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SALEM, SD 57058

Real Estate Market Report  ·  McCook County
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The SALEM, SD real estate market (57058) currently shows 12 active listings, with 2 pending sales. Homes are averaging 38 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are selling faster, averaging 38 days on market compared to 93 days last year.

The median listing price has risen 21.8% year-over-year, from $287,250 to $350,000.

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Market Context

Market Context

Population: 1,964  ·  Density: 4.8/mi²  ·  Median household income: $74,405

Typical home value: $179,040  ·  Homeownership: 79.9%

Market Overview

Active Listings
12
⇧ 50% vs 8 last year
Pending
2
17% pending ratio
Median Price
$350,000
⇧ 21.8% vs $287,250 last year
Average Price
$329,725
⇧ 18.9% vs $277,333 last year
Days on Market
38
⇩ 59.1% vs 93 days last year

Price Per Square Foot

Median $/sqft
$135
⇩ 6.3% vs $144/sqft last year
Median Home Size
2,040 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99%
Listings with no price change
Price Reduced
1%
—

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 12 this year vs 8 last year
  • Days on market: 38 now vs 93 last year

Median & Average Pricing

Year over Year
  • Median: $350,000 (+21.8% YoY)
  • Average: $329,725 (+18.9% 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 32.8 miles — 169 listings ($80,936,216 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
57058Salem, SD 570580.0 mi8$2,773,200$257,500$346,650
57048Montrose, SD 5704810.2 mi5$2,094,585$349,750$418,917
57012Canistota, SD 5701212.1 mi7$2,050,265$254,950$292,895
57035Humboldt, SD 5703517.8 mi4$794,600$198,650$198,650
57311Alexandria, SD 5731119.2 mi1$825,000$825,000$825,000
57349Howard, SD 5734921.2 mi6$2,794,458$327,400$465,743
57043Marion, SD 5704323.1 mi3$1,038,900$399,900$346,300
57016Chester, SD 5701624.2 mi3$2,355,576$801,625$785,192
57075Wentworth, SD 5707527.8 mi11$9,795,599$729,900$890,509
57020Crooks, SD 5702029.3 mi12$5,299,368$347,450$441,614
57107Sioux Falls, SD 5710731.1 mi97$37,609,713$344,600$387,729
57003Baltic, SD 5700332.3 mi11$12,304,952$737,450$1,118,632
57334Ethan, SD 5733432.8 mi1$1,200,000$1,200,000$1,200,000

Frequently Asked Questions

How many homes are for sale in SALEM, SD 57058?

As of September 2026, there are 12 active listings in SALEM, SD (zip code 57058), compared to 8 the prior year.

What is the median home price in SALEM, SD 57058?

The median listing price in SALEM, SD 57058 is $350,000 as of September 2026, a 21.8% increase from $287,250 the prior year.

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

Homes in SALEM, SD 57058 spend an average of 38 days on the market before going under contract, compared to 93 days the prior year.

Is it a seller's or buyer's market in SALEM, SD 57058?

Based on current inventory and days-on-market data as of September 2026, SALEM, SD 57058 is currently a Balanced Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are selling faster, averaging 38 days on market compared to 93 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SALEM, SD 57058 save an estimated $7,000 compared to a typical 5% commission on the median listing price of $350,000. 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.