Housing Prices in Salem, VA
How much do homes in Salem, VA cost?
Median List Price
$375,000
$215/sqft
Based on all homes listed in April 2024.
The Median List Price hasn't changed since March 2024.
Summary: The median home list price in Salem was $375,000 in April 2024, the same as the previous month, and the median price per square foot was $215.
Median List Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $239.9K | $239.9K | 0.0% |
3 Bedrooms | $345.8K | $350K | +1.2% |
4 Bedrooms | $443.5K | $452K | +1.9% |
5+ Bedrooms | $550K | $525K | -4.5% |
Summary: Salem housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 4.5%.
Median List Price Compared To Nearby Neighborhoods
Glenwood | $447K | $483.4K | +8.2% |
Coventry | $393.7K | $403.7K | +2.5% |
Glenwood Seasons | $464.9K | $474.9K | +2.2% |
Salem | $375K | $375K | 0.0% |
Housing Supply in Salem, VA
How many homes are available in Salem, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
81 | 93 | +14.8% |
Summary: The Salem real estate market had 93 homes for sale in April 2024, a 14.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 13 | +18.2% |
3 Bedrooms | 34 | 40 | +17.6% |
4 Bedrooms | 32 | 33 | +3.1% |
5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Salem housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 75%.
Days on Market for Salem, VA
How long does it take to sell a home in Salem, VA?
Average Listing Age
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 Days | 49 Days | -6.8% |
Summary: Homes in Salem had an average listing age of 49 days in Apr 2024, down by 6.8% compared to the previous month.