The median sale price of a home sold in October 2020 in Salem rose by $12,800 while total sales decreased by 25%, according to BlockShopper.com.
In October 2020, there were 12 homes sold, with a median sale price of $92,750 - a 16% increase over the $79,950 median sale price for the same period of the previous year. There were 16 homes sold in Salem in October 2019.
The median sales tax in Salem for the most recent year with available data, 2018, was $1,352, approximately 1.5% of the median home sale price for October 2020.
The following table compares Salem to other Marion County cities in October 2020:
| City | Oct. 2020 Home Sales | Oct. 2019 Home Sales | % change (Total Home Sales) | Oct. 2020 Median Sales Price | Oct. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Iuka | 2 | 1 | 100% | $252,500 | $38,500 | 555.8% |
| Kell | 2 | 1 | 100% | $131,450 | $162,500 | -19.1% |
| Alma | 3 | 0 | - | $105,000 | $0 | - |
| Salem | 12 | 16 | -25% | $92,750 | $79,950 | 16% |
| Sandoval | 2 | 0 | - | $87,500 | $0 | - |
| Odin | 3 | 5 | -40% | $53,000 | $47,000 | 12.8% |
| Centralia | 26 | 20 | 30% | $44,650 | $29,950 | 49.1% |
| Kinmundy | 4 | 0 | - | $41,250 | $0 | - |
| Central City | 4 | 0 | - | $27,120 | $0 | - |
| Patoka | 1 | 0 | - | $2,000 | $0 | - |
| Vernon | 0 | 0 | - | $0 | $0 | - |
| Wamac | 0 | 0 | - | $0 | $0 | - |
| Walnut Hill | 0 | 0 | - | $0 | $0 | - |
| Junction City | 0 | 1 | -100% | $0 | $92,500 | -100% |
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