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Homes Under $400K in Salem, IN
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70 listings
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3 beds

Homes Under $400K in Salem, IN

Homes Under $400K in Salem, IN

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22 of 70 Listings
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Homes Under $400K in Salem, IN

22 of 70 Listings

Your local brokerage

SM

Steve Merritt

Realty.com

Lic. #RB21000412

Call Steve
  1. 1710 N Shelby Street — photoNew64Active

    $399,950

    4 bd · 4 ba · 3,938 sqft

    1710 N Shelby Street, Salem, IN

    Evan Zinser · Mainstreet REALTORS

  2. 807 Sandy Circle — photoNew14Active

    $194,900

    3 bd · 2 ba · 1,100 sqft

    807 Sandy Circle, Salem, IN

    Nathan Soliday · Streamline Real Estate, LLC

  3. 1810 Lake Salinda Road — photo42Active

    $285,000

    3 bd · 1 ba · 1,180 sqft

    1810 Lake Salinda Road, Salem, IN

    Mary McCoskey Finkle · Mainstreet REALTORS

  4. 708 N Water Street — photo28Active

    $199,900

    3 bd · 2 ba · 1,420 sqft

    708 N Water Street, Salem, IN

    Doug Dillon · Brixton Realty

  5. 404 E Mulberry Street — photo41Active

    $209,900

    2 bd · 2 ba · 2,040 sqft

    404 E Mulberry Street, Salem, IN

    Scott Pearce · Lopp Real Estate Brokers

  6. 412 S Highland Drive — photoPrice Reduced41Active

    $230,000

    3 bd · 2 ba · 1,304 sqft

    412 S Highland Drive, Salem, IN

    Mark A. Day · The Day Company Realtors & Auctioneers

  7. 203 S Shelby Street — photo44Active

    $225,000

    4 bd · 3 ba · 2,345 sqft

    203 S Shelby Street, Salem, IN

    Sean Sampson · Coldwell Banker McMahan

  8. 2100 W Quarry Road — photo42Active

    $370,000

    3 bd · 2 ba · 2,305 sqft

    2100 W Quarry Road, Salem, IN

    Sherri B. Purkhiser · The Day Company Realtors & Auctioneers

  9. 6129 S Bud Miller Road — photo40Active

    $139,000

    3 bd · 2 ba · 1,800 sqft

    6129 S Bud Miller Road, Salem, IN

    Brian Helsel · Brixton Realty

  10. 104 N Posey Street — photoPrice Reduced41Active

    $154,900

    3 bd · 1 ba · 1,287 sqft

    104 N Posey Street, Salem, IN

    Debbie Curtis · Mainstreet REALTORS

  11. 606 Cauble Street — photoPrice Reduced39Active

    $179,900

    3 bd · 1 ba · 1,032 sqft

    606 Cauble Street, Salem, IN

    Sara Nicholson · Nicholson Real Estate Group

  12. 4249 W Grandview Road — photo33Active

    $132,000

    3 bd · 1 ba · 1,482 sqft

    4249 W Grandview Road, Salem, IN

    Caleb Jones · EXIT Realty Choice

  13. 602 Tucker Street — photoPrice Reduced24Active

    $189,900

    3 bd · 1 ba · 1,227 sqft

    602 Tucker Street, Salem, IN

    Craig Eberle · Keller Williams Realty Consultants

  14. 1901 W State Road 56 — photoPrice Reduced34Active

    $294,900

    4 bd · 2 ba · 2,022 sqft

    1901 W State Road 56, Salem, IN

    Tifini Ashby · A White House Realty

  15. 1681 S Lockenour Lane — photo31Active

    $189,000

    3 bd · 2 ba · 1,344 sqft

    1681 S Lockenour Lane, Salem, IN

    Melanie Wells · HOOSIER REALTY

  16. 3384 E State Road 160 — photoPrice Reduced49Active

    $240,000

    5 bd · 2 ba · 2,484 sqft

    3384 E State Road 160, Salem, IN

    Sherri B. Purkhiser · The Day Company Realtors & Auctioneers

  17. 1007 N Main Street — photoPrice Reduced12Active

    $154,900

    3 bd · 2 ba · 1,414 sqft

    1007 N Main Street, Salem, IN

    Jennifer K Jordan · Lighthouse Realty Group, Inc.

  18. 408 W Small Street — photoPrice Reduced4Active

    $239,900

    3 bd · 2 ba · 1,387 sqft

    408 W Small Street, Salem, IN

    Melissa Dietrich · Lopp Real Estate Brokers

  19. 410 W Small Street — photoPrice Reduced30Active

    $234,900

    3 bd · 2 ba · 1,387 sqft

    410 W Small Street, Salem, IN

    Todd Paxton · Lopp Real Estate Brokers

  20. 412 W Small Street — photoPrice Reduced29Active

    $234,900

    3 bd · 2 ba · 1,387 sqft

    412 W Small Street, Salem, IN

    Todd Paxton · Lopp Real Estate Brokers

  21. 406 W Small Street — photoPrice Reduced4Active

    $239,900

    3 bd · 2 ba · 1,387 sqft

    406 W Small Street, Salem, IN

    Melissa Dietrich · Lopp Real Estate Brokers

  22. 3226 W State Road 56 — photo31Active

    $394,900

    1 bd · 1 ba · 1,050 sqft

    3226 W State Road 56, Salem, IN

    Kristal May · Lopp Real Estate Brokers

123

About Homes Under $400K in Salem, IN

Homes Under $400K in Salem, IN: 70 active listings as of October 15, 2026, 08:52 UTC.

Explore Salem homes

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The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is derived from various Multiple Listing Services; each source MLS and its required disclaimer are shown with the listings on the applicable page. Realty.com is an independently owned and operated brokerage.

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Listing data & MLS disclosures

Southern Indiana REALTORS Association
IDX information is provided exclusively for consumers’ personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.
Listing information ©2026 Southern Indiana Realtors(R) Association, Inc®. All Rights Reserved. Last Updated: 2026-10-14 22:43:14 UTC
  • Your local brokerage

    SM

    Steve Merritt

    Realty.com

    Lic. #RB21000412

    Call Steve

    Salem, IN community profile

    Population
    6,489
    Median income
    $52,505
    Housing units
    2,894
    People per sq. mi.
    30.3
    Area
    214.1 sq. mi.

    Source: HJN community data

    Salem housing market

    September 2026 · This period is still settling

    Selling at 97.4% of asking price

    Buyers here are paying below asking. MLS · 13 sales · as of Sep 29, 2026

    Homes on the market · MLS, as of Sep 27, 2026

    Median list price
    $224,450
    Homes for sale
    68

    Price trend · Assessor repeat sales, as of Sep 30, 2026

    Year-over-year
    -7.4%

    Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Sep 2, 2026

    Median home size
    1,472 sq. ft.