Why Live in Salem
Salem, Virginia, is a small city of 25,000 residents located in the Roanoke Valley, offering scenic mountain views and a suburban lifestyle. As the county seat of Roanoke County, Salem hosts several government buildings, including the courthouse complex and sheriff's office. The city is home to Roanoke College, a private liberal arts school with Neoclassical and Greek Revival architecture, which serves as a major employer and community hub. Salem City Schools are highly rated, contributing to the area's appeal for families. Outdoor activities abound with numerous national forests and trail systems nearby, including the Roanoke River Greenway and Lake Springs Park. Longwood Park, the largest in the city, features playgrounds, picnic areas, and an amphitheater hosting events like the Pickin’ in the Park festival. Sports enthusiasts can enjoy golfing at Salem Municipal Golf Course and Hidden Valley Country Club, or catch a Salem Red Sox game at Salem Memorial Ballpark. The James E. Taliaferro Sports and Entertainment Complex includes the Salem Football Stadium and Salem Civic Center. Housing options range from stately Victorians and Colonial Revivals near City Hall to newer constructions with large yards and mountain views. Downtown Salem's Main Street offers boutiques, antique stores, and the Salem Farmers Market, while shopping plazas like Spartan Square and Lakeside Plaza provide additional amenities. Interstate 81 and U.S. Route 11 facilitate commutes to nearby towns, and Valley Metro offers bus service to surrounding communities. The Roanoke-Blacksburg Regional Airport is about 9 miles away, providing convenient air travel options.
Home Trends in Salem, VA
On average, homes in Salem, VA sell after 102 days on the market compared to the national average of 70 days. The median sale price for homes in Salem, VA over the last 12 months is $432,915, up 8% from the median home sale price over the previous 12 months.
Median Sale Price
$432,915
Median Single Family Sale Price
$464,950
Median Townhouse Sale Price
$277,000
Average Price Per Sq Ft
$211
Number of Homes for Sale
12
Last 12 months Home Sales
87
Median List Price
$464,950
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
8%