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

Salem Market Report

$373,320

AVERAGE PRICE OF 142 HOMES

$1,147,000

AVERAGE PRICE OF 2 MULTI-MILLION DOLLAR HOMES

$454,189

AVERAGE PRICE OF 45 NEWLY BUILT HOMES

$422,575

AVERAGE PRICE OF 16 HOMES WITH A POOL

$402,967

AVERAGE PRICE OF 8 REDUCED PRICE HOMES

Average Home

Average Price $373,320
Avg Bedrooms 3.34 beds
Avg Bathrooms 2.14 baths

Average Price by Bedrooms

1 bedroom $324,950
2 bedrooms $227,368
3 bedrooms $326,112
4 bedrooms $451,347
5 bedrooms $619,910
Salem Home Price Trends
  2/2024 1/2024 12/2023 11/2023 10/2023
Total Listings 135 134 133 138 135
Average Price $371,770 $374,563 $368,490 $392,139 $406,750
Avg Price Change -0.75% +1.65% -6.42% -3.73% +1.26%
Median Price $379,044 $384,533 $368,825 $373,907 $381,576
Med Price Change -1.45% +4.26% -1.38% -2.05% +0.24%
Avg Bedrooms 3.36 beds 3.42 beds 3.42 beds 3.44 beds 3.49 beds
Avg Bathrooms 2.14 baths 2.19 baths 2.22 baths 2.26 baths 2.27 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Salem High 84 $370,255 105 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 142 $373,320 99 days
Multi-Million Dollar Homes 2 $1,147,000 26 days
Newly Built Homes 45 $454,189 151 days
Homes with a Pool 16 $422,575 141 days
Reduced Price Homes 8 $402,967 100 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
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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 March 3, 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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