Salem, VA Housing Market
The Salem housing market is somewhat competitive. The median sale price of a home in Salem was $245K last month, up 9.0% since last year. The median sale price per square foot in Salem is $146, up 3.5% since last year.
Salem Housing Market Trends
In March 2024, Salem home prices were up 9.0% compared to last year, selling for a median price of $245K. On average, homes in Salem sell after 19 days on the market compared to 20 days last year. There were 25 homes sold in March this year, up from 22 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
- Some homes get multiple offers.
- The average homes sell for around list price and go pending in around 18 days.
- Hot homescan sell for about 2% above list price and go pending in around 5 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.
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 13 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
- $387,500 Last Sold Price3 beds2.5 baths1,675 sq ft5590 New Pleasant Way, Salem, VA 24153List Price$387,500Sale to List0% over listDays on Market224 days5590 New Pleasant Way, Salem, VA 24153
- $319,000 Last Sold Price4 beds2.5 baths2,041 sq ft233 Union St, Salem, VA 24153List Price$339,000Sale to List6% under listDays on Market231 days233 Union St, Salem, VA 24153
- $220,000 Last Sold Price3 beds2 baths1,676 sq ft1057 Martin Mcneil Rd, Salem, VA 24153List Price$229,900Sale to List4% under listDays on Market34 days1057 Martin Mcneil Rd, Salem, VA 24153
- $225,950 Last Sold Price3 beds3 baths2,300 sq ft1069 Easton Rd, Salem, VA 24153List Price$225,950Sale to List0% over listDays on Market34 days1069 Easton Rd, Salem, VA 24153
- $339,900 Last Sold Price3 beds2 baths2,512 sq ft5278 Cherokee Hills Dr, Salem, VA 24153List Price$339,900Sale to List0% over listDays on Market58 days5278 Cherokee Hills Dr, Salem, VA 24153
- $170,000 Last Sold Price2 beds2 baths1,344 sq ft968 Hill Ave, Salem, VA 24153List Price$169,950Sale to List0% over listDays on Market39 days968 Hill Ave, Salem, VA 24153
- $600,000 Last Sold Price5 beds4 baths3,439 sq ft345 High St, Salem, VA 24153List Price$614,950Sale to List2% under listDays on Market209 days345 High St, Salem, VA 24153
- $439,950 Last Sold Price3 beds2 baths1,922 sq ft2288 Foxfield Ln, Salem, VA 24153List Price$444,950Sale to List1% under listDays on Market338 days2288 Foxfield Ln, Salem, VA 24153
See all recently sold homes in Salem.
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Schools in Salem
- Elementary
- Middle
- High
GreatSchools Rating
7/10 Glen Cove Elementary School Public • PreK-5 | 471 Students | 2 reviews |
7/10 Fort Lewis Elementary School Public • PreK-5 | 257 Students | 2 reviews |
6/10 East Salem Elementary School Public • PreK-5 | 454 Students | 10 reviews |
5/10 South Salem Elementary School Public • K-5 | 419 Students | 7 reviews |
5/10 G.W. Carver Elementary School Public • PreK-5 | 439 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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