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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

$366,088

AVERAGE PRICE OF 135 HOMES

$267,750

AVERAGE PRICE OF 1 DISTRESSED HOMES

$448,834

AVERAGE PRICE OF 40 NEWLY BUILT HOMES

$425,567

AVERAGE PRICE OF 17 HOMES WITH A POOL

$455,583

AVERAGE PRICE OF 3 REDUCED PRICE HOMES

Average Home

Average Price $366,088
Avg Bedrooms 3.42 beds
Avg Bathrooms 2.2 baths

Average Price by Bedrooms

1 bedroom $251,225
2 bedrooms $231,038
3 bedrooms $316,328
4 bedrooms $430,865
5 bedrooms $507,103
Salem Home Price Trends
  11/2023 10/2023 9/2023 8/2023 7/2023
Total Listings 138 135 131 118 119
Average Price $392,139 $406,750 $401,674 $381,625 $372,149
Avg Price Change -3.73% +1.26% +5.25% +2.55% -2.51%
Median Price $373,907 $381,576 $380,665 $372,526 $368,691
Med Price Change -2.05% +0.24% +2.18% +1.04% -3.59%
Avg Bedrooms 3.44 beds 3.49 beds 3.53 beds 3.53 beds 3.47 beds
Avg Bathrooms 2.26 baths 2.27 baths 2.24 baths 2.21 baths 2.14 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Glenvar 45 $359,353 97 days
Salem High 90 $369,455 95 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 135 $366,088 96 days
Distressed Homes 1 $267,750 17 days
Newly Built Homes 40 $448,834 163 days
Homes with a Pool 17 $425,567 129 days
Reduced Price Homes 3 $455,583 93 days
Murray Realty Inc. - Douglas W Murray Signature Team
Doug Murrary
4519 Brambleton Ave #200
Roanoke, VA 24018
540-366-7771

Fair Housing/Equal Opportunity
Terms of Use Privacy Notice DMCA
Last updated; multiple times December 10, 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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