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

Salem Market Report

$402,377

AVERAGE PRICE OF 131 HOMES

$1,526,333

AVERAGE PRICE OF 3 MULTI-MILLION DOLLAR HOMES

$419,384

AVERAGE PRICE OF 44 NEWLY BUILT HOMES

$403,183

AVERAGE PRICE OF 12 HOMES WITH A POOL

$436,788

AVERAGE PRICE OF 7 REDUCED PRICE HOMES

Average Home

Average Price $402,377
Avg Bedrooms 3.44 beds
Avg Bathrooms 2.19 baths

Average Price by Bedrooms

1 bedroom $222,500
2 bedrooms $257,510
3 bedrooms $332,601
4 bedrooms $440,746
5 bedrooms $641,242
Salem Home Price Trends
  2/2025 1/2025 12/2024 11/2024 10/2024
Total Listings 121 114 120 149 154
Average Price $406,419 $409,569 $407,856 $398,229 $392,100
Avg Price Change -0.78% +0.42% +2.42% +1.56% -4.39%
Median Price $383,809 $384,889 $384,586 $378,841 $375,492
Med Price Change -0.28% +0.08% +1.52% +0.89% -2.44%
Avg Bedrooms 3.43 beds 3.49 beds 3.55 beds 3.53 beds 3.53 beds
Avg Bathrooms 2.15 baths 2.18 baths 2.2 baths 2.24 baths 2.27 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Salem High 77 $371,602 96 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 131 $402,377 89 days
Multi-Million Dollar Homes 3 $1,526,333 113 days
Newly Built Homes 44 $419,384 162 days
Homes with a Pool 12 $403,183 86 days
Reduced Price Homes 7 $436,788 57 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 18, 2025. Information is deemed to be reliable, but is not guaranteed. Roanoke Valley Association of Realtors© 2025 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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