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Salem Market Report

$265,343

AVERAGE PRICE OF 202 HOMES

$337,817

AVERAGE PRICE OF 37 NEWLY BUILT HOMES

$302,385

AVERAGE PRICE OF 12 HOMES WITH A POOL

$162,500

AVERAGE PRICE OF 3 REDUCED PRICE HOMES

Average Home

Average Price $265,343
Avg Bedrooms 4.22 beds
Avg Bathrooms 2.6 baths

Average Price by Bedrooms

1 bedroom $120,000
2 bedrooms $132,110
3 bedrooms $222,274
4 bedrooms $315,811
5 bedrooms $337,108
Salem Home Price Trends
  11/2019 10/2019 9/2019 8/2019 7/2019
Total Listings 203 200 193 201 207
Average Price $266,791 $272,317 $267,308 $261,288 $256,844
Avg Price Change -2.07% +1.87% +2.30% +1.73% -1.95%
Median Price $241,017 $250,156 $241,945 $227,851 $222,690
Med Price Change -3.79% +3.39% +6.19% +2.32% -6.02%
Avg Bedrooms 4.23 beds 4.25 beds 3.5 beds 3.48 beds 3.42 beds
Avg Bathrooms 2.59 baths 2.61 baths 2.21 baths 2.19 baths 2.12 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Glenvar 76 $273,380 161 days
Hidden Valley 2 $533,950 102 days
Salem High 123 $255,974 88 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 202 $265,343 82 days
Newly Built Homes 37 $337,817 243 days
Homes with a Pool 12 $302,385 70 days
Reduced Price Homes 3 $162,500 185 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 December 7, 2019. Information is deemed to be reliable, but is not guaranteed. Roanoke Valley Association of Realtors© 2019 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.