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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

$341,244

AVERAGE PRICE OF 149 HOMES

$180,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$455,214

AVERAGE PRICE OF 41 NEWLY BUILT HOMES

$361,178

AVERAGE PRICE OF 7 HOMES WITH A POOL

$282,760

AVERAGE PRICE OF 5 REDUCED PRICE HOMES

Average Home

Average Price $341,244
Avg Bedrooms 3.57 beds
Avg Bathrooms 2.17 baths

Average Price by Bedrooms

1 bedroom $131,950
2 bedrooms $181,780
3 bedrooms $296,472
4 bedrooms $378,956
5 bedrooms $485,123
Salem Home Price Trends
  9/2021 8/2021 7/2021 6/2021 5/2021
Total Listings 150 171 184 169 169
Average Price $331,013 $319,580 $305,573 $315,790 $308,282
Avg Price Change +3.58% +4.58% -3.34% +2.44% -0.13%
Median Price $306,066 $295,754 $270,088 $264,854 $264,615
Med Price Change +3.49% +9.50% +1.98% +0.09% -4.01%
Avg Bedrooms 3.49 beds 3.45 beds 3.39 beds 3.44 beds 3.42 beds
Avg Bathrooms 2.13 baths 2.13 baths 2.12 baths 2.17 baths 2.18 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Glenvar 53 $343,257 110 days
Hidden Valley 7 $637,590 225 days
Lord Botetourt 1 $575,000 109 days
Salem High 88 $313,803 80 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 149 $341,244 98 days
Distressed Homes 1 $180,000 23 days
Newly Built Homes 41 $455,214 199 days
Homes with a Pool 7 $361,178 79 days
Reduced Price Homes 5 $282,760 40 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 October 20, 2021. Information is deemed to be reliable, but is not guaranteed. Roanoke Valley Association of Realtors© 2021 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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