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Salem Market Report

$386,246

AVERAGE PRICE OF 160 HOMES

$229,900

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,163,167

AVERAGE PRICE OF 3 MULTI-MILLION DOLLAR HOMES

$456,786

AVERAGE PRICE OF 42 NEWLY BUILT HOMES

$423,546

AVERAGE PRICE OF 19 HOMES WITH A POOL

$436,713

AVERAGE PRICE OF 11 REDUCED PRICE HOMES

Average Home

Average Price $386,246
Avg Bedrooms 3.48 beds
Avg Bathrooms 2.27 baths

Average Price by Bedrooms

1 bedroom $162,500
2 bedrooms $240,583
3 bedrooms $320,251
4 bedrooms $443,036
5 bedrooms $599,823
Salem Home Price Trends
  3/2024 2/2024 1/2024 12/2023 11/2023
Total Listings 143 135 134 133 138
Average Price $380,526 $371,770 $374,563 $368,490 $392,139
Avg Price Change +2.36% -0.75% +1.65% -6.42% -3.73%
Median Price $372,588 $379,044 $384,533 $368,825 $373,907
Med Price Change -1.73% -1.45% +4.26% -1.38% -2.05%
Avg Bedrooms 3.38 beds 3.36 beds 3.42 beds 3.42 beds 3.44 beds
Avg Bathrooms 2.21 baths 2.14 baths 2.19 baths 2.22 baths 2.26 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Salem High 94 $360,189 82 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 160 $386,246 77 days
Distressed Homes 1 $229,900 27 days
Multi-Million Dollar Homes 3 $1,163,167 61 days
Newly Built Homes 42 $456,786 152 days
Homes with a Pool 19 $423,546 98 days
Reduced Price Homes 11 $436,713 157 days
Wainwright & Co. - Realtors
1202 Electric Road Ste A
Salem, VA 24153
540-819-7388
Licensed in Virginia

Last updated; multiple times April 19, 2024. Information is deemed to be reliable, but is not guaranteed. Roanoke Valley Association of Realtors© 2024 MLS and FBS. Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this website does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed daily, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this website may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited. The information on this sheet has been made available by the MLS and may not be the listing of the provider.
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