Downtown Salem, VA Housing Market

Homes for sale

The median sale price of a home in Downtown Salem was $226K last month, down 24.6% since last year.

Trends
Demand
Schools
Climate

Downtown Salem Housing Market Trends

What is the housing market like in Downtown Salem today?

In August 2024, Downtown Salem home prices were down 24.6% compared to last year, selling for a median price of $226K.

$226K

Sale Price

$211

Sale $/Sq. Ft.

Under List Price

4.6%

Days on Market

Down Payment

—

Total Homes Sold

To compare other locations to the Downtown Salem and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Salem add value to a home.

View houses in Downtown Salem that sold recently

Recently sold homes

SOLD OCT 9, 2024
$200,000
1 bed
2 baths
811 sq ft
133 Academy St, Salem, VA 24153
List Price
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Sale to List
—
Days on Market
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133 Academy St, Salem, VA 24153

Schools in Downtown Salem

Learn about schools in the Downtown Salem area

Elementary
Middle
High

GreatSchools Rating

No elementary schools in this region.

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 Downtown Salem housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Downtown Salem.

Flood Factor - Moderate

32% of properties are at risk of severe flooding over the next 30 years

Wind Factor - Minor

100% of properties are at minor risk of a severe wind event over the next 30 years

Heat Factor - Major

100% of properties are at major risk of heat over the next 30 years

Provided by First Street Foundation

More real estate resources for Downtown Salem

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