Salem, VA Housing Market
The Salem housing market is very competitive. The median sale price of a home in Salem was $230K last month, down 1.2% since last year. The median sale price per square foot in Salem is $151, down 0.66% since last year.
Salem Housing Market Trends
In April 2024, Salem home prices were down 1.2% compared to last year, selling for a median price of $230K. On average, homes in Salem sell after 12 days on the market compared to 9 days last year. There were 28 homes sold in April this year, up from 26 last year.
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How hot is the Salem housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for around list price and go pending in around 13 days.
- Hot homescan sell for about 4% above list price and go pending in around 3 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% below list price and go pending in around 7 days.
- Hot homescan sell for about 3% above list price and go pending in around 3 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% below list price and go pending in around 10 days.
- Hot homescan sell for about 2% above list price and go pending in around 3 days.
Salem Migration & Relocation Trends
Home offer insights for Salem
Recent offers
View houses in Salem that sold recently
Recently sold homes
- $225,000 Last Sold Price4 beds2 baths2,570 sq ft201 Elm St, Salem, VA 24153List Price$225,000Sale to List0% over listDays on Market46 days201 Elm St, Salem, VA 24153
- $245,000 Last Sold Price4 beds2.5 baths2,000 sq ft604 Frey St, Salem, VA 24153List Price$244,950Sale to List0% over listDays on Market30 days604 Frey St, Salem, VA 24153
- $450,000 Last Sold Price3 beds3 baths3,152 sq ft1710 Amy Ln, Salem, VA 24153List Price$450,000Sale to List0% over listDays on Market45 days1710 Amy Ln, Salem, VA 24153
- $391,200 Last Sold Price5 beds2.5 baths2,576 sq ft4820 Warrior Dr, Salem, VA 24153List Price$389,950Sale to List0% over listDays on Market80 days4820 Warrior Dr, Salem, VA 24153
- $290,000 Last Sold Price3 beds2 baths1,400 sq ft807 Craig Ave, Salem, VA 24153List Price$285,000Sale to List2% over listDays on Market55 days807 Craig Ave, Salem, VA 24153
- $575,000 Last Sold Price4 beds3 baths4,506 sq ft1262 Pickwick Ln, Salem, VA 24153List Price$575,000Sale to List0% over listDays on Market44 days1262 Pickwick Ln, Salem, VA 24153
- $69,950 Last Sold Price—beds—baths—sq ft4461 Mayfair Dr, Salem, VA 24153List Price$69,950Sale to List0% over listDays on Market35 days4461 Mayfair Dr, Salem, VA 24153
- $482,500 Last Sold Price3 beds3 baths3,038 sq ft1939 Maylin Dr, Salem, VA 24153List Price$500,000Sale to List4% under listDays on Market61 days1939 Maylin Dr, Salem, VA 24153
See all recently sold homes in Salem.
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Schools in Salem
- Elementary
- Middle
- High
GreatSchools Rating
8/10 South Salem Elementary School Public • K-5 | 363 Students | 7 reviews |
8/10 Fort Lewis Elementary School Public • PreK-5 | 238 Students | 2 reviews |
7/10 Glen Cove Elementary School Public • PreK-5 | 423 Students | 2 reviews |
7/10 East Salem Elementary School Public • PreK-5 | 437 Students | 10 reviews |
5/10 G.W. Carver Elementary School Public • PreK-5 | 447 Students | 5 reviews |
Climate's impact on Salem housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Salem.
Flood Factor - Major
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Minor
Wind Factor
Wind likelihood over time
Heat Factor - Major
Heat Factor
Transportation in Salem
Walk Score®
Transit Score®
Bike Score®
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