Housing Prices in Salem, WV
How much do homes in Salem, WV cost?
Median List Price
$159,000
$89/sqft
Based on all homes listed in April 2024.
Difference Since Last Month
Key Takeaway
The list price of homes in Salem has increased by 14.8% since March.
Summary: The median home list price in Salem was $159,000 in April 2024, up 14.8% from the previous month, and the median price per square foot was $89.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $66.2K | $87.5K | +32.2% |
| 3 Bedrooms | $160K | $145K | -9.4% |
| 4 Bedrooms | $159K | $174K | +9.4% |
| 5+ Bedrooms | - | - | N/A |
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 increased by 32.2%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Cities
| Salem | $138.5K | $159K | +14.8% |
| Salem | $138.5K | $159K | +14.8% |
| Southwest | $170.5K | $182K | +6.7% |
Housing Supply in Salem, WV
How many homes are available in Salem, WV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 17 | +70.0% |
Summary: The Salem real estate market had 17 homes for sale in April 2024, a 70.0% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 7 | 12 | +71.4% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
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 50%, 3 bedroom homes increased by 71.4%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Days on Market for Salem, WV
How long does it take to sell a home in Salem, WV?
Average Listing Age
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 136 Days | 102 Days | -25.2% |
Summary: Homes in Salem had an average listing age of 102 days in Apr 2024, down by 25.2% compared to the previous month.
