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Homes Under $500K in Salem, VA
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  • The buying timeline

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99 listings
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3 beds
New construction
With a pool

Homes Under $500K in Salem, VA

Homes Under $500K in Salem, VA

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24 of 99 Listings
Map

Homes Under $500K in Salem, VA

24 of 99 Listings

Your local brokerage

TO

Thomas O'Leary

Realty.com

Lic. #0225245042

Call Thomas
  1. 4735 Cherokee Hills Dr — photoNew51Active

    $349,950

    4 bd · 3 ba · 2,303 sqft

    4735 Cherokee Hills Dr, Salem, VA

    CHRISTY CROUCH · RE/MAX ALL POINTS

  2. 4966 Warrior Dr — photoNew43Active

    $415,950

    4 bd · 4 ba · 2,659 sqft

    4966 Warrior Dr, Salem, VA

    JONATHAN EMMANUEL LAZARO · LAZARO REAL ESTATE

  3. 903 Bowman Ave — photo2Active

    $230,000

    3 bd · 2 ba · 1,064 sqft

    903 Bowman Ave, Salem, VA

    ASHLEY WAINWRIGHT DONAHUE · WAINWRIGHT & CO., REALTORS®

  4. 137 Dorsey Farm Ln — photoNew17Active

    $394,990

    4 bd · 3 ba · 1,658 sqft

    137 Dorsey Farm Ln, Salem, VA

    MEG SMITH · MKB, REALTORS®

  5. 103 Eagle Dr — photoNew25Active

    $399,000

    4 bd · 4 ba · 2,764 sqft

    103 Eagle Dr, Salem, VA

    DAMON JONATHAN GETTIER · REAL BROKER LLC - DGA-SALEM

  6. 132 Dorsey Farm Ln — photoNew17Active

    $354,990

    5 bd · 3 ba · 1,658 sqft

    132 Dorsey Farm Ln, Salem, VA

    MEG SMITH · MKB, REALTORS®

  7. 446 Howard Dr — photo26Active

    $299,000

    3 bd · 2 ba · 2,443 sqft

    446 Howard Dr, Salem, VA

    PHILLIP DARNALL · RE/MAX REAL ESTATE ONE

  8. 424 Goodwin Ave — photo36Active

    $287,500

    3 bd · 2 ba · 1,349 sqft

    424 Goodwin Ave, Salem, VA

    EGON M HOFMANN · BARKER REALTY CO

  9. 1400 Kathryn Ln — photo1Active

    $315,000

    3 bd · 2 ba · 1,725 sqft

    1400 Kathryn Ln, Salem, VA

    KRISTEN BRIANA KNIGHTON · MKB, REALTORS® - OAK GROVE

  10. 1504 Eddy Ave — photo1Active

    $195,000

    3 bd · 2 ba · 1,344 sqft

    1504 Eddy Ave, Salem, VA

    DIANA SHANKLIN · BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS® - MAIN

  11. 3480 Alltree Trl — photo54Active

    $424,900

    4 bd · — ba · 2,236 sqft

    3480 Alltree Trl, Salem, VA

    ASHLEY WAINWRIGHT DONAHUE · WAINWRIGHT & CO., REALTORS(r)

  12. 867 Stonegate Ct — photo28Active

    $265,000

    2 bd · 2 ba · 1,222 sqft

    867 Stonegate Ct, Salem, VA

    JACK D FRYE JR. · YOUNG REALTY COMPANY

  13. 1062 N Mill Rd — photo27Active

    $425,000

    3 bd · 3 ba · 1,646 sqft

    1062 N Mill Rd, Salem, VA

    DAMON JONATHAN GETTIER · REAL BROKER LLC - DGA-SALEM

  14. 138 W Calhoun St — photo41Active

    $399,950

    4 bd · 4 ba · 2,110 sqft

    138 W Calhoun St, Salem, VA

    TIM THOMPSON · MKB, REALTORS®

  15. 132 W Calhoun St — photo31Active

    $399,950

    4 bd · 4 ba · 2,110 sqft

    132 W Calhoun St, Salem, VA

    TIM THOMPSON · MKB, REALTORS®

  16. 130 W Calhoun St — photo30Active

    $399,950

    4 bd · 4 ba · 2,078 sqft

    130 W Calhoun St, Salem, VA

    TIM THOMPSON · MKB, REALTORS®

  17. 92 Maple St — photo20Active

    $317,500

    2 bd · 2 ba · 1,435 sqft

    92 Maple St, Salem, VA

    WENDY GILBERT · RE/MAX ALL POINTS

  18. 128 Diamond Rd — photo47Active

    $469,950

    4 bd · 4 ba · 2,744 sqft

    128 Diamond Rd, Salem, VA

    JOE ALLS · RE/MAX ALL STARS

  19. 134 W Calhoun St — photo35Active

    $399,950

    4 bd · — ba · 2,078 sqft

    134 W Calhoun St, Salem, VA

    TIM THOMPSON · MKB, REALTORS(r)

  20. 140 W Calhoun St — photo50Active

    $399,950

    4 bd · 4 ba · 2,110 sqft

    140 W Calhoun St, Salem, VA

    TIM THOMPSON · MKB, REALTORS®

  21. 500 Diamond Rd — photo43Active

    $424,995

    3 bd · 2 ba · 2,970 sqft

    500 Diamond Rd, Salem, VA

    BRANDON BAYSE · RE/MAX ALL STARS

  22. 125 Academy St — photo50Active

    $314,950

    3 bd · 2 ba · 1,153 sqft

    125 Academy St, Salem, VA

    JOE ALLS · RE/MAX ALL STARS

  23. 872 Stonegate Ct — photo26Active

    $264,950

    2 bd · 2 ba · 1,222 sqft

    872 Stonegate Ct, Salem, VA

    JOE ALLS · RE/MAX ALL STARS

  24. 110 Hart Dr — photo57Active

    $299,950

    2 bd · — ba · 1,218 sqft

    110 Hart Dr, Salem, VA

    JOSHUA RYAN DIX · RE/MAX ALL STARS

12…5

Explore Salem homes

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The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is derived from various Multiple Listing Services; each source MLS and its required disclaimer are shown with the listings on the applicable page. Realty.com is an independently owned and operated brokerage.

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Listing data & MLS disclosures

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.
    • New construction
    • With a pool

    Your local brokerage

    TO

    Thomas O'Leary

    Realty.com

    Lic. #0225245042

    Call Thomas

    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

    Salem housing market

    August 2026 · This period is still settling

    Salem 12-month median sale price trend

    Selling at 100.0% of asking price

    Sales here are closing essentially at asking. MLS · 45 sales · as of Aug 28, 2026

    Homes that sold · County records, as of Aug 14, 2026

    Median sale price
    $321,500$214,500–$513,000 typical range
    Price per sq. ft.
    $179
    Sales
    31
    Paid in cash
    32.3%

    Homes on the market · MLS, as of Aug 28, 2026–Aug 31, 2026

    Median list price
    $374,950
    Homes for sale
    117
    Median days on market
    17 days

    Price trend · Assessor repeat sales, as of Aug 31, 2026

    Year-over-year
    25.2%

    Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Jul 29, 2026

    Median home size
    1,566 sq. ft.