$215,000
868 SqFt
2 Beds
•1 Full Bath
Listing Office: MKB, REALTORS(r)
September 2024
Report Updated 30 Days Ago
Is Salem, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Salem was a Seller's Market.
How much do homes in Salem, VA cost?
$295,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
Summary: The median home sold price in Salem was $295,000 in September 2024, up 3.1% from last year, and the median price per square foot was $171.
# BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $140K | $173K | +23.6% |
2 Bedrooms | $187.2K | $200K | +6.8% |
3 Bedrooms | $255K | $277K | +8.6% |
4 Bedrooms | $363.5K | $389.7K | +7.2% |
5+ Bedrooms | $510K | $495K | -2.9% |
Summary: Salem housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.6%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes decreased by 2.9%.
Catawba | $296.7K | $322K | +8.5% |
Roanoke | $250K | $269.9K | +8.0% |
Salem | $285.8K | $295K | +3.2% |
Salem | $286K | $295K | +3.1% |
Windsor Hills | $371.4K | $378.2K | +1.8% |
How many homes are available in Salem, VA?
Aug 2024 | Sep 2024 | CHANGE |
---|---|---|
162 | 181 | +11.7% |
Summary: The Salem real estate market had 181 homes for sale in September 2024, a 11.7% increase compared to August 2024.
# BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 18 | +28.6% |
3 Bedrooms | 67 | 74 | +10.4% |
4 Bedrooms | 67 | 69 | +3.0% |
5+ Bedrooms | 14 | 20 | +42.9% |
Summary: The Salem housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 42.9%.
Aug 2024 | Sep 2024 | CHANGE |
---|---|---|
41 | 30 | -26.8% |
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Salem in September 2024, down by 26.8% month-over-month. Of the 30 sold homes, 43% were sold under asking, 23% were sold at asking, and 33% were sold over asking.
We’re sorry, we don't have information for this market at the moment
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During September 2024, 30 homes were sold in Salem; 3% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.
Report Updated 30 Days Ago
Local real estate agents are ready to help you find a home here.
Connect With An AgentSell your home with an expert or get the job done on your own.
Sell My HomeGet a customizable mortgage solution based on today's rates.
Get ApprovedWhat homes are available in Salem, VA?
See More ListingsWhat housing markets are near Salem, VA?
MLS Disclaimers and Copyright
Based on information from Roanoke Valley Association of Realtors MLS, and Lynchburg MLS for the period 10/01/2022 - 10/01/2024
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, 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 web site may only use this listing data for their personal, non-commercial benefit. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The unauthorized retrieval or use of this listing data is prohibited.
All information is deemed reliable but not guaranteed, and should be independently verified. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/31/2024, 7:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information is provided by the Lynchburg Association of REALTORS®. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2024 Lynchburg Association of REALTORS®. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/31/2024, 7:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Popular Cities with Homes for Sale in Virginia
Homes For Sale in Alexandria, VA
Homes For Sale in Charlottesville, VA
Homes For Sale in Chesapeake, VA
Homes For Sale in Fairfax, VA
Homes For Sale in Fredericksburg, VA
Homes For Sale in Gainesville, VA
Homes For Sale in Hampton, VA
Homes For Sale in Leesburg, VA
Homes For Sale in Lynchburg, VA
Homes For Sale in Manassas, VA
Homes For Sale in Midlothian, VA
Homes For Sale in Newport News, VA
Homes For Sale in Norfolk, VA
Homes For Sale in Richmond, VA
Homes For Sale in Roanoke, VA
Homes For Sale in Salem, VA
Homes For Sale in Stafford, VA
Homes For Sale in Suffolk, VA
Homes For Sale in Williamsburg, VA
Homes For Sale in Winchester, VA
Homes For Sale in Woodbridge, VA