Property prices for sale in Salem (Utah)

The prices in real estate in Salem, in the Utah region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.

$842,500.33
Average price last 6 months
$2,084
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Salem has had a strong decrease during the last 6 months. In December, the average price per sq.feet was $11,363. In the following month the price per sq.feet decreased considerably to $204. The price for the following two months in (February, March) had a considerable decrease of 4 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 8 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $3,002.75 to $246.5 during April, and May.

Average price

Based upon to the price in Salem (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during December, is $723,182. During January the price went through a considerable rise reaching $1,102,130. In the following two months the average price has remained the same with regard to the previous two months from $912,656 to $912,786.5. During the last two months the average price has had a strong fall compared to the previous four going from $912,721.25 to $702,058.5, which means a 77 % fall.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $757,073 they are 53 % more affordable than the average price for Salem. The properties with the lowest average price have 4 bedrooms, Their price is 48 % cheaper than the average. After that we have properties with 1 bedroom priced at $354,044.

With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $48 / sq.feet, with an average $256 / sq.feet price in Salem. The properties with the lowest average prices have 1 bedroom. They are 77 % cheaper than the average followed by properties with 4 bedrooms with a price at $48 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $757,073 it is 54 % cheaper than the average price in Salem. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $351,922 it is 48 % more affordable than the average price.

According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $48 / sq.feet followed by "Townhouse" priced at $54 / sq.feet. "Townhouse" is the cheapest type of property with a $54 / sq.feet value followed by "House" with an average price of $48 / sq.feet.

Charts data
Average price May
Average price per sq.feet May
Number of properties used in Salem
Number of properties used in region Utah
$757,073
$256
232
156,282
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value