Housing Prices in Salem, VA

How much do homes in Salem, VA cost?

Median List Price

$375,000

$215/sqft

Based on all homes listed in April 2024.

The Median List Price hasn't changed since March 2024.

Key Takeaway

The list price of homes in Salem has remained the same since March.

Summary: The median home list price in Salem was $375,000 in April 2024, the same as the previous month, and the median price per square foot was $215.

Median List Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $239.9K$239.9K
0.0%
3 $345.8K$350K
+1.2%
4 $443.5K$452K
+1.9%
5+ $550K$525K
-4.5%

Summary: Salem housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 4.5%.

Median List Price Compared To Nearby Neighborhoods

Glenwood
+8.2%
Coventry
+2.5%
Glenwood Seasons
+2.2%
Salem
0.0%

Housing Supply in Salem, VA

How many homes are available in Salem, VA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
8193+14.8%

Summary: The Salem real estate market had 93 homes for sale in April 2024, a 14.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1113
+18.2%
3 3440
+17.6%
4 3233
+3.1%
5+ 47
+75.0%

Summary: The Salem housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 75%.

Days on Market for Salem, VA

How long does it take to sell a home in Salem, VA?

Average Listing Age

Mar 2024Apr 2024CHANGE
53 Days49 Days-6.8%

Summary: Homes in Salem had an average listing age of 49 days in Apr 2024, down by 6.8% compared to the previous month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Salem, VA

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