Salem County, VA Home Values & Market Trends
The median home price in Salem County, VA is $254,805.27. There were 397 home sales in Salem County, VA over the past 12 months. The median residential Salem County, VA home value for transactions over the previous year is $226,000. The number of current listings in Salem County, VA is 13, and the percentage of properties for sale is 13.00%. The county has 4 foreclosures, 0 bank owned properties, 4 headed for auction, and 13 properties for sale.
Salem County, VA Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Salem | $ 349,950 $ 147/sqft |
Housing Market Summary for Salem County, VA
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $374.4K | $232.1K | -38.01% |
| Median Sold Price | $221.7K | $232.1K | 4.69% |
| Homes For Sale | 20 | 10 | -50.00% |
| Homes Sold | 174 | 190 | 9.20% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Salem County, VA
Browse Homes in Salem County, VA
Salem County, VA home values range from $24,285 to $1,796,157. Salem is the priciest city with a median listing home price of $389,950, and Salem is most affordable with average house prices of around $389,950.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Salem County, VA with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within Salem County, VA; of that cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Salem County, VA ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Salem County, VA. There is 1 cities within Salem County, VA; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsSalem has 5 auction properties, the highest number of properties going to auction in a single city in the state of Salem County, VA. Auction homes and other auction properties account for 0.05% of all properties in Salem County, VA. There is 1 cities within Salem County, VA; of that cities, the median estimated home value for homes going to auction ranges from $317,911 in Salem to the lowest value of $117,461 in Salem.
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More Real Estate Resources for Salem County, VA
Guide for Salem County, VA
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