Property prices for sale in Salem (Tamil Nadu)

The prices in real estate in Salem, in the Tamil Nadu region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.

₹ 43.68 lakhs
Average price last 6 months
₹ 2,989
Price/sq.foot last 6 months
Average price per sq.feet

The price per sq.foot in Salem has had a strong decrease during the last 6 months. In September, the average price per sq.foot was ₹ 6,156. In the following month the price per sq.foot decreased considerably to ₹ 3,208. The price for the following two months in (November, December) had a considerable decrease of 52 with regard to the prior two months. The price per sq.foot has had a considerable deflation of 52 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.foot of ₹ 3,554.25 to ₹ 1,858.5 during January, and February.

Average price

Based upon to the price in Salem (cities), this has fallen considerably in the last 6 months. The average price for September is ₹ 74 lakhs. During October the price had a slight fall till ₹ 66.04 lakhs. During the following two months (November, December) the average price had a considerable reduction of 59 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from ₹ 55.8 lakhs to ₹ 19.44 lakhs, which means a 35 % fall.

Average price per BHK

The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 21.47 lakhs they are 4 % more affordable than the average price for Salem. The properties with the highest average price have 4 BHK, Their price is 939 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 69.72 lakhs.

With regard to the average price per sq.foot , those properties with 2 BHK are the most costly ones at a cost of ₹ 3,245 / sq.foot, with an average ₹ 2,067 / sq.foot price in Salem. The properties with the highest average prices have 4 BHK. They are 439 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 4,689 / sq.foot.

Price per property type

The graph displaying the average prices displays the property type "Flat" as the most costly one. At an cost of ₹ 21.47 lakhs it is 61 % more expensive than the average price in Salem. "Farm" is seen as the second dearest property type. The dearest property type is "House" followed by "Villa". At a price of ₹ 49.32 lakhs it is 228 % more expensive than the average price.

According to the average cost per sq.foot, the cheapest property type is "Flat" at an average cost of ₹ 1,509 / sq.foot followed by "Farm" priced at ₹ 2,373 / sq.foot. "House" is the most costly type of property with a ₹ 4,469 / sq.foot cost followed by "Villa" with an average price of ₹ 3,430 / sq.foot.

Charts data
Average price February
Average price per sq.foot February
Number of properties used in Salem
Number of properties used in region Tamil Nadu
₹ 21.47 lakhs
₹ 2,067
340
4,93,414
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value