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Salem, VA 24153 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Salem, VA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.12
ActiveActive listings: 5050PendingPending sales: 66
Salem, VA: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $364k$364kSoldMedian sold price (last 6 months): $330k$330k
What homes actually sell for in Salem, VA
Distribution of 339 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $242k to $430k
$110k to $178k: 21 sales$110k$178k to $246k: 53 sales$246k to $314k: 65 sales65sales$246k$314k to $382k: 57 sales$382k to $450k: 54 sales$382k$450k to $518k: 28 sales$518k to $587k: 18 sales$518k$587k to $655k: 11 salesMedian $330k

What the numbers say

As of October 5, 2026, Resideline is tracking 50 active listings and 6 pending sales in ZIP code 24153. That pending-to-active ratio of 0.12 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $364,475, while the median of the 339 closed sales Resideline tracked over the last six months was $330,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 24153 for 58 days.

Frequently asked questions

What is the median home price in 24153?

The median closed sale price in Salem, VA 24153 was $330,000 over the last six months, based on 339 closed sales tracked by Resideline. The middle half of those sales ranged from $242,500 to $429,950.

Is 24153 a buyer's or seller's market?

Resideline is currently tracking 6 pending sales against 50 active listings in 24153, a pending-to-active ratio of 0.12. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 24153 currently looks like a balanced market.

Nearby ZIP code market data

Full Salem, VA housing market report →

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