The Salem Station housing market is very competitive. The median sale price of a home in Salem Station was $375K last month, up 31.5% since last year. The median sale price per square foot in Salem Station is $206, down 1.7% since last year.
What is the housing market like in Salem Station today?
In March 2024, Salem Station home prices were up 31.5% compared to last year, selling for a median price of $375K. On average, homes in Salem Station sell after 11 days on the market compared to 13 days last year. There were 3 homes sold in March this year, up from 3 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$374,900
+31.5% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Salem Station, VA
$374,900
+31.5%
United States
To compare other locations to the Salem Station and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Salem Station add value to a home.
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How hot is the Salem Station housing market?
Salem Station is very competitive. Homes sell in 10 days.
0
100
89
Very Competitive
Redfin Compete Score™
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 12 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% above list price and go pending in around 10 days.
Hot homes
can sell for about 4% above list price and go pending in around 2 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
102.3%
+2.5 pt YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Salem Station, VA
102.3%
+2.5 pt
United States
Home offer insights for Salem Station
Explore recent offers and recently sold homes in Salem Station
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Salem Station housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Salem Station.
Risk Factor
Flood Factor - Minor
12% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Salem Station has a minor risk of flooding. 44 properties in Salem Station are likely to be
severely affected
by flooding over the next 30 years. This represents 12% of all properties in Salem Station. Flood risk is increasing slower than the national average.
66% of properties are at risk of wildfire over the next 30 years
Fire Factor
Salem Station has a moderate risk of wildfire. There are 367 properties in Salem Station that have some risk of being affected by wildfire over the next 30 years. This represents 66% of all properties in Salem Station.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Salem Station has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Salem Station is most at risk from hurricanes. 554 properties in Salem Station have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 64 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 79 mph.