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Salem Market Report

$264,617

AVERAGE PRICE OF 201 HOMES

$407,901

AVERAGE PRICE OF 26 NEWLY BUILT HOMES

$316,754

AVERAGE PRICE OF 11 HOMES WITH A POOL

$208,831

AVERAGE PRICE OF 8 REDUCED PRICE HOMES

Average Home

Average Price	$264,617
Avg Bedrooms	3.4 beds
Avg Bathrooms	2.15 baths

Average Price by Bedrooms

1 bedroom	$113,816
2 bedrooms	$128,871
3 bedrooms	$218,457
4 bedrooms	$298,029
5 bedrooms	$516,258

Salem Home Price Trends

	5/2019	4/2019	3/2019	2/2019	1/2019
Total Listings	207	203	182	179	168
Average Price	$259,592	$244,937	$238,852	$239,068	$246,716
Avg Price Change	+5.98%	+2.55%	-0.09%	-3.20%	+1.22%
Median Price	$231,273	$212,464	$199,541	$193,751	$204,399
Med Price Change	+8.85%	+6.48%	+2.99%	-5.50%	+2.48%
Avg Bedrooms	3.44 beds	3.37 beds	3.32 beds	3.29 beds	3.35 beds
Avg Bathrooms	2.16 baths	2.06 baths	2.03 baths	2.03 baths	2.08 baths

Home Price by High School

School Name	Total Homes	Average Price	Avg Days on Site
Glenvar	80	$273,322	130 days
Hidden Valley	5	$741,980	149 days
Lord Botetourt	1	$299,900	39 days
Other - See Remarks	1	$650,000	41 days
Salem High	114	$233,881	66 days

Home Price by House Size

	Total Homes	Average Price	Avg Days on Site
All Homes	201	$264,617	93 days
Newly Built Homes	26	$407,901	281 days
Homes with a Pool	11	$316,754	49 days
Reduced Price Homes	8	$208,831	82 days

Last updated; multiple times June 17, 2019. Information is deemed to be reliable, but is not guaranteed. Roanoke Valley Association of Realtors© 2019 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.