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  • The buying timeline

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  • Mortgage calculator
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  • Get pre-approved

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  • Closing costs, itemized
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3 beds
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New construction
With a pool
Homes Under $500K in Salem, IN
75 listings

Homes Under $500K in Salem, IN

Homes Under $500K in Salem, IN

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23 of 75 Listings
Map

Homes Under $500K in Salem, IN

23 of 75 Listings

  1. 6129 S Bud Miller Road — photoNew40

Your local brokerage

SM

Steve Merritt

Realty.com

Lic. #RB21000412

Call Steve
Active

$139,000

3 bd · 2 ba · 1,800 sqft

6129 S Bud Miller Road, Salem, IN

Doug Dillon · Brixton Realty

  • 104 N Posey Street — photo39Active

    $159,900

    3 bd · — ba · 1,287 sqft

    104 N Posey Street, Salem, IN

    Debbie Curtis · Mainstreet Realtors

  • 606 Cauble Street — photoNew39Active

    $184,900

    3 bd · 1 ba · 1,032 sqft

    606 Cauble Street, Salem, IN

    Sara Nicholson · F.C. Tucker Real Estate Expert

  • 602 Tucker Street — photoNew24Active

    $199,900

    3 bd · 1 ba · 1,227 sqft

    602 Tucker Street, Salem, IN

    Craig Eberle · Keller Williams Realty Consultants

  • 4249 W Grandview Road — photoNew33Active

    $132,000

    3 bd · 1 ba · 1,482 sqft

    4249 W Grandview Road, Salem, IN

    Caleb Jones · EXIT Realty Choice

  • 1901 W State Road 56 — photo34Active

    $299,900

    4 bd · 2 ba · 2,022 sqft

    1901 W State Road 56, Salem, IN

    Tifini Ashby · A White House Realty

  • 1681 S Lockenour Lane — photo31Active

    $189,000

    3 bd · 2 ba · 1,344 sqft

    1681 S Lockenour Lane, Salem, IN

    Melanie Wells · HOOSIER REALTY

  • 3969 S Martinsburg Road — photo31Active

    $299,900

    3 bd · 3 ba · 1,116 sqft

    3969 S Martinsburg Road, Salem, IN

    Kris Christianson · Whitetail Properties Real Esta

  • 3384 E State Road 160 — photo49Active

    $250,000

    5 bd · 2 ba · 2,484 sqft

    3384 E State Road 160, Salem, IN

    Sherri B. Purkhiser · The Day Company Realtors & Auctioneers

  • 1007 N Main Street — photoPrice Reduced12Active

    $164,900

    3 bd · 2 ba · 1,414 sqft

    1007 N Main Street, Salem, IN

    Jennifer K Jordan · Lighthouse Realty Group, Inc.

  • 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

  • 410 W Small Street — photoPrice Reduced30Active

    $239,900

    3 bd · 2 ba · 1,387 sqft

    410 W Small Street, Salem, IN

    Melissa Dietrich · Lopp Real Estate Brokers

  • 412 W Small Street — photoPrice Reduced29Active

    $239,900

    3 bd · 2 ba · 1,387 sqft

    412 W Small Street, Salem, IN

    Melissa Dietrich · Lopp Real Estate Brokers

  • 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

  • 3226 W State Road 56 — photo46Active

    $394,900

    1 bd · 1 ba · 1,050 sqft

    3226 W State Road 56, Salem, IN

    Kristal May · Lopp Real Estate Brokers

  • 609 S Highland Drive — photoPrice Reduced41Active

    $260,000

    3 bd · 2 ba · 1,070 sqft

    609 S Highland Drive, Salem, IN

    Scotty Paden · Epique Realty

  • 3662 W Mount Zion Road — photo47Active

    $299,900

    3 bd · 2 ba · 1,568 sqft

    3662 W Mount Zion Road, Salem, IN

    Brittney Reisert · Nest Realty

  • 801 N College Avenue — photoPrice Reduced29Active

    $165,000

    3 bd · 1 ba · 1,079 sqft

    801 N College Avenue, Salem, IN

    Destiny Benavides Rodas · Schuler Bauer Real Estate Services ERA Powered (N

  • 606 Ridgeview Drive — photoPrice Reduced66Active

    $194,500

    3 bd · 2 ba · 1,306 sqft

    606 Ridgeview Drive, Salem, IN

    Melanie Wells · HOOSIER REALTY

  • 2350 N Whiskey Hollow Road — photoPrice Reduced57Active

    $379,950

    2 bd · 0 ba · 2,272 sqft

    2350 N Whiskey Hollow Road, Salem, IN

    Evan Zinser · Mainstreet REALTORS

  • 1202 Norway Drive Lot 21 — photo38Active

    $384,900

    4 bd · 3 ba · 2,201 sqft

    1202 Norway Drive Lot 21, Salem, IN

    Troy Stiller · Schuler Bauer Real Estate Services ERA Powered (N

  • 2376 N Eunice Drive — photoPrice Reduced36Active

    $139,900

    3 bd · 1 ba · 1,188 sqft

    2376 N Eunice Drive, Salem, IN

    Linda R. Ward · eXp Realty, LLC - Picket Fence

  • 4379 W Grandview Road — photoPrice Reduced40Active

    $224,900

    2 bd · 1 ba · 792 sqft

    4379 W Grandview Road, Salem, IN

    Ashley Johnson-Hopper · JPAR Aspire

  • 12…4

    Explore Salem homes

    By price

    • Under $300K
    • Under $500K
    • Under $700K
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    By bedrooms

    • 2 beds
    • 3 beds
    • 4 beds
    • 5 beds

    By type

    • Single family
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    By feature

    • New construction
    • With a pool
    Realty.com

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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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    Your local brokerage

    SM

    Steve Merritt

    Realty.com

    Lic. #RB21000412

    Call Steve

    Listing data & MLS disclosures

    Indiana Regional MLS
    The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Indiana Regional MLS LLC®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Realty.com, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Indiana Regional MLS LLC®. All Rights Reserved.
    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: 2026-09-19 17:21:41 UTC

    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

    August 2026 · This period is still settling

    Selling at 100.0% of asking price

    Sales here are closing essentially at asking. MLS · 13 sales · as of Aug 31, 2026

    Homes on the market · MLS, as of Aug 31, 2026

    Median list price
    $219,900
    Homes for sale
    57

    Price trend · Assessor repeat sales, as of Aug 31, 2026

    Year-over-year
    -12.3%

    Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Jul 29, 2026

    Median home size
    1,472 sq. ft.