$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
-$32,000(-20.7%)
Key Takeaway
The list price of homes in Salem has decreased by 20.7% since October.
Summary: The median home list price in Salem was $122,499 in November 2024, down 20.7% 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 | $78.2K | $79K | +1.0% |
| 3 Bedrooms | $167.5K | $167.5K | 0.0% |
| 4 Bedrooms | $239K | $214K | -10.5% |
| 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 increased by 1%, 3 bedroom homes did not change, 4 bedroom homes decreased by 10.5%, 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 |
|---|---|---|
| 14 | 18 | +28.6% |
Summary: The Salem real estate market had 18 homes for sale in November 2024, a 28.6% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 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 50%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 33.3%, 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 |
|---|---|---|
| 59 Days | 75 Days | +25.8% |
Summary: Homes in Salem had an average listing age of 75 days in Nov 2024, up by 25.8% compared to the previous month.
