Is Salem, CT 06420 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Salem is a seller’s market. With about 1.4 months of supply and 59% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply1.4Under 4 months = seller’s market

Sold above original list59.2%Share of sales, last 3 months

Median sale-to-list101.2%Sold price ÷ list price

Median days on market31Listing to accepted offer

Median price per sq ft$245▲ +4.7% vs. last year

Run the numbers for 06420

Prefilled for 06420Can I win this house?Multiple-offer likelihood for a listing Prefilled for 06420Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Baltic 06330Seller’s market $236 /sq ft Bozrah 06334Seller’s market $236 /sq ft Colchester 06415Seller’s market $265 /sq ft East Lyme 06333Balanced $273 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology