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

Salem Market Report

$410,163

AVERAGE PRICE OF 134 HOMES

$299,250

AVERAGE PRICE OF 1 DISTRESSED HOMES

$2,500,000

AVERAGE PRICE OF 1 MULTI-MILLION DOLLAR HOMES

$451,542

AVERAGE PRICE OF 41 NEWLY BUILT HOMES

$437,300

AVERAGE PRICE OF 19 HOMES WITH A POOL

$348,453

AVERAGE PRICE OF 14 REDUCED PRICE HOMES

Average Home

Average Price $410,163
Avg Bedrooms 3.5 beds
Avg Bathrooms 2.28 baths

Average Price by Bedrooms

1 bedroom $227,450
2 bedrooms $228,925
3 bedrooms $349,484
4 bedrooms $449,841
5 bedrooms $645,984
Salem Home Price Trends
  9/2023 8/2023 7/2023 6/2023 5/2023
Total Listings 131 118 119 118 126
Average Price $401,674 $381,625 $372,149 $381,473 $391,170
Avg Price Change +5.25% +2.55% -2.51% -2.54% +5.22%
Median Price $380,665 $372,526 $368,691 $381,909 $376,198
Med Price Change +2.18% +1.04% -3.59% +1.52% +5.99%
Avg Bedrooms 3.53 beds 3.53 beds 3.47 beds 3.44 beds 3.47 beds
Avg Bathrooms 2.24 baths 2.21 baths 2.14 baths 2.18 baths 2.21 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Glenvar 55 $420,355 65 days
Hidden Valley 2 $684,950 119 days
Salem High 77 $395,746 82 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 134 $410,163 76 days
Distressed Homes 1 $299,250 54 days
Multi-Million Dollar Homes 1 $2,500,000 29 days
Newly Built Homes 41 $451,542 135 days
Homes with a Pool 19 $437,300 64 days
Reduced Price Homes 14 $348,453 100 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 October 2, 2023. Information is deemed to be reliable, but is not guaranteed. Roanoke Valley Association of Realtors© 2023 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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