Is now a good time to buy land in Salem, Missouri?
Salem, Missouri is currently a strong buyer's market with 27.8 months of supply. Buyers have more negotiating power and can take time to find the right property.
Comprehensive market data and analysis• Updated Dec 2025
27.8 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 1 | 4 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | 1 | 1 |
| 5-10 acres | - | 1 | 9 | 10 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | 2 | 5 | 6 |
| 50-100 acres | - | - | - | 1 |
| 100+ acres | - | 1 | 1 | 1 |
| TOTAL | 0 | 4 | 17 | 23 |
Salem, Missouri is currently a strong buyer's market with 27.8 months of supply. Buyers have more negotiating power and can take time to find the right property.
Salem, Missouri currently has 27.8 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Land in Salem, Missouri typically sells within 39 days of listing. The median time on market is 22 days. Properties are moving quickly in the current strong buyer's market.
The 3-month absorption rate in Salem, Missouri is 3.6%. The 12-month rate is 5.2%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, Salem, Missouri saw 23 properties sold. In just the last 3 months, 4 properties changed hands.
There are currently 37 active listings in Salem, Missouri. 22 new listings have hit the market in the last 90 days. The median asking price is $62K.
The current absorption rate in Salem, Missouri is 3.6% (3-month basis), indicating slow demand. The top-performing broker in this market is VIP Properties.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.