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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

$395,508

AVERAGE PRICE OF 153 HOMES

$227,000

AVERAGE PRICE OF 2 DISTRESSED HOMES

$1,248,125

AVERAGE PRICE OF 4 MULTI-MILLION DOLLAR HOMES

$434,207

AVERAGE PRICE OF 40 NEWLY BUILT HOMES

$420,260

AVERAGE PRICE OF 14 HOMES WITH A POOL

$291,987

AVERAGE PRICE OF 4 REDUCED PRICE HOMES

Average Home

Average Price $395,508
Avg Bedrooms 3.57 beds
Avg Bathrooms 2.29 baths

Average Price by Bedrooms

2 bedrooms $251,303
3 bedrooms $332,185
4 bedrooms $432,502
5 bedrooms $563,660
Salem Home Price Trends
  9/2024 8/2024 7/2024 6/2024 5/2024
Total Listings 156 135 144 144 157
Average Price $409,298 $423,811 $389,448 $396,828 $394,956
Avg Price Change -3.55% +8.82% -1.89% +0.47% +2.42%
Median Price $384,669 $397,956 $385,330 $383,191 $383,165
Med Price Change -3.45% +3.28% +0.56% +0.01% +0.98%
Avg Bedrooms 3.55 beds 3.6 beds 3.47 beds 3.45 beds 3.5 beds
Avg Bathrooms 2.35 baths 2.41 baths 2.26 baths 2.24 baths 2.3 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Salem High 82 $368,871 100 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 153 $395,508 90 days
Distressed Homes 2 $227,000 76 days
Multi-Million Dollar Homes 4 $1,248,125 164 days
Newly Built Homes 40 $434,207 176 days
Homes with a Pool 14 $420,260 85 days
Reduced Price Homes 4 $291,987 78 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 October 15, 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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