The Salem housing market is showing balanced conditions with stable prices and moderate inventory levels. The median home price in Salem currently stands at $136,000. With 4.0 months of supply, Salem's inventory levels remain relatively tight. Homes are taking about 49 days to sell, which is 0 days longer than this time last year. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Salem market with the affordability index at 554.0. Based on current market indicators, home prices in Salem are projected to increase by approximately 27.3% over the next month.