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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. Framed by mountains, Salem offers a beautiful setting for your next vacation in Virginia’s Blue Ridge, and its convenient access to Interstate 81 enables it to serve as a great spot for an overnight stay while passing through the region. In Downtown Salem, visitors can enjoy experiences such as antique shopping, checking out local goods at the Salem Farmers Market, grabbing a craft beer at Olde Salem Brewing Company, or chowing down on the famous calzones at Mac & Bob’s Restaurant. via visitroanokeva.com

Salem Market Report

$392,306

AVERAGE PRICE OF 147 HOMES

$260,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,195,600

AVERAGE PRICE OF 5 MULTI-MILLION DOLLAR HOMES

$447,225

AVERAGE PRICE OF 43 NEWLY BUILT HOMES

$439,781

AVERAGE PRICE OF 18 HOMES WITH A POOL

$565,437

AVERAGE PRICE OF 8 REDUCED PRICE HOMES

Average Home

Average Price $392,306
Avg Bedrooms 3.42 beds
Avg Bathrooms 2.21 baths

Average Price by Bedrooms

1 bedroom $179,950
2 bedrooms $228,444
3 bedrooms $322,174
4 bedrooms $459,930
5 bedrooms $676,252
Salem Home Price Trends
  5/2024 4/2024 3/2024 2/2024 1/2024
Total Listings 157 153 143 135 134
Average Price $394,956 $385,631 $380,526 $371,770 $374,563
Avg Price Change +2.42% +1.34% +2.36% -0.75% +1.65%
Median Price $383,165 $379,465 $372,588 $379,044 $384,533
Med Price Change +0.98% +1.85% -1.73% -1.45% +4.26%
Avg Bedrooms 3.5 beds 3.45 beds 3.38 beds 3.36 beds 3.42 beds
Avg Bathrooms 2.3 baths 2.26 baths 2.21 baths 2.14 baths 2.19 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Salem High 86 $357,385 86 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 147 $392,306 82 days
Distressed Homes 1 $260,000 6 days
Multi-Million Dollar Homes 5 $1,195,600 60 days
Newly Built Homes 43 $447,225 168 days
Homes with a Pool 18 $439,781 107 days
Reduced Price Homes 8 $565,437 91 days
Greenway Group Realtors
Brad Greenway
1211 Hardy Rd, Ste 2
Vinton, VA 24179
540-632-1423
Licensed in Virginia
Screenshot_2023-09-19_115643-removebg-preview.png
Jason Helmintoller
501 E Dolly Ann Drive, Suite B
Covington, VA 24426
540-691-6351
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Lloyd Blankenship
540-312-3759

Last updated; multiple times June 23, 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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