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Salem Market Report

$383,878

AVERAGE PRICE OF 161 HOMES

$229,900

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,163,167

AVERAGE PRICE OF 3 MULTI-MILLION DOLLAR HOMES

$456,786

AVERAGE PRICE OF 42 NEWLY BUILT HOMES

$422,915

AVERAGE PRICE OF 19 HOMES WITH A POOL

$413,540

AVERAGE PRICE OF 11 REDUCED PRICE HOMES

Average Home

Average Price $383,878
Avg Bedrooms 3.47 beds
Avg Bathrooms 2.25 baths

Average Price by Bedrooms

1 bedroom $162,500
2 bedrooms $239,659
3 bedrooms $318,450
4 bedrooms $443,070
5 bedrooms $598,660
Salem Home Price Trends
  3/2024 2/2024 1/2024 12/2023 11/2023
Total Listings 143 135 134 133 138
Average Price $380,526 $371,770 $374,563 $368,490 $392,139
Avg Price Change +2.36% -0.75% +1.65% -6.42% -3.73%
Median Price $372,588 $379,044 $384,533 $368,825 $373,907
Med Price Change -1.73% -1.45% +4.26% -1.38% -2.05%
Avg Bedrooms 3.38 beds 3.36 beds 3.42 beds 3.42 beds 3.44 beds
Avg Bathrooms 2.21 baths 2.14 baths 2.19 baths 2.22 baths 2.26 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Salem High 95 $354,993 81 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 161 $383,878 77 days
Distressed Homes 1 $229,900 30 days
Multi-Million Dollar Homes 3 $1,163,167 64 days
Newly Built Homes 42 $456,786 155 days
Homes with a Pool 19 $422,915 101 days
Reduced Price Homes 11 $413,540 112 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 April 22, 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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