Salem, VA Housing Market
The median sale price of a home in Salem was $315K last month, up 14.1% since last year. The median sale price per square foot in Salem is $163, up 3.5% since last year.
Salem Housing Market Trends
In May 2025, Salem home prices were up 14.1% compared to last year, selling for a median price of $315K. On average, homes in Salem sell after 18 days on the market compared to 10 days last year. There were 29 homes sold in May this year, down from 36 last year.

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View houses in Salem that sold recently
Recently sold homes
- $208,000 Last Sold Price2 beds1.5 baths1,040 sq ft1903 South Clearing Rd, Salem, VA 24153List Price$212,500Sale to List2% under listDays on Market40 days1903 South Clearing Rd, Salem, VA 24153
- $490,000 Last Sold Price4 beds3 baths3,600 sq ft2400 Olde Salem Dr, Salem, VA 24153List Price$490,000Sale to List0% over listDays on Market127 days2400 Olde Salem Dr, Salem, VA 24153
- $260,000 Last Sold Price3 beds2 baths1,389 sq ft856 Stonegate Ct, Salem, VA 24153List Price$262,500Sale to List1% under listDays on Market56 days856 Stonegate Ct, Salem, VA 24153
- $325,000 Last Sold Price4 beds2 baths2,217 sq ft2724 Fletcher St, Salem, VA 24153List Price$325,000Sale to List0% over listDays on Market77 days2724 Fletcher St, Salem, VA 24153
- $230,000 Last Sold Price3 beds1.5 baths2,684 sq ft331 Ross St, Salem, VA 24153List Price$230,000Sale to List0% over listDays on Market100 days331 Ross St, Salem, VA 24153
- $247,950 Last Sold Price3 beds1 bath1,300 sq ft2327 Peach St, Salem, VA 24153List Price$242,950Sale to List2% over listDays on Market41 days2327 Peach St, Salem, VA 24153
- $225,000 Last Sold Price1 bed1 bath920 sq ft306 Carey Ave, Salem, VA 24153List Price$225,000Sale to List0% over listDays on Market184 days306 Carey Ave, Salem, VA 24153
- $166,535 Last Sold Price2 beds1 bath672 sq ft1503 Barnett Rd NW, Roanoke, VA 24017List Price$159,950Sale to List4% over listDays on Market59 days1503 Barnett Rd NW, Roanoke, VA 24017
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 • PreK-5 | 388 Students | 8 reviews |
8/10 Fort Lewis Elementary School Public • PreK-5 | 257 Students | 2 reviews |
7/10 East Salem Elementary School Public • PreK-5 | 409 Students | 10 reviews |
7/10 Glen Cove Elementary School Public • PreK-5 | 407 Students | 2 reviews |
5/10 G.W. Carver Elementary School Public • PreK-5 | 432 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

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