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Salem, VA Real Estate & Property Data

Salem Real Estate Market Trends

Last Updated: April 22, 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 647 residential properties have sold over the past year. With a median home price of $312,825 in Salem and a total of 1 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 13,520

Total Commercial Properties 989

Avg. Home Age (Single Family Home) 54 Years

Avg. Square Feet (Single Family Home) 1,686

Total 2025 Residential Sales (year-to-date) 70

% of Homes Seriously Underwater (Q2 2025) 0.68%

Total 2024 Residential Sales 626

% of Equity Rich Homes (Q2 2025) 25.39%

Effective 2024 Property Tax 0.59%

Total Foreclosure Filings (year-to-date) 4

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Salem, VA 24153 Real Estate Overview

There were 647 residential properties sold in the past year in Salem, VA 24153. The median home value in Salem, VA 24153 is $293,000. There are a total of 13,520 residential properties in the 24153.

Median Sales Price i

$312,825

(Feb 2025)

+4.6%

year-over-year

y-o-y

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 $260,500
June '24 Jun '24 $284,975
May '24 May '24 $299,900
April '24 Apr '24 $270,000
March '24 Mar '24 $237,500

Median Down Payment i

$18,412

(Feb 2025)

-48.5%

year-over-year

y-o-y

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
June '24 Jun '24 $29,000
May '24 May '24 $50,000
April '24 Apr '24 $55,000
March '24 Mar '24 $32,700

Number of Homes Sold i

36

(Feb 2025)

-16.3%

year-over-year

y-o-y

February '25 Feb '25 36
January '25 Jan '25 34
December '24 Dec '24 40
November '24 Nov '24 54
October '24 Oct '24 52
September '24 Sep '24 46
August '24 Aug '24 48
July '24 Jul '24 60
June '24 Jun '24 52
May '24 May '24 69
April '24 Apr '24 55
March '24 Mar '24 58

Number of Purchase Loans i

39

(Feb 2025)

+18.2%

year-over-year

y-o-y

February '25 Feb '25 39
January '25 Jan '25 23
December '24 Dec '24 33
November '24 Nov '24 41
October '24 Oct '24 36
September '24 Sep '24 37
August '24 Aug '24 36
July '24 Jul '24 40
June '24 Jun '24 39
May '24 May '24 58
April '24 Apr '24 37
March '24 Mar '24 44

Number of REFI Loans i

21

(Feb 2025)

+16.7%

year-over-year

y-o-y

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 27
June '24 Jun '24 13
May '24 May '24 27
April '24 Apr '24 15
March '24 Mar '24 23

Number of HELOC Loans i

13

(Feb 2025)

+8.3%

year-over-year

y-o-y

February '25 Feb '25 13
January '25 Jan '25 18
December '24 Dec '24 20
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
June '24 Jun '24 22
May '24 May '24 22
April '24 Apr '24 13
March '24 Mar '24 22

Salem, VA 24153 Real Estate Market Overview

Last 30 days

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Salem, VA 24153 Foreclosure Activity

There were a total of 1 Salem, VA 24153 properties with a foreclosure filing in February 2025.

Total Foreclosure Filings i

1

(Feb 2025)

-50%

year-over-year

y-o-y

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
June '24 Jun '24 2
May '24 May '24 3
April '24 Apr '24 N/A
March '24 Mar '24 1

Foreclosure Starts i

1

(Feb 2025)

-50%

year-over-year

y-o-y

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
June '24 Jun '24 2
May '24 May '24 3
April '24 Apr '24 N/A
March '24 Mar '24 1

Completed Foreclosures (REOs) i

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
June '24 Jun '24 1
May '24 May '24 1
April '24 Apr '24 N/A
March '24 Mar '24 N/A

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