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Salem Market Report

$387,004

AVERAGE PRICE OF 146 HOMES

$220,000

AVERAGE PRICE OF 2 DISTRESSED HOMES

$1,232,667

AVERAGE PRICE OF 3 MULTI-MILLION DOLLAR HOMES

$444,574

AVERAGE PRICE OF 41 NEWLY BUILT HOMES

$452,400

AVERAGE PRICE OF 14 HOMES WITH A POOL

$324,969

AVERAGE PRICE OF 5 REDUCED PRICE HOMES

Average Home

Average Price $387,004
Avg Bedrooms 3.46 beds
Avg Bathrooms 2.24 baths

Average Price by Bedrooms

1 bedroom $204,950
2 bedrooms $252,588
3 bedrooms $319,296
4 bedrooms $446,296
5 bedrooms $585,123
Salem Home Price Trends
  6/2024 5/2024 4/2024 3/2024 2/2024
Total Listings 144 157 153 143 135
Average Price $396,828 $394,956 $385,631 $380,526 $371,770
Avg Price Change +0.47% +2.42% +1.34% +2.36% -0.75%
Median Price $383,191 $383,165 $379,465 $372,588 $379,044
Med Price Change +0.01% +0.98% +1.85% -1.73% -1.45%
Avg Bedrooms 3.45 beds 3.5 beds 3.45 beds 3.38 beds 3.36 beds
Avg Bathrooms 2.24 baths 2.3 baths 2.26 baths 2.21 baths 2.14 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Salem High 80 $363,690 96 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 146 $387,004 87 days
Distressed Homes 2 $220,000 23 days
Multi-Million Dollar Homes 3 $1,232,667 109 days
Newly Built Homes 41 $444,574 187 days
Homes with a Pool 14 $452,400 124 days
Reduced Price Homes 5 $324,969 29 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
expectmore.png
Lloyd Blankenship
540-312-3759

Last updated; multiple times July 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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