Frequently Asked Questions

Are house prices dropping in Salem?

The house prices in Salem are indeed dropping at the moment. There has been a decrease in price of $39,300.00. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

What is the housing market like in Salem at this time?

The housing market and house prices in Salem are going down. The average house price is $384,900.00 and the average price per square feet is $147.21 per square foot. At the moment, there are 152 homes listed - 11 active, 9 pending, and 132 sold in Salem.

What is the most popular place to buy a house in Salem?

The most popular place to buy a home in Salem is 8806 - Washington - Washington. 8806 - Washington - Washington has the most properties listed and appears to have the highest demand.

What is the amount of property taxes you have to pay for a house in Salem?

The average amount of property taxes you would have to pay for a home in Salem is $2,347.00. Property taxes are tied to the value of the home - the more expensive the home, the higher the taxes.

How fast are houses listed in Salem being sold?

Properties in Salem stay on the market for an average of 109 days. A lower number of days indicates a seller's market, while a higher number indicates a buyer's market.

How often are houses listed for sale in Salem?

The last home listed in Salem was 433 minutes ago.

Can you visit houses in Salem?

Currently, there are 0 open houses available for viewing in Salem.

What is the most expensive house in Salem?

The cost of the most expensive home in Salem is $775,000.00. Expensive homes often come with better amenities, larger spaces, and faster appreciation.

What is the cheapest house in Salem?

The cost of the cheapest home in Salem is $144,900.00. Buying a cheaper home can keep payments low and leave room for customization.

How old are the homes in Salem?

The oldest home in Salem was built in 1920, and the newest in 2020.

How big are the homes in Salem?

The average property size in Salem is 2696.18 sq.ft., the largest being 4960 sq.ft., and the smallest being 720 sq.ft.

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Active

$84,900

4 Beds

2 Baths

2,622 Sq. Ft.

507 N High Street, Salem, IN, 47167

Est. Payments: $0/mo

Residential

Built in 1940

7 days on Site

0.27 Lot Size

None

Baseboard

Additional Details

Contact Agent

Tucker Customer Care

F.C. Tucker Company, Inc.

(317) 954-4768

Description

ANY INVESTORS OUT THERE or DIY ENTHUSIASTS! High ceilings, original woodwork, custom banister, kitchen on each level are just a few of the features of this two-story home in need of TLC. Could be converted back to a two unit income producing property! Located within walking distance of downtown Salem Square and the newly developed Mon...

Source: SIRA as distributed by MLS GRID, MLS ID: 202609650

Listing provided courtesy of Lori Gilstrap 812-883-5112 with The Day Company REALTORS

Last Updated: 6/28/2026 | 5:19 PM

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About the Neighborhood

Salem offers a tranquil setting with minimal street noise and a peaceful ambiance throughout much of the area. The community features a variety of primarily two- and three-bedroom single detached homes, reflecting a well-established neighborhood appearance. Convenient access to primary and high schools adds to the area’s attractions, while several grocery stores and select dining options are located close by. Although the terrain presents some hills, vehicle access throughout the region is highly convenient. With homes dating back to the 1960s, the neighborhood combines charm with comfortable residential living in a peaceful environment.

Learn more about

Salem Market Report

Avg. Days on Market

156

Avg. Price Per Sq. Ft.

132.05

Median List Price

$243,450

Homes Listed

Frequently Asked Questions

Salem Neighborhoods

Washington County Salem Middle Fork Farms Rolling Way Voyles Farm Wendy Heights Whispering Acres

Contact Agent

Tucker Customer Care

F.C. Tucker Company, Inc.

(317) 954-4768

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Type	Dimensions	Level
FullBath	-	Second
Kitchen	-	Second
Bedroom	-	Second
Bedroom	-	Second
FamilyRoom	-	Second
Bedroom	-	First
DiningRoom	-	First
LivingRoom	-	First
FullBath	-	First
Kitchen	-	First