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Homes Under $500K in Salem, VA
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Start here

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  • Before you start looking
  • The buying timeline

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  • Mortgage calculator
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3 bedsNew construction

Homes Under $500K in Salem, VA

Homes Under $500K in Salem, VA

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24 of 137 Listings
Map

Homes Under $500K in Salem, VA

24 of 137 Listings

Your local brokerage

TO

Thomas O'Leary

Realty.com

Lic. #0225245042

Call Thomas
  1. 6671 Bradshaw Rd — photoNew11Active

    $275,000

    3 bd · 3 ba · 1,440 sqft

    6671 Bradshaw Rd, Salem, VA

    KATHY WEBBER · THE GOOD SIGN REAL ESTATE CO.

  2. 304 Bowman Ave — photoNew13Active

    $245,000

    2 bd · 2 ba · 832 sqft

    304 Bowman Ave, Salem, VA

    DAVID MCCRAY · MKB, REALTORS®

  3. 713 Moran Ave — photoNew15Active

    $276,000

    3 bd · 2 ba · 1,683 sqft

    713 Moran Ave, Salem, VA

    GREGG AYERS · PRIME REAL ESTATE SERVICES INC

  4. 148 Johnston Park Dr — photoNew16Active

    $389,000

    4 bd · 3 ba · 1,878 sqft

    148 Johnston Park Dr, Salem, VA

    MEG BROWN · MKB, REALTORS®

  5. 516 N Market St — photoNew9Active

    $375,000

    4 bd · 3 ba · 2,040 sqft

    516 N Market St, Salem, VA

    DAVID MCCRAY · MKB, REALTORS®

  6. 1221 Meadowview Dr — photo47Active

    $429,900

    4 bd · 4 ba · 3,000 sqft

    1221 Meadowview Dr, Salem, VA

    EGON M HOFMANN · BARKER REALTY CO

  7. 711 N Broad St — photo40Active

    $384,950

    3 bd · 3 ba · 1,728 sqft

    711 N Broad St, Salem, VA

    JOE ALLS · RE/MAX ALL STARS

  8. 4541 Lomond Cir — photo32Active

    $399,950

    4 bd · 3 ba · 2,101 sqft

    4541 Lomond Cir, Salem, VA

    RENEE MICHELE FONTENEAU · NEST REALTY ROANOKE

  9. 60 Upland Dr — photo48Active

    $329,500

    3 bd · 2 ba · 1,753 sqft

    60 Upland Dr, Salem, VA

    BILL JONES · THE GOOD SIGN REAL ESTATE CO.

  10. 26 Grove Blvd — photo39Active

    $449,950

    4 bd · 3 ba · 2,164 sqft

    26 Grove Blvd, Salem, VA

    ROBERT PARKER FRALIN · R FRALIN & ASSOCIATES INC

  11. 2812 Russlen Dr — photo38Active

    $434,950

    4 bd · 3 ba · 2,191 sqft

    2812 Russlen Dr, Salem, VA

    ROBERT PARKER FRALIN · R FRALIN & ASSOCIATES INC

  12. 14 Grove Blvd — photo45Active

    $449,950

    4 bd · 3 ba · 2,131 sqft

    14 Grove Blvd, Salem, VA

    ROBERT PARKER FRALIN · R FRALIN & ASSOCIATES INC

  13. 1407 Deacon St — photo16Active

    $229,000

    2 bd · 1 ba · 1,425 sqft

    1407 Deacon St, Salem, VA

    JULIE ANN POFF · MKB, REALTORS®

  14. 2824 Russlen Dr — photo38Active

    $434,950

    4 bd · 3 ba · 2,191 sqft

    2824 Russlen Dr, Salem, VA

    ROBERT PARKER FRALIN · R FRALIN & ASSOCIATES INC

  15. 22 Grove Blvd — photo45Active

    $449,950

    4 bd · 3 ba · 2,131 sqft

    22 Grove Blvd, Salem, VA

    ROBERT PARKER FRALIN · R FRALIN & ASSOCIATES INC

  16. 10 Grove Blvd — photo22Active

    $449,950

    4 bd · 3 ba · 2,228 sqft

    10 Grove Blvd, Salem, VA

    ROBERT PARKER FRALIN · R FRALIN & ASSOCIATES INC

  17. 3086 Isabel Ln — photo34Active

    $374,950

    3 bd · 3 ba · 1,650 sqft

    3086 Isabel Ln, Salem, VA

    ROBERT PARKER FRALIN · R FRALIN & ASSOCIATES INC

  18. 642 Marshall St — photo53Active

    $499,000

    4 bd · 3 ba · 2,319 sqft

    642 Marshall St, Salem, VA

    JACKIE BOYD · MKB, REALTORS® - OAK GROVE

  19. 1410 N Mill Rd — photo29Active

    $429,900

    4 bd · 3 ba · 2,080 sqft

    1410 N Mill Rd, Salem, VA

    JOHN BRAIDMAN · WAINWRIGHT & CO., REALTORS®

  20. 5403 Tomahawk Cir — photo41Active

    $389,000

    3 bd · 2 ba · 2,266 sqft

    5403 Tomahawk Cir, Salem, VA

    TAMMY CALDWELL DEHART · BARKER REALTY CO

  21. 152 Johnston Park Dr — photo16Active

    $399,990

    4 bd · 3 ba · 1,878 sqft

    152 Johnston Park Dr, Salem, VA

    MEG BROWN · MKB, REALTORS®

  22. 700 Bradford Cir — photo40Active

    $465,000

    3 bd · 3 ba · 2,156 sqft

    700 Bradford Cir, Salem, VA

    HAL CONE · LPT REALTY LLC

  23. 133 Parker Ln — photo37Active

    $424,950

    4 bd · 4 ba · 2,481 sqft

    133 Parker Ln, Salem, VA

    ROBERT PARKER FRALIN · R FRALIN & ASSOCIATES INC

  24. 324 Pennsylvania Ave — photo54Active

    $499,950

    7 bd · 4 ba · 3,957 sqft

    324 Pennsylvania Ave, Salem, VA

    MORGAN MASTON MYERS · WALDVOGEL COMMERCIAL PROPERTIES

12…6

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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.
  • 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

    September 2026 · This period is still settling

    Salem 12-month median sale price trend

    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 21, 2026

    Median sale price
    $320,475$216,500–$411,781 typical range
    Price per sq. ft.
    $198
    Sales
    48
    Paid in cash
    39.6%

    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
    9.0%

    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.