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Salem

Why you'd want to live in Salem

Known as “Virginia’s Championship City,” the city of Salem is an integral part of Virginia’s Blue Ridge. In addition to its reputation of hosting first-class sporting events, the city features a charming downtown that combines historical elements with exciting new development, delicious food & drink scene, and rich arts & cultural amenities. via visitroanokeva.com

Salem Market Report

$391,269

AVERAGE PRICE OF 151 HOMES

$1,231,500

AVERAGE PRICE OF 3 MULTI-MILLION DOLLAR HOMES

$455,464

AVERAGE PRICE OF 44 NEWLY BUILT HOMES

$439,690

AVERAGE PRICE OF 20 HOMES WITH A POOL

$384,500

AVERAGE PRICE OF 2 REDUCED PRICE HOMES

Average Home

Average Price $391,269
Avg Bedrooms 3.48 beds
Avg Bathrooms 2.28 baths

Average Price by Bedrooms

1 bedroom $175,000
2 bedrooms $242,363
3 bedrooms $332,547
4 bedrooms $454,155
5 bedrooms $526,016
Salem Home Price Trends
  4/2024 3/2024 2/2024 1/2024 12/2023
Total Listings 153 143 135 134 133
Average Price $385,631 $380,526 $371,770 $374,563 $368,490
Avg Price Change +1.34% +2.36% -0.75% +1.65% -6.42%
Median Price $379,465 $372,588 $379,044 $384,533 $368,825
Med Price Change +1.85% -1.73% -1.45% +4.26% -1.38%
Avg Bedrooms 3.45 beds 3.38 beds 3.36 beds 3.42 beds 3.42 beds
Avg Bathrooms 2.26 baths 2.21 baths 2.14 baths 2.19 baths 2.22 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Salem High 93 $360,867 83 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 151 $391,269 77 days
Multi-Million Dollar Homes 3 $1,231,500 63 days
Newly Built Homes 44 $455,464 149 days
Homes with a Pool 20 $439,690 90 days
Reduced Price Homes 2 $384,500 97 days
Murray Realty Inc. - Douglas W Murray Signature Team
Doug Murrary
4519 Brambleton Ave #200
Roanoke, VA 24018
540-366-7771

Last updated; multiple times May 30, 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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