What the Pros Know

65,338

Population

0.3% YoY

2023

40.2

Median Age

5.4% YoY

2022

$73,378

Median Household Income

8.1% YoY

2022

32,207

Labor Force

0.2% MoM

2.2% YoY

8/2024

30,033

Employed

0.3% MoM

1.6% YoY

8/2024

6.8%

Unemployment Rate

0% MoM

9.7% YoY

8/2024

$280,000

Median Sale Price

1.3% MoM

12.6% YoY

8/2024

77

Homes Sold

32.8% MoM

6.9% YoY

8/2024

2.2

Months Inventory

28.6% MoM

15.6% YoY

8/2024

36

Days on Market

0 MoM

10 YoY

8/2024

166

Listings

5.7% MoM

8.8% YoY

8/2024

98.3%

Sale Price to List Price

0.5% MoM

1.0% YoY

8/2024

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Cities included in Salem County: Salem, Penns Grove, Woodstown, Olivet, Elmer, Auburn, Pedricktown, Hancocks Bridge


Zip Codes included in Salem County: [Click for zip code level data] 08001, 08023, 08038, 08067, 08069, 08070, 08072, 08079, 08098, 08318, 08343


 1.  Population Data from U.S. Census Bureau.
 2.  Employment Data from Bureau of Labor and Statistics
 3.  Sales Data provided by Redfin, a national real estate brokerage.

MoM = Month over Month. The percentage change from the previous month to the current month.
YoY = Year over Year. The percentage change from the same period the previous year to the current period.

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