Comprehensive market data and analysis• Updated Dec 2025
13.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 1 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | 1 | 1 | 3 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | 2 | 2 | 2 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | 1 | 3 |
| TOTAL | 0 | 3 | 4 | 9 |
Acreage buckets
The median price for land in Salem, New Jersey is currently $7K per acre. For a typical parcel, the median sale price is $60K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $9K while premium lots reached $325K.
Salem, New Jersey is currently a strong buyer's market with 13.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Salem, New Jersey currently has 13.0 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
Land in Salem, New Jersey averages $106K per acre. The median price per acre is $7K, which may be more representative of typical transactions. Most parcels sold are around 15.6 acres.
The current absorption rate in Salem, New Jersey is 7.7% (3-month basis), indicating slow demand. The top-performing broker in this market is Century 21 Rauh & Johns.
There are currently 13 active listings in Salem, New Jersey. 10 new listings have hit the market in the last 90 days. The median asking price is $21K.
The 3-month absorption rate in Salem, New Jersey is 7.7%. The 12-month rate is 5.8%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
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.