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Salem Market Report

$390,371

AVERAGE PRICE OF 166 HOMES

$1,249,000

AVERAGE PRICE OF 1 MULTI-MILLION DOLLAR HOMES

$467,737

AVERAGE PRICE OF 56 NEWLY BUILT HOMES

$332,527

AVERAGE PRICE OF 9 HOMES WITH A POOL

$376,968

AVERAGE PRICE OF 8 REDUCED PRICE HOMES

Average Home

Average Price	$390,371
Avg Bedrooms	3.36 beds
Avg Bathrooms	2.18 baths

Average Price by Bedrooms

1 bedroom	$192,000
2 bedrooms	$257,443
3 bedrooms	$333,261
4 bedrooms	$469,186
5 bedrooms	$618,941

Salem Home Price Trends

	5/2025	4/2025	3/2025	2/2025	1/2025
Total Listings	164	140	131	121	114
Average Price	$377,718	$400,425	$403,901	$406,419	$409,569
Avg Price Change	-6.01%	-0.87%	-0.62%	-0.78%	+0.42%
Median Price	$370,458	$376,329	$387,081	$383,809	$384,889
Med Price Change	-1.58%	-2.86%	+0.85%	-0.28%	+0.08%
Avg Bedrooms	3.24 beds	3.36 beds	3.43 beds	3.43 beds	3.49 beds
Avg Bathrooms	2.07 baths	2.13 baths	2.19 baths	2.15 baths	2.18 baths

Home Price by High School

School Name	Total Homes	Average Price	Avg Days on Site
Salem High	85	$344,021	75 days

	Total Homes	Average Price	Avg Days on Site
All Homes	166	$390,371	77 days
Multi-Million Dollar Homes	1	$1,249,000	88 days
Newly Built Homes	56	$467,737	127 days
Homes with a Pool	9	$332,527	120 days
Reduced Price Homes	8	$376,968	77 days

Last updated; multiple times June 22, 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.