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  • Salem Market Report

    $246,954

    AVERAGE PRICE OF 168 HOMES

    $335,025

    AVERAGE PRICE OF 32 NEWLY BUILT HOMES

    $401,399

    AVERAGE PRICE OF 6 HOMES WITH A POOL

    $235,500

    AVERAGE PRICE OF 1 REDUCED PRICE HOMES

    Average Home

    Average Price $246,954
    Avg Bedrooms 3.36 beds
    Avg Bathrooms 2.06 baths

    Average Price by Bedrooms

    1 bedroom $109,425
    2 bedrooms $144,333
    3 bedrooms $202,713
    4 bedrooms $312,734
    5 bedrooms $390,732
    Salem Home Price Trends
      12/2018 11/2018 10/2018 9/2018 8/2018
    Total Listings 174 154 145 148 151
    Average Price $243,748 $254,660 $266,253 $272,102 $270,428
    Avg Price Change -4.48% -4.55% -2.20% +0.62% +2.55%
    Median Price $199,462 $229,370 $252,457 $268,136 $265,218
    Med Price Change -14.99% -10.07% -6.21% +1.10% +4.48%
    Avg Bedrooms 3.35 beds 3.42 beds 3.48 beds 3.53 beds 3.55 beds
    Avg Bathrooms 2.11 baths 2.15 baths 2.2 baths 2.25 baths 2.26 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Site
    Glenvar 72 $265,130 137 days
    Hidden Valley 1 $675,000 62 days
    Lord Botetourt 1 $674,975 172 days
    Northside 3 $196,466 115 days
    Salem High 91 $224,830 94 days
    Home Price by House Size
    Total Homes Average Price Avg Days on Site
    All Homes 168 $246,954 113 days
    Newly Built Homes 32 $335,025 235 days
    Homes with a Pool 6 $401,399 33 days
    Reduced Price Homes 1 $235,500 181 days
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