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Salem Market Report

$366,116

AVERAGE PRICE OF 101 HOMES

$175,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,180,000

AVERAGE PRICE OF 1 MULTI-MILLION DOLLAR HOMES

$479,726

AVERAGE PRICE OF 27 NEWLY BUILT HOMES

$442,360

AVERAGE PRICE OF 10 HOMES WITH A POOL

$144,950

AVERAGE PRICE OF 1 REDUCED PRICE HOMES

Average Home

Average Price $366,116
Avg Bedrooms 3.74 beds
Avg Bathrooms 3.09 baths

Average Price by Bedrooms

2 bedrooms $161,837
3 bedrooms $318,787
4 bedrooms $378,590
5 bedrooms $576,069
Salem Home Price Trends
  10/2022 9/2022 8/2022 7/2022 6/2022
Total Listings 118 125 126 136 n/a
Average Price $360,110 $358,688 $361,671 $359,492 n/a
Avg Price Change +0.40% -0.83% +0.61% n/a n/a
Median Price $325,159 $328,028 $331,593 $324,233 n/a
Med Price Change -0.88% -1.09% +2.27% n/a n/a
Avg Bedrooms 3.74 beds 3.75 beds 3.76 beds 3.76 beds n/a
Avg Bathrooms 3.09 baths 3.06 baths 3.06 baths 3.07 baths n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Glenvar 39 $347,699 79 days
Hidden Valley 2 $748,866 161 days
Salem High 59 $365,591 95 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 101 $366,116 349 days
Distressed Homes 1 $175,000 27 days
Multi-Million Dollar Homes 1 $1,180,000 146 days
Newly Built Homes 27 $479,726 178 days
Homes with a Pool 10 $442,360 69 days
Reduced Price Homes 1 $144,950 8 days
United Home Group
2840 Electric Road Suite 104
Roanoke, VA 24018
434-660-6020

Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.
Last updated; multiple times November 30, 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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