The median sale price of a home sold in the third quarter of 2020 in Salem rose by $17,500 while total sales increased by 60%, according to BlockShopper.com.
From July through September of 2020, there were 56 homes sold, with a median sale price of $95,500 - a 22.4% increase over the $78,000 median sale price for the same period of the previous year. There were 35 homes sold in Salem in the third quarter of 2019.
The median sales tax in Salem for the most recent year with available data, 2018, was $1,352, approximately 1.4% of the median home sale price for the third quarter of 2020.
The following table compares Salem to other Marion County cities with similar median sales prices in the third quarter of 2020:
| City | July - Sept. 2020 Home Sales | July - Sept. 2019 Home Sales | % change (Total Home Sales) | July - Sept. 2020 Median Sales Price | July - Sept. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Walnut Hill | 5 | 3 | 66.7% | $140,000 | $130,000 | 7.7% |
| Iuka | 6 | 5 | 20% | $97,500 | $75,000 | 30% |
| Salem | 56 | 35 | 60% | $95,500 | $78,000 | 22.4% |
| Sandoval | 6 | 5 | 20% | $76,000 | $20,000 | 280% |
| Centralia | 75 | 60 | 25% | $75,000 | $41,500 | 80.7% |
| Vernon | 1 | 2 | -50% | $70,000 | $63,750 | 9.8% |
| Patoka | 2 | 1 | 100% | $63,750 | $60,000 | 6.3% |
| Central City | 4 | 0 | - | $36,750 | $0 | - |
| Alma | 2 | 4 | -50% | $35,500 | $26,300 | 35% |
| Kinmundy | 2 | 6 | -66.7% | $21,500 | $10,000 | 115% |
| Wamac | 2 | 0 | - | $20,500 | $0 | - |
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