Salem, NJ housing market
The typical Salem home is worth about $235,000, about the same as a year ago, 60% below the New Jersey typical home. Homes typically sell in 107 days, below asking.
Home values, sales, trends and how Salem compares with the towns next door — updated as new data is published.
Salem at a glance
A balanced market
About 5 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | Salem | New Jersey |
|---|---|---|
| 2017 | $118,000 | $317,000 |
| 2018 | $116,000 | $330,000 |
| 2019 | $113,000 | $343,000 |
| 2020 | $123,000 | $358,000 |
| 2021 | $154,000 | $394,000 |
| 2022 | $179,000 | $441,000 |
| 2023 | $195,000 | $471,000 |
| 2024 | $218,000 | $511,000 |
| 2025 | $232,000 | $551,000 |
| 2026 | $234,000 | $568,000 |
| August 2026 | $235,000 | $580,000 |
Salem and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Salem | $235K | −0.3% | 107 | $38,721 |
| Pennsville | $279K | +3% | 35 | $75,097 |
| Quinton | $281K | +8.4% | — | $86,563 |
6.1 years of income
The typical Salem home costs about 6.1 years of the town's median household income, more than across New Jersey (5.6 years).
How Salem ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.