Salem Market Report
$237,888
AVERAGE PRICE OF 179 HOMES$330,928
AVERAGE PRICE OF 28 NEWLY BUILT HOMES$343,689
AVERAGE PRICE OF 5 HOMES WITH A POOL$174,950
AVERAGE PRICE OF 1 REDUCED PRICE HOMESAverage Home
| Average Price | $237,888 |
| Avg Bedrooms | 3.28 beds |
| Avg Bathrooms | 2.04 baths |
Average Price by Bedrooms
| 1 bedroom | $125,712 |
| 2 bedrooms | $133,677 |
| 3 bedrooms | $198,745 |
| 4 bedrooms | $308,579 |
| 5 bedrooms | $405,879 |
Salem Home Price Trends
| 1/2019 | 12/2018 | 11/2018 | 10/2018 | 9/2018 | |
|---|---|---|---|---|---|
| Total Listings | 168 | 174 | 154 | 145 | 148 |
| Average Price | $246,716 | $243,748 | $254,660 | $266,253 | $272,102 |
| Avg Price Change | +1.22% | -4.48% | -4.55% | -2.20% | +0.62% |
| Median Price | $204,399 | $199,462 | $229,370 | $252,457 | $268,136 |
| Med Price Change | +2.48% | -14.99% | -10.07% | -6.21% | +1.10% |
| Avg Bedrooms | 3.35 beds | 3.35 beds | 3.42 beds | 3.48 beds | 3.53 beds |
| Avg Bathrooms | 2.08 baths | 2.11 baths | 2.15 baths | 2.2 baths | 2.25 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Glenvar | 71 | $261,833 | 144 days |
| Hidden Valley | 1 | $675,000 | 85 days |
| Lord Botetourt | 1 | $649,950 | 195 days |
| Northside | 3 | $196,466 | 138 days |
| Salem High | 103 | $214,345 | 81 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 179 | $237,888 | 107 days |
| Newly Built Homes | 28 | $330,928 | 265 days |
| Homes with a Pool | 5 | $343,689 | 52 days |
| Reduced Price Homes | 1 | $174,950 | 90 days |
