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 HOMESAverage 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 |
