From January through March of 2018, there were 18 homes sold, with a median sale price of $37,000 - a 49.3% decrease over the $73,000 median sale price for the same period of the previous year. There were 30 homes sold in Salem in the first quarter of 2017.
The median sales tax in Salem for the most recent year with available data, 2017, was $1,283.80, approximately 3.5% of the median home sale price for the first quarter of 2018.
The following table compares Salem to other Marion County cities in the first quarter of 2018:
| City | Jan. - Mar. 2018 Home Sales | Jan. - Mar. 2017 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2018 Median Sales Price | Jan. - Mar. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Iuka | 5 | 3 | 66.7% | $160,000 | $42,000 | 281% |
| Odin | 5 | 4 | 25% | $62,000 | $56,000 | 10.7% |
| Kinmundy | 2 | 1 | 100% | $53,500 | $35,000 | 52.9% |
| Salem | 18 | 30 | -40% | $37,000 | $73,000 | -49.3% |
| Centralia | 46 | 38 | 21.1% | $31,000 | $33,750 | -8.1% |
| Central City | 2 | 5 | -60% | $29,500 | $23,000 | 28.3% |
| Patoka | 5 | 6 | -16.7% | $12,000 | $45,750 | -73.8% |
| Wamac | 1 | 0 | - | $5,500 | $0 | - |
| Walnut Hill | 1 | 1 | 0% | $5,000 | $170,000 | -97.1% |
| Kell | 1 | 3 | -66.7% | $4,000 | $37,000 | -89.2% |
| Sandoval | 3 | 6 | -50% | $3,000 | $37,500 | -92% |
| Junction City | 0 | 0 | - | $0 | $0 | - |
| Vernon | 0 | 0 | - | $0 | $0 | - |
| Alma | 0 | 0 | - | $0 | $0 | - |
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