Salem, VA Housing Market

$305,426

3.6% 1-yr

The average Salem, VA home value is $305,426, up 3.6% over the past year, and homes go to pending in around 17 days. (Updated on 3/31/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Salem Key Takeaways

Typical Home Values: $305,426

1-Year Value Change: +3.6%

(Data through March 31, 2026)

Salem Housing Market Overview

1-Year Market Forecast: --

For Sale Inventory: 93 (March 31, 2026)

New Listings: 34 (March 31, 2026)

Median Sale to List Ratio: --

Median Sale Price: $289,658 (February 28, 2026)

Median List Price: $333,967 (March 31, 2026)

Percent of Sales Over List Price: --

Percent of Sales Under List Price: --

Median Days to Pending: 17 (March 31, 2026)

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Salem

NameMedian ZHVI
Edgewood-Summit Hills$205,418
Ridgewood Park$229,215
Peachtree/Norwood$220,592
Washington Heights$154,818
Greater Deyerle$378,113
South Washington Heights$144,876
Wilmont$199,566
Westview Terrace$232,661
Cherry Hill$189,554

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Salem Homes for Sale

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Salem Rental Market Trends

Average Rent: $1,531 (March 31, 2026)

National Average Rent: $1,910 (March 31, 2026)

Month-Over-Month Change: 1.8% (March 31, 2026)

Year-Over-Year Change: 6% (March 31, 2026)

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.