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SALEM, IN 47167

Real Estate Market Report  ·  Washington County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The SALEM, IN real estate market (47167) currently shows 52 active listings, with 15 pending sales. Homes are averaging 78 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are selling faster, averaging 78 days on market compared to 92 days last year.

The median listing price has risen 4.9% year-over-year, from $204,900 to $214,900.

Whether you are buying or selling in SALEM, IN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 15,592  ·  Density: 28.3/mi²  ·  Median household income: $55,646

Typical home value: $156,942  ·  Homeownership: 77.5%

Market Overview

Active Listings
52
⇧ 10.6% vs 47 last year
Pending
15
29% pending ratio
Median Price
$214,900
⇧ 4.9% vs $204,900 last year
Average Price
$271,489
⇧ 10.9% vs $244,851 last year
Days on Market
78
⇩ 15.2% vs 92 days last year

Price Per Square Foot

Median $/sqft
$136
⇩ 8.1% vs $148/sqft last year
Median Home Size
1,522 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 52 this year vs 47 last year
  • Days on market: 78 now vs 92 last year

Median & Average Pricing

Year over Year
  • Median: $214,900 (+4.9% YoY)
  • Average: $271,489 (+10.9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 21.8 miles — 302 listings ($93,964,458 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47167Salem, IN 471670.0 mi46$13,778,840$219,900$299,540
47108Campbellsburg, IN 471089.4 mi5$1,449,550$300,000$289,910
47281Vallonia, IN 4728112.3 mi2$330,000$165,000$165,000
47170Scottsburg, IN 4717014.3 mi50$12,019,050$224,925$240,381
47125Hardinsburg, IN 4712515.4 mi7$1,775,480$231,900$253,640
47260Medora, IN 4726016.8 mi8$1,641,080$180,987$205,135
47124Greenville, IN 4712417.3 mi7$2,222,150$317,450$317,450
47229Crothersville, IN 4722918.1 mi18$3,656,556$193,650$203,142
47102Austin, IN 4710219.0 mi33$6,218,487$179,675$188,439
47143Memphis, IN 4714319.7 mi41$13,387,443$312,400$326,523
47119Floyds Knobs, IN 4711920.1 mi36$17,690,148$490,450$491,393
47166Ramsey, IN 4716621.2 mi3$734,700$244,900$244,900
47122Georgetown, IN 4712221.8 mi46$19,060,974$380,919$414,369

Frequently Asked Questions

How many homes are for sale in SALEM, IN 47167?

As of March 2026, there are 52 active listings in SALEM, IN (zip code 47167), compared to 47 the prior year.

What is the median home price in SALEM, IN 47167?

The median listing price in SALEM, IN 47167 is $214,900 as of March 2026, a 4.9% increase from $204,900 the prior year.

How long do homes stay on the market in SALEM, IN?

Homes in SALEM, IN 47167 spend an average of 78 days on the market before going under contract, compared to 92 days the prior year.

Is it a seller's or buyer's market in SALEM, IN 47167?

Based on current inventory and days-on-market data as of March 2026, SALEM, IN 47167 is currently a Balanced Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are selling faster, averaging 78 days on market compared to 92 days last year.

How much can I save on real estate commission in SALEM, IN?

With SELL123.com's maximum 3% commission, sellers in SALEM, IN 47167 save an estimated $4,298 compared to a typical 5% commission on the median listing price of $214,900. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.