Market Report
Salem, UT · 84653
What homes have been selling for in Salem ZIP 84653 over the last 12 months. Based on 535 closed sales. Updated August 16, 2026.
What’s happening
Reading the latest sales…
Typical sale price
$535k
Days to sell
69 days
Homes sold (12 mo.)
535
Right now in Salem 84653
How homes are moving in this area, based on the latest 12 months of closed sales.
69 days
Homes taking longer
Listings are sitting on the market longer than usual - buyers have time to evaluate.
98.7%
Usually near asking
Most homes are selling within a few percent of their list price.
4.3 mo
Balanced market
Supply and demand are roughly in line - both sides have room to negotiate.
Recently sold nearby
The 8 most recent closings that look like your home. What similar properties actually sold for is the strongest anchor for what buyers will pay now - and where you should price to move.
Buy vs Rent in 84653
Renting tends to outpace buying over the next 15 years at today's prices and rates.
If you buy
$3,784/mo
If you rent
$1,581/mo
Assumes 20% down, 7% mortgage, 3.5% appreciation, 4% rent growth, 5% investment return on the alternative. Includes property tax, insurance, maintenance, and 8% selling costs at exit. Talk to an agent for your specific numbers.
Long-term market change
Typical home value (5-year window) with month-over-month change.
+21.8%
since Jun 2021
Biggest jump Mar 2022 (+2.9%) · Biggest drop Sep 2022 (-1.6%)
Value in Jun 2021
$536k
Peak (Feb 2026)
$659k
Today
$653k
Activity by month
Average homes sold and new listings hitting the market each calendar month, pooled across all years.
Most sales in May · Most new listings in May
When homes sell fastest
Average days to sell by month, pooled across every year. Lower = faster.
Jul fastest · Jan slowest
Neighborhood Demographics · 84653
11,531
$111,420
$569,300
$1,581
3.3% gross yield
93%
2,966 own · 222 rent
3,235
1.5% vacant
40.6%
Bachelor's or higher
29.1
5% poverty rate
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
Other Utah markets
Nearby ZIPs in Salem and other high-activity areas.