Salem, VA
Housing market overview · Updated weekly
$295,000median sale price
Homes sold
21
Last 12 weeks
Days on market
48
Average pace
Active listings
47
2.2 months supply
Sale-to-list
96.4%
Below asking
The Salem housing market is currently classified as a seller's market with a median sale price of $295,000. Prices have fallen 7.8% compared to last year, with homes spending an average of 48 days on market, indicating 2.2 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Salem
There are currently 47 homes listed for sale in Salem, Virginia. The median listing price is $280K.
Active listings
47
Homes on market
Median list price
$280K
Avg. days on market
48
Days until sale
New this week
23
Newly listed
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Frequently asked questions
What is the average home price in Salem?
The median home sale price in Salem is $295,000, down 7.8% from last year.
How long do homes stay on market in Salem?
Homes typically spend 48 days on market before going under contract.
Is Salem a buyer's or seller's market?
With 2.2 months of supply, Salem is currently a seller's market.
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