Homes Under $400K in Salem, VA

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Lynchburg Association of REALTORS: The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Lynchburg Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Realty.com, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Lynchburg Association of REALTORS®. All Rights Reserved.
Roanoke Valley Association of REALTORS: Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this website does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed daily, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this website may only use this listing data for their personal, noncommercial benefit. The unauthorized retrieval or use of this listing data is prohibited. All information is deemed reliable but not guaranteed, and should be independently verified. Copyright © 2026 Multiple Listing Service of The Roanoke Valley. All rights reserved.

Salem housing market

September 2026 · This period is still settling

Selling at 98.7% of asking price

Buyers here are paying below asking. MLS · 39 sales · as of Sep 28, 2026

Homes that sold · County records, as of Sep 15, 2026

Median sale price: $340,000$222,500–$506,000 typical range
Price per sq. ft.: $183
Sales: 35
Paid in cash: 37.1%

Homes on the market · MLS, as of Sep 27, 2026–Sep 28, 2026

Median list price: $374,950
Homes for sale: 149
Median days on market: 30 days

Price trend · Assessor repeat sales, as of Sep 30, 2026

Year-over-year: 15.2%

Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Sep 2, 2026

Median home size: 1,566 sq. ft.

Salem, VA community profile

Population: 26,009
Median income: $71,541
Housing units: 11,130
People per sq. mi.: 247.5
Area: 105.1 sq. mi.

Source: HJN community data

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Salem housing market

Homes that sold · County records, as of Sep 15, 2026

Homes on the market · MLS, as of Sep 27, 2026–Sep 28, 2026

Price trend · Assessor repeat sales, as of Sep 30, 2026

Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Sep 2, 2026

Salem, VA community profile

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Listing data & MLS disclosures

Salem, VA community profile

Salem housing market

Homes that sold · County records, as of Sep 15, 2026

Homes on the market · MLS, as of Sep 27, 2026–Sep 28, 2026

Price trend · Assessor repeat sales, as of Sep 30, 2026

Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Sep 2, 2026