Is Salem, SD 57058 a buyer’s or seller’s market?
Salem is a buyer’s market. With about 8.5 months of supply, buyers usually have more time and more room to negotiate on price and terms.
Months of supply8.5Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list92.4%Sold price ÷ list price
Median days on market51Listing to accepted offer
Median price per sq ft$132▲ +4.2% vs. last year
Run the numbers for 57058
Nearby markets
Bridgewater 57319Buyer’s market $102 /sq ftCanistota 57012Buyer’s market $199 /sq ftMonroe 57047Seller’s market $64 /sq ftMontrose 57048Seller’s market $172 /sq ft Browse all markets →More tools for 57058
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology