$308 Closing Credit*
$25,900
684 SqFt
1 Bed
•1 Full Bath
Listing Office: VANTAGE POINT REALTY LLC
Housing Prices in Salem, WV
How much do homes in Salem, WV cost?
Median List Price
$122,499
$82/sqft
Based on all homes listed in November 2024.
Difference Since Last Month
-$66,500(-35.2%)
Key Takeaway
The list price of homes in Salem has decreased by 35.2% since October.
Summary: The median home list price in Salem was $122,499 in November 2024, down 35.2% from the previous month, and the median price per square foot was $82.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $32.9K | $32.9K | 0.0% |
| 2 Bedrooms | $77.5K | $77.5K | 0.0% |
| 3 Bedrooms | $120K | $120K | 0.0% |
| 4 Bedrooms | $252K | $239K | -5.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Salem housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Cities
| Beech | $265K | $265K | 0.0% |
| Salem | $154.5K | $122.4K | -20.7% |
| Southwest | $189K | $149.9K | -20.7% |
| Salem | $189K | $122.4K | -35.2% |
Housing Supply in Salem, WV
How many homes are available in Salem, WV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 18 | +38.5% |
Summary: The Salem real estate market had 18 homes for sale in November 2024, a 38.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Salem housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Days on Market for Salem, WV
How long does it take to sell a home in Salem, WV?
Average Listing Age
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 67 Days | +21.4% |
Summary: Homes in Salem had an average listing age of 67 days in Nov 2024, up by 21.4% compared to the previous month.
