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Salem Market Report

$362,328

AVERAGE PRICE OF 105 HOMES

$474,211

AVERAGE PRICE OF 34 NEWLY BUILT HOMES

$406,664

AVERAGE PRICE OF 7 HOMES WITH A POOL

$471,633

AVERAGE PRICE OF 3 REDUCED PRICE HOMES

Average Home

Average Price $362,328
Avg Bedrooms 3.38 beds
Avg Bathrooms 2 baths

Average Price by Bedrooms

1 bedroom $124,950
2 bedrooms $178,435
3 bedrooms $329,670
4 bedrooms $429,531
5 bedrooms $472,780
Salem Home Price Trends
  2/2023 1/2023 12/2022 11/2022 10/2022
Total Listings 99 96 101 102 117
Average Price $355,485 $353,489 $357,244 $357,045 $360,198
Avg Price Change +0.56% -1.06% +0.06% -0.88% +0.40%
Median Price $326,071 $330,992 $344,762 $323,565 $324,948
Med Price Change -1.51% -4.16% +6.55% -0.43% -0.89%
Avg Bedrooms 3.36 beds 3.39 beds 3.42 beds 3.47 beds 3.47 beds
Avg Bathrooms 2.08 baths 2.08 baths 2.12 baths 2.16 baths 2.17 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Glenvar 36 $348,042 79 days
Hidden Valley 5 $765,908 71 days
Lord Botetourt 1 $510,000 33 days
Salem High 63 $336,118 96 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 105 $362,328 88 days
Newly Built Homes 34 $474,211 169 days
Homes with a Pool 7 $406,664 105 days
Reduced Price Homes 3 $471,633 33 days
Wainwright & Co. - Realtors
1202 Electric Road Ste A
Salem, VA 24153
540-819-7388
Licensed in Virginia

Last updated; multiple times March 23, 2023. Information is deemed to be reliable, but is not guaranteed. Roanoke Valley Association of Realtors© 2023 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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