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Salem, VA Real Estate & Property Data

Salem Real Estate Market Trends

Last Updated: September 06, 2025

Accurate and comprehensive real estate data is critical for insight into Salem, VA 24153. ATTOM’s Salem real estate data is updated daily, and current market trends show that in Salem, VA a total of 654 residential properties have sold over the past year. With a median home price of $324,725 in Salem and a total of 4 foreclosures. Get detailed property data for Salem, VA instantly. ATTOM is your one-stop-shop for the Salem property reports and real estate data you need in Salem, VA.

Salem Real Estate Market Trends

Get property data for any address in Salem, VA or the country:

Total Residential Properties 13,523

Total Commercial Properties 980

Avg. Home Age (Single Family Home) 54 Years

Avg. Square Feet (Single Family Home) 1,688

Total 2025 Residential Sales (year-to-date) 300

% of Homes Seriously Underwater (Q3 2025) 0.69%

Total 2024 Residential Sales 627

% of Equity Rich Homes (Q3 2025) 26.39%

Effective 2024 Property Tax 0.58%

Total Foreclosure Filings (year-to-date) 16

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Salem, VA 24153 Real Estate Overview

There were 654 residential properties sold in the past year in Salem, VA 24153. The median home value in Salem, VA 24153 is $303,913. There are a total of 13,523 residential properties in the 24153.

Median Sales Price i

$324,725

(Jun 2025)

+13.9%

year-over-year

y-o-y

June '25 Jun '25 $324,725
May '25 May '25 $319,950
April '25 Apr '25 $302,500
March '25 Mar '25 $277,450
February '25 Feb '25 $312,825
January '25 Jan '25 $325,000
December '24 Dec '24 $287,000
November '24 Nov '24 $290,000
October '24 Oct '24 $275,000
September '24 Sep '24 $297,500
August '24 Aug '24 $265,520
July '24 Jul '24 $260,225

Median Down Payment i

$43,071

(Jun 2025)

+48.5%

year-over-year

y-o-y

June '25 Jun '25 $43,071
May '25 May '25 $33,125
April '25 Apr '25 $51,000
March '25 Mar '25 $41,500
February '25 Feb '25 $18,412
January '25 Jan '25 $51,700
December '24 Dec '24 $21,918
November '24 Nov '24 $52,095
October '24 Oct '24 $65,562
September '24 Sep '24 $34,000
August '24 Aug '24 $44,000
July '24 Jul '24 $33,700

Number of Homes Sold i

70

(Jun 2025)

+34.6%

year-over-year

y-o-y

June '25 Jun '25 70
May '25 May '25 60
April '25 Apr '25 43
March '25 Mar '25 56
February '25 Feb '25 37
January '25 Jan '25 34
December '24 Dec '24 41
November '24 Nov '24 55
October '24 Oct '24 52
September '24 Sep '24 46
August '24 Aug '24 48
July '24 Jul '24 60

Number of Purchase Loans i

50

(Jun 2025)

+28.2%

year-over-year

y-o-y

June '25 Jun '25 50
May '25 May '25 46
April '25 Apr '25 30
March '25 Mar '25 44
February '25 Feb '25 39
January '25 Jan '25 23
December '24 Dec '24 34
November '24 Nov '24 41
October '24 Oct '24 38
September '24 Sep '24 37
August '24 Aug '24 34
July '24 Jul '24 41

Number of REFI Loans i

28

(Jun 2025)

+115.4%

year-over-year

y-o-y

June '25 Jun '25 28
May '25 May '25 22
April '25 Apr '25 33
March '25 Mar '25 25
February '25 Feb '25 21
January '25 Jan '25 26
December '24 Dec '24 19
November '24 Nov '24 18
October '24 Oct '24 32
September '24 Sep '24 17
August '24 Aug '24 16
July '24 Jul '24 28

Number of HELOC Loans i

17

(Jun 2025)

-22.7%

year-over-year

y-o-y

June '25 Jun '25 17
May '25 May '25 23
April '25 Apr '25 21
March '25 Mar '25 18
February '25 Feb '25 13
January '25 Jan '25 18
December '24 Dec '24 21
November '24 Nov '24 11
October '24 Oct '24 18
September '24 Sep '24 26
August '24 Aug '24 23
July '24 Jul '24 33

Salem, VA 24153 Real Estate Market Overview

Last 30 days

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Salem, VA 24153 Foreclosure Activity

There were a total of 4 Salem, VA 24153 properties with a foreclosure filing in June 2025.

Total Foreclosure Filings i

4

(Jun 2025)

+100%

year-over-year

y-o-y

June '25 Jun '25 4
May '25 May '25 4
April '25 Apr '25 1
March '25 Mar '25 3
February '25 Feb '25 1
January '25 Jan '25 3
December '24 Dec '24 N/A
November '24 Nov '24 4
October '24 Oct '24 3
September '24 Sep '24 1
August '24 Aug '24 1
July '24 Jul '24 2

Foreclosure Starts i

4

(Jun 2025)

+100%

year-over-year

y-o-y

June '25 Jun '25 4
May '25 May '25 4
April '25 Apr '25 1
March '25 Mar '25 3
February '25 Feb '25 1
January '25 Jan '25 3
December '24 Dec '24 N/A
November '24 Nov '24 4
October '24 Oct '24 3
September '24 Sep '24 1
August '24 Aug '24 1
July '24 Jul '24 2

Completed Foreclosures (REOs) i

June '25 Jun '25 N/A
May '25 May '25 N/A
April '25 Apr '25 N/A
March '25 Mar '25 N/A
February '25 Feb '25 N/A
January '25 Jan '25 N/A
December '24 Dec '24 N/A
November '24 Nov '24 N/A
October '24 Oct '24 N/A
September '24 Sep '24 N/A
August '24 Aug '24 N/A
July '24 Jul '24 N/A

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