Salem, VA Housing Market 2026: What Homes Actually Sell For

If you invest in or around Salem, the number that matters is what homes actually close for, not what sellers are asking. Here is what Salem sale prices look like right now, built from the closings Resideline tracked over the last six months, as of October 2026.

The snapshot

• •Closings tracked, last 6 months: 188
• •Median sold price, last 6 months: $287,475
• •Median of MLS-listed sales alone, last 6 months: $323,250
• •Median sold $/sqft, last 6 months: $172
• •Middle half of sales closed between: $216,500 and $377,500

What the numbers say

Resideline tracked 188 closed sales in Salem over the last six months, with a median closing price of $287,475. That median is the midpoint of what buyers actually paid, not what sellers hoped to get, which is why it moves differently from the asking prices you see on listing sites. The middle half of those sales closed between $216,500 and $377,500. That spread matters more than the headline median: where a specific property sits inside it decides whether the citywide number helps you or misleads you. These are the closings Resideline tracks and may differ from complete county or municipal records. 89% of the Salem closings we track here are single-family houses, so these figures primarily reflect that segment, and the citywide $/sqft figure primarily reflects that segment as well. Across the 188 closings with usable living area, the middle half sold between $141 and $204 per square foot.

Figures last updated October 3, 2026 from closings Resideline tracked.

Median home price in Salem, VA (October 2026)

The median home price in Salem is $287,475, measured across the 188 closed sales Resideline tracked over the last six months. The middle half of those sales closed between $216,500 and $377,500.

Where Salem sale prices land

Medians hide the shape of a market. The distribution above covers the closed sales Resideline tracked in Salem over the last six months that carry a usable sale date, trimmed to the 5th through 95th percentile, with the middle half of sales closing between $216,500 and $377,500. Among the 60 Virginia markets with a published band, Salem's middle-half spread ($216,500 to $377,500) ranks 37th from the narrowest. Where your target property sits inside that spread matters more than the citywide median.

How long a sale takes here

• •Listed to under contract: a median of 11 days, across 124 Salem closings Resideline tracked in the last six months
• •Contract to closing: a median of 35 days, across 123 Salem closings Resideline tracked in the last six months

The Salem angle

Use $287,475 as an opening reference and then do the ordinary work: match property type, match size, check condition, and keep the comp set small enough that you have looked at every sale in it. The upper half of the band is the wider half, so dispersion increases toward the top of the range. A subject sitting near $377,500 is harder to pin down than one sitting near $216,500, and the honest output for it is a range rather than a single figure. Below $287,475 the closings sit closer together and an estimate is easier to defend.

Salem market data by ZIP code

Citywide medians hide block-by-block variation. Resideline publishes free, regularly refreshed market snapshots for Salem ZIP codes: 24153.

From market read to offer price

A market read is the backdrop. The decision still comes down to one property and one number: what it is actually worth and what you should pay. Every Resideline report opens with this same market snapshot for the subject's exact ZIP code, then gives you the property's value, the sold comps behind it, and a market rent estimate. Pricing a specific deal? The free ARV calculator, rehab cost estimator, BRRRR calculator and rental property calculator run the numbers in about a minute.

And we show our work. Every estimate is frozen while the home is for sale and graded against the real closing price after it sells. See the live accuracy dashboard for the receipts, or read how the Area Market Snapshot works.

Run any Salem address through Resideline and you will see the local market and the property's value together, in one report.

Cite this

Using these numbers? Please cite the source and the sample size:

Source: Resideline Market Watch
Market: Salem, VA
Geography: incorporated municipality, Census place 5170000
Data updated: October 2026
Analysis period: last six months
Tracked closings: 188
Median sold price: $287,475
Median sold $/sqft: $172 (188 qualifying)
Property mix: 89% houses
https://resideline.com/blog/salem-va-housing-market

Writing about this market? Paste this into your post:

<a href="https://resideline.com/blog/salem-va-housing-market">
  <img src="https://resideline.com/images/embed/salem-va.png" alt="Salem, VA home sale price distribution, last six months" width="1000" style="max-width:100%;height:auto">
</a>
<p>Source: <a href="https://resideline.com/blog/salem-va-housing-market">Resideline Market Watch</a></p>

The local market statistics in this report are calculated from closed sales tracked by Resideline. Transaction coverage may differ from complete county or municipal records.

Every local market figure on this page is computed from closed sales Resideline tracked in Salem over the last six months, and is refreshed when the data is. The closings we track within the Salem city limits are not limited to listing-service sales: they also include foreclosure deeds, estate and family transfers, and other off-market sales that portal medians exclude, which is why 20% of the 188 closings in this window never appeared on a listing service, and the median of MLS-listed sales alone was $323,250.