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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