Salem Lakes is a village located within Kenosha County, Wisconsin that was created by the municipal merger on February 14, 2017. According to the 2018 census Salem Lakes has an estimated population of 14,809.
Salem Lakes currently has 50 single family homes for sale with an average list price of $486,882, 1 condo for sale with a list price of $325,000, and 11 lots for sale with an average list price of $171,973. The average annual property tax for Salem Lakes is $4,422.
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Salem Lakes, i.e. what's hot and what's not.
See What's Hot & What's Not in Salem LakesSalem Lakes home sales for the month of September decreased in volume by 36.4% when compared to last year, while the median sale price decreased by 18.8% from $400,000 to $325,000. House sales decreased by 45.5%, while the median sale price decreased by 5.6% from $400,000 to $377,500. Condo sales stayed the same, while the median sale price stayed the same.
207
|
202
|
166
|
142
|
2020 | 2021 | 2022 | 2023 |
# of sales per year |
$245,000
|
$268,700
|
$299,950
|
$338,500
|
2020 | 2021 | 2022 | 2023 |
median sale price per year |