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Salem Market Report

$317,794

AVERAGE PRICE OF 216 HOMES

$1,136,851

AVERAGE PRICE OF 3 MULTI-MILLION DOLLAR HOMES

$412,752

AVERAGE PRICE OF 45 NEWLY BUILT HOMES

$366,433

AVERAGE PRICE OF 17 HOMES WITH A POOL

$342,305

AVERAGE PRICE OF 9 REDUCED PRICE HOMES

Average Home

Average Price $317,794
Avg Bedrooms 4.28 beds
Avg Bathrooms 3.12 baths

Average Price by Bedrooms

1 bedroom $87,497
2 bedrooms $179,773
3 bedrooms $267,405
4 bedrooms $336,726
5 bedrooms $841,471
Salem Home Price Trends
  6/2020 5/2020 4/2020 3/2020 2/2020
Total Listings 214 208 212 199 182
Average Price $297,436 $287,824 $281,256 $275,455 $261,849
Avg Price Change +3.34% +2.34% +2.11% +5.20% -1.59%
Median Price $268,729 $260,772 $258,222 $253,582 $226,823
Med Price Change +3.05% +0.99% +1.83% +11.80% -0.48%
Avg Bedrooms 3.55 beds 3.76 beds 4.09 beds 4.22 beds 4.19 beds
Avg Bathrooms 2.15 baths 3.07 baths 2.73 baths 2.55 baths 2.53 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Glenvar 84 $307,150 79 days
Hidden Valley 7 $680,679 72 days
Salem High 124 $297,446 63 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 216 $317,794 35 days
Multi-Million Dollar Homes 3 $1,136,851 39 days
Newly Built Homes 45 $412,752 92 days
Homes with a Pool 17 $366,433 60 days
Reduced Price Homes 9 $342,305 65 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 July 15, 2020. Information is deemed to be reliable, but is not guaranteed. Roanoke Valley Association of Realtors© 2020 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.