Housing Prices in Salem, VA
How much do homes in Salem, VA cost?
Median List Price
$375,000
$210/sqft
Based on all homes listed in February 2024.
Difference Since Last Month
Summary: The median home list price in Salem was $375,000 in February 2024, up 1.4% from the previous month, and the median price per square foot was $210.
Median List Price By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $235K | $221.3K | -5.8% |
3 Bedrooms | $327.5K | $337.5K | +3.1% |
4 Bedrooms | $447.5K | $440K | -1.7% |
5+ Bedrooms | $565K | $575K | +1.8% |
Summary: Salem housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.8%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 1.8%.
Median List Price Compared To Nearby Neighborhoods
Coventry | $360K | $372.5K | +3.5% |
Glenwood | $395K | $405K | +2.5% |
Salem | $369.9K | $375K | +1.4% |
Glenwood Seasons | $450K | $450K | 0.0% |
Housing Supply in Salem, VA
How many homes are available in Salem, VA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
80 | 88 | +10.0% |
Summary: The Salem real estate market had 88 homes for sale in February 2024, a 10.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 12 | +9.1% |
3 Bedrooms | 30 | 32 | +6.7% |
4 Bedrooms | 34 | 41 | +20.6% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Salem housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes decreased by 40%.
Days on Market for Salem, VA
How long does it take to sell a home in Salem, VA?
Average Listing Age
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
67 Days | 67 Days | +1.0% |
Summary: Homes in Salem had an average listing age of 67 days in Feb 2024, up by 1% compared to the previous month.