If you need assistance, please call 540-793-4095

Joe Johnson
540-494-9284
0225247188

Salem

Why you'd want to live in Salem

Salem, Virginia, is a charming small city located adjacent to Roanoke, known for its friendly atmosphere, historic neighborhoods, and strong sense of community. Salem provides a variety of housing options, from historic single-family homes to contemporary townhouses and apartments.

Salem Market Report

$411,192

AVERAGE PRICE OF 160 HOMES

$232,500

AVERAGE PRICE OF 2 DISTRESSED HOMES

$1,278,500

AVERAGE PRICE OF 5 MULTI-MILLION DOLLAR HOMES

$446,308

AVERAGE PRICE OF 40 NEWLY BUILT HOMES

$429,895

AVERAGE PRICE OF 11 HOMES WITH A POOL

$352,588

AVERAGE PRICE OF 9 REDUCED PRICE HOMES

Average Home

Average Price $411,192
Avg Bedrooms 3.56 beds
Avg Bathrooms 2.34 baths

Average Price by Bedrooms

2 bedrooms $247,409
3 bedrooms $342,876
4 bedrooms $448,658
5 bedrooms $638,375
Salem Home Price Trends
  8/2024 7/2024 6/2024 5/2024 4/2024
Total Listings 135 144 144 157 153
Average Price $423,811 $389,448 $396,828 $394,956 $385,631
Avg Price Change +8.82% -1.89% +0.47% +2.42% +1.34%
Median Price $397,956 $385,330 $383,191 $383,165 $379,465
Med Price Change +3.28% +0.56% +0.01% +0.98% +1.85%
Avg Bedrooms 3.6 beds 3.47 beds 3.45 beds 3.5 beds 3.45 beds
Avg Bathrooms 2.41 baths 2.26 baths 2.24 baths 2.3 baths 2.26 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Salem High 96 $386,387 86 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 160 $411,192 79 days
Distressed Homes 2 $232,500 46 days
Multi-Million Dollar Homes 5 $1,278,500 116 days
Newly Built Homes 40 $446,308 160 days
Homes with a Pool 11 $429,895 75 days
Reduced Price Homes 9 $352,588 32 days
Reiner Realty
Rene Reiner
2923 Brambleton Ave. SW
Roanoke, VA 24015
540-793-4095
Joel Balsley
NMLS#210455
Licensed in VA
Office #: 540-278-1430
Mobile #: 540-597-8877
joelbalsley@atlanticbay.com



Fair Housing/Equal Opportunity
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Featured real estate company is not a mortgage lender and so you should contact Atlantic Bay Mortgage Group, L.L.C. directly to learn about its products and your eligibility for such products. The featured lender has an affiliated business relationship with the featured real estate agent. You are under no obligation to use the featured lender for financing. All loans subject to income verification, credit approval and property appraisal. Not a commitment to lend. Atlantic Bay Mortgage Group, L.L.C. NMLS #72043 (nmlsconsumeraccess.org) is an Equal Opportunity Lender. Located at 600 Lynnhaven Parkway Suite 203 Virginia Beach, VA 23452.
Last updated; multiple times September 15, 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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