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City Of Salem County Home Values and Market Report

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Report prepared by Roanokepropertiesforsale.com Red Key Realty

Market at a glance

Over the last 12 months, homes sold for 98.2% of list price in 35 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $364K Sold · $354K
$430K$380K$330K$280K
NovDecJanFebMarAprMayJunJulAugSepOct

Homes sold per month

Closed sales, last 12 months.

Peak: 31 sales in Jun. Last month: 29.

Where the market stands

All homes in this report, by status.

473homes
Active143 · 30%
Under contract42 · 9%
Sold (12 mo)288 · 61%

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

5.2months of inventory
Seller's, under 4BalancedBuyer's, over 6

Supply and demand are roughly in balance in this market.

Average price by status

Active$380K
Under contract$423K
Sold$334K

Average days on market

Active80 days
Under contract46 days
Sold35 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale
Homes for sale 143
Average list price $379,549
Avg. days on market 80 days
Avg. price per ft² $190 Based on 113 of 143 homes
Avg. living area 2,167 ft² Based on 113 of 143 homes
Avg. beds / baths 3.6 / 2.8

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

30 homes didn’t report living area and aren’t shown.

1 home is larger or pricier than this chart’s scale and isn’t shown.

$1.5M$1M$500K$0

Price vs. living area: 112 homes plotted, up to $1.5M and 9,000 ft².

0 ft²3,0006,0009,000 ft²

How long homes have been listed

Number of homes by days on market.

Bedroom mix

Number of homes by bedroom count.

30 homes didn’t report bedrooms and aren’t shown.

Highest price per ft²

Top 7 homes in this status.

304 Bowman Ave$294
958 Palmer Ave$291
726 Ambler Ln$289
2123 Tara Ln$286
125 Academy St$273
1926 Burma Rd$270
1062 N Mill Rd$258

All active listings

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
2049 S Clearing RdSalem, VA 24153 221,590$275,000$1722 days
223 Mcclelland StSalem, VA 24153 21944$129,000$1363 days
1237 Carolina AveSalem, VA 24153 332,305$359,950$1563 days
113 Keesling AveSalem, VA 24153 421,882$324,000$1724 days
929 Logan StSalem, VA 24153 331,712$299,950$1754 days
134 Ferrum DrSalem, VA 24153 454,745$749,995$1584 days
1926 Burma RdSalem, VA 24153 31925$249,900$2707 days
2123 Tara LnSalem, VA 24153 321,398$399,950$2868 days
921 Watts StSalem, VA 24153 321,608$295,000$1838 days
626 8th StSalem, VA 24153 —1—$750—9 days
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Questions about this market?

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