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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

$351,349

AVERAGE PRICE OF 112 HOMES

$238,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,021,719

AVERAGE PRICE OF 1 MULTI-MILLION DOLLAR HOMES

$511,513

AVERAGE PRICE OF 33 NEWLY BUILT HOMES

$391,212

AVERAGE PRICE OF 4 HOMES WITH A POOL

$70,000

AVERAGE PRICE OF 1 REDUCED PRICE HOMES

Average Home

Average Price $351,349
Avg Bedrooms 3.46 beds
Avg Bathrooms 2.04 baths

Average Price by Bedrooms

1 bedroom $154,950
2 bedrooms $167,250
3 bedrooms $294,302
4 bedrooms $409,842
5 bedrooms $623,812
Salem Home Price Trends
  4/2022 3/2022 2/2022 1/2022 12/2021
Total Listings n/a 102 111 118 127
Average Price n/a $324,807 $340,898 $338,879 $345,761
Avg Price Change n/a -4.95% +0.60% -2.03% n/a
Median Price n/a $278,975 $305,942 $325,345 $334,758
Med Price Change n/a -9.67% -6.34% -2.89% n/a
Avg Bedrooms n/a 3.48 beds 3.48 beds 3.51 beds 3.56 beds
Avg Bathrooms n/a 1.97 baths 2.09 baths 2.15 baths 2.21 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Glenvar 35 $364,316 134 days
Hidden Valley 8 $732,804 135 days
Salem High 69 $300,546 74 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 112 $351,349 97 days
Distressed Homes 1 $238,000 98 days
Multi-Million Dollar Homes 1 $1,021,719 372 days
Newly Built Homes 33 $511,513 214 days
Homes with a Pool 4 $391,212 28 days
Reduced Price Homes 1 $70,000 16 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 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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