If you need assistance, please call 540-366-7771

Salem Market Report

$355,570

AVERAGE PRICE OF 108 HOMES

$166,250

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,180,000

AVERAGE PRICE OF 1 MULTI-MILLION DOLLAR HOMES

$469,726

AVERAGE PRICE OF 27 NEWLY BUILT HOMES

$461,360

AVERAGE PRICE OF 10 HOMES WITH A POOL

$129,750

AVERAGE PRICE OF 2 REDUCED PRICE HOMES

Average Home

Average Price $355,570
Avg Bedrooms 3.41 beds
Avg Bathrooms 2.15 baths

Average Price by Bedrooms

1 bedroom $144,975
2 bedrooms $154,740
3 bedrooms $313,678
4 bedrooms $399,633
5 bedrooms $576,069
Salem Home Price Trends
  11/2022 10/2022 9/2022 8/2022 7/2022
Total Listings 102 117 124 125 135
Average Price $357,045 $360,198 $358,759 $361,766 $359,564
Avg Price Change -0.88% +0.40% -0.84% +0.61% n/a
Median Price $323,565 $324,948 $327,852 $331,447 $324,043
Med Price Change -0.43% -0.89% -1.10% +2.28% n/a
Avg Bedrooms 3.47 beds 3.47 beds 3.49 beds 3.51 beds 3.51 beds
Avg Bathrooms 2.16 baths 2.17 baths 2.12 baths 2.13 baths 2.15 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Glenvar 43 $343,404 79 days
Hidden Valley 2 $748,866 169 days
Salem High 63 $351,388 88 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 108 $355,570 86 days
Distressed Homes 1 $166,250 35 days
Multi-Million Dollar Homes 1 $1,180,000 154 days
Newly Built Homes 27 $469,726 177 days
Homes with a Pool 10 $461,360 72 days
Reduced Price Homes 2 $129,750 21 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 December 9, 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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