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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

$340,584

AVERAGE PRICE OF 117 HOMES

$238,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,021,719

AVERAGE PRICE OF 1 MULTI-MILLION DOLLAR HOMES

$470,633

AVERAGE PRICE OF 35 NEWLY BUILT HOMES

$400,384

AVERAGE PRICE OF 7 HOMES WITH A POOL

$287,450

AVERAGE PRICE OF 2 REDUCED PRICE HOMES

Average Home

Average Price $340,584
Avg Bedrooms 3.5 beds
Avg Bathrooms 2.17 baths

Average Price by Bedrooms

1 bedroom $131,950
2 bedrooms $180,462
3 bedrooms $303,148
4 bedrooms $381,245
5 bedrooms $406,098
Salem Home Price Trends
  12/2021 11/2021 10/2021 9/2021 8/2021
Total Listings 127 n/a 150 150 171
Average Price $345,761 n/a $334,241 $331,013 $319,580
Avg Price Change n/a n/a +0.98% +3.58% +4.58%
Median Price $334,758 n/a $302,021 $306,066 $295,754
Med Price Change n/a n/a -1.34% +3.49% +9.50%
Avg Bedrooms 3.56 beds n/a 3.52 beds 3.49 beds 3.45 beds
Avg Bathrooms 2.21 baths n/a 2.13 baths 2.13 baths 2.13 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Glenvar 35 $348,940 146 days
Hidden Valley 4 $757,929 298 days
Salem High 78 $315,432 100 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 117 $340,584 120 days
Distressed Homes 1 $238,000 5 days
Multi-Million Dollar Homes 1 $1,021,719 279 days
Newly Built Homes 35 $470,633 230 days
Homes with a Pool 7 $400,384 66 days
Reduced Price Homes 2 $287,450 187 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 January 18, 2022. Information is deemed to be reliable, but is not guaranteed. Roanoke Valley Association of Realtors© 2022 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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