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

Salem Market Report

$302,338

AVERAGE PRICE OF 148 HOMES

$1,020,553

AVERAGE PRICE OF 1 MULTI-MILLION DOLLAR HOMES

$417,801

AVERAGE PRICE OF 42 NEWLY BUILT HOMES

$296,633

AVERAGE PRICE OF 6 HOMES WITH A POOL

Average Home

Average Price $302,338
Avg Bedrooms 3.38 beds
Avg Bathrooms 2.09 baths

Average Price by Bedrooms

1 bedroom $129,633
2 bedrooms $149,635
3 bedrooms $268,973
4 bedrooms $352,564
5 bedrooms $483,433
Salem Home Price Trends
  1/2021 12/2020 11/2020 10/2020 9/2020
Total Listings 163 169 199 202 192
Average Price $286,365 $283,297 $285,881 $290,013 $299,151
Avg Price Change +1.08% -0.91% -1.45% -3.15% -6.29%
Median Price $258,158 $250,311 $250,969 $255,683 $273,857
Med Price Change +3.13% -0.26% -1.88% -7.11% -7.97%
Avg Bedrooms 3.39 beds 3.39 beds 3.4 beds 3.4 beds 3.46 beds
Avg Bathrooms 2.08 baths 2.08 baths 2.11 baths 2.17 baths 2.2 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Glenvar 58 $306,062 118 days
Hidden Valley 6 $637,807 198 days
Salem High 84 $275,804 87 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 148 $302,338 104 days
Multi-Million Dollar Homes 1 $1,020,553 377 days
Newly Built Homes 42 $417,801 150 days
Homes with a Pool 6 $296,633 143 days
Reiner Realty Group, Realtors with Lichtenstein Rowan
Rene Reiner
3621 Manassas Drive
Roanoke, VA 24018
540-793-4095
Joel Balsley
NMLS#210455
Licensed in VA
Office #: 540-278-1430
Mobile #: 540-597-8877
joelbalsley@atlanticbay.com


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 February 26, 2021. Information is deemed to be reliable, but is not guaranteed. Roanoke Valley Association of Realtors© 2021 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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