -11.5% |
| Salem | $222.5K | $197K | -11.5% |
Median List Price By Bedrooms
| Beds | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | - | $79.9K | N/A |
| 22 Bedrooms | $199.2K | $148.5K | -25.5% |
| 33 Bedrooms | $247K | $197K | -20.2% |
| 44 Bedrooms | - | $225K | N/A |
| 55+ Bedrooms | - | $249.9K | N/A |
Summary: Salem housing price by bedroom type for May 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -25.5%. The home price for 3 bedroom homes decreased by -20.2%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.
How does Salem, SD compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Salem, SD
Housing supply in Salem, SD
How many homes are available in Salem, SD?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 10Last MonthMay 2025 | ||
| 42 months agoApr 2025 | +150.0 % Change MoMApr – May |
Summary: The Salem real estate market had 10 homes for sale in May 2025, a 150.0 % increase compared to Apr 2025.
Homes For Sale By Bedroom Count
| Beds | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 1 | +100.0% |
| 22 Bedrooms | 2 | 3 | +50.0% |
| 33 Bedrooms | 2 | 4 | +100.0% |
| 44 Bedrooms | 0 | 1 | +100.0% |
| 55+ Bedrooms | 0 | 1 | +100.0% |
Summary: Salem housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes increased by +50.0%. The inventory for 3 bedroom homes increased by +100.0%. The inventory for 4 bedroom homes increased by +100.0%. The inventory for 5 bedroom homes increased by +100.0%.
Days on Market for Salem, SD
How long does it take to sell a home in Salem, SD?
Average Listing Age
| Last Month | 1 month ago | Change MoM |
|---|---|---|
| 70 DaysLast MonthMay 2025 | ||
| 118 Days1 month agoApr 2025 | -41.1 % Change MoMApr – May |
Summary: Homes in Salem had an average listing age of 70 days in May 2025, down by 41.1% compared to the previous month.
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Newest Listings in Salem, SD
What homes are available in Salem, SD?
$4,156 Closing Credit¹
#22504298, Bonnie Sabers, Listing office: Bonafide Real Estate LLC
$1,128 Closing Credit¹
#22504005, Michelle Fox, Listing office: Bonafide Real Estate LLC
$2,838 Closing Credit¹
#22503532, Bonnie Sabers, Listing office: Bonafide Real Estate LLC
$2,493 Closing Credit¹
#22503524, Christa Helma, Listing office: Priority Real Estate
$949 Closing Credit¹
#22503283, Cole Shawd, Listing office: Bender REALTORS
$2,316 Closing Credit¹
#22409063, Bonnie Sabers, Listing office: Bonafide Real Estate LLC
$2,969 Closing Credit¹
#22407161, Clay Wilhelm, Listing office: The Experience Real Estate
Nearby markets
Nearby markets aren't available for Salem, SD
Popular Cities with Homes for Sale in South Dakota
MLS Disclaimers and Copyright
Based on information from Sioux Empire MLS, for the period 04/01/2025 - 06/01/2025
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR® Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by other brokerage firms are marked with the Internet Data Exchange™ logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. 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. The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The REALTOR® Association of the Sioux Empire, Inc. does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. 
©2025 REALTOR® Association of the Sioux Empire, Inc. Multiple Listing Service. 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: 6/25/2025, 10:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.