Homes Under $500K in Salem, VA

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24 of 136 Listings

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Thomas O'Leary

Realty.com

Lic. #0225245042

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66Active
$319,000
3 bd · 2 ba · 1,782 sqft
7407 Bradshaw Rd, Salem, VA
NORMAN S DOMINGO · XREALTY.NET LLC
28Active
$259,950
2 bd · 2 ba · 1,222 sqft
867 Stonegate Ct, Salem, VA
JACK D FRYE JR. · YOUNG REALTY COMPANY
New45Active
$419,900
4 bd · 2 ba · 2,089 sqft
1117 Grace St, Salem, VA
MICKEY GARLAND · BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS® - MAIN

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.

About Homes Under $500K in Salem, VA

Homes Under $500K in Salem, VA: 136 active listings as of October 18, 2026, 04:22 UTC.

Property types among these 136 listings, by the property type each listing’s MLS reports, spelled as the MLS spells it. Types with fewer than 5 listings, and listings whose MLS reports no type, are not shown, so the shares can total less than 100%.
Property type	Listings	Share
Single Family Residence	114	83.8%
Townhouse	15	11.0%

Salem housing market

September 2026 · This period is still settling

Selling at 99.5% of asking price

Buyers here are paying below asking. MLS · 45 sales · as of Sep 30, 2026

Homes that sold · County records, as of Sep 25, 2026

Median sale price: $312,500$216,500–$409,989 typical range
Price per sq. ft.: $196
Sales: 56
Paid in cash: 37.5%

Homes on the market · MLS, as of Sep 27, 2026–Sep 30, 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: 7.3%

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

Homes Under $500K in Salem, VA

Your local brokerage

Listing data & MLS disclosures

About Homes Under $500K in Salem, VA

Salem housing market

Homes that sold · County records, as of Sep 25, 2026

Homes on the market · MLS, as of Sep 27, 2026–Sep 30, 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

Explore Salem homes

Listing data & MLS disclosures

Your local brokerage

Your local brokerage

Salem, VA community profile

Salem housing market

Homes that sold · County records, as of Sep 25, 2026

Homes on the market · MLS, as of Sep 27, 2026–Sep 30, 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