Over the past year, typical home values in Salem have slipped about 5.1 percent to roughly $560,000. That’s slightly softer than February’s Rockingham County value of about $580,000 and close to the county’s 5.9 percent yearly decline. Even with this cooling in prices, inventory is still lower than a year ago, down about 13.8 percent.
In February 2026, homes in Salem were typically listed around $589,450, and prices were up about 7.2 percent from the prior month. Buyers moved faster too, with median days on market dropping by about 45 percent month over month to just 23 days, even though that’s still much longer than a year ago. Roughly 38 percent of recent sales closed above list price, and the average sale-to-list ratio was just over 100 percent, showing that well-priced homes can still command strong offers.
Supply conditions highlight that Salem is firmly in a seller’s market, with about 1.9 months of supply and only 25 active listings in February. New listings fell 25 percent compared to last year, and pending sales were down about 37 percent, signaling fewer but still competitive opportunities for both sides. Looking ahead to March 2026, typical values are expected to hover near $557,500 while projected list prices rise toward $609,225 and inventory holds around 25 homes. Whether buyers are trying to navigate tight options or sellers want to price confidently, Agent Pronto can connect both with an experienced local agent who understands these trends.
