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Vermont Heights

SALEM, VA 24153

Real Estate Market Report  ·  Roanoke County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
159
⇧ 35.9% vs 117 last year
Pending
68
43% pending ratio
Median Price
$384,950
⇩ 3.4% vs $398,500 last year
Average Price
$404,912
⇩ 7.7% vs $438,896 last year
Days on Market
75
⇧ 2.7% vs 73 days last year

Market Context

Population: 38,386  ·  Density: 146.4/mi²  ·  Median household income: $73,136

Typical home value: $231,506  ·  Homeownership: 71.3%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The SALEM, VA real estate market (24153) currently shows 159 active listings, with 68 pending sales. Homes are averaging 75 days on the market before going under contract.

Inventory has increased compared to last year, with 42 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 75 days on market compared to 73 days last year.

The median listing price has fallen 3.4% year-over-year, from $398,500 to $384,950.

Whether you are buying or selling in SALEM, VA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 159 this year vs 117 last year
  • Days on market: 75 now vs 73 last year

Median & Average Pricing

Year over Year
  • Median: $384,950 (-3.4% YoY)
  • Average: $404,912 (-7.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 19.2 miles — 589 listings ($240,970,677 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
24153Salem, VA 241530.0 mi159$64,381,008$384,950$404,912
24018Roanoke, VA 240187.1 mi139$60,610,811$395,950$436,049
24015Roanoke, VA 240158.0 mi51$17,052,258$315,000$334,358
24016Roanoke, VA 240169.0 mi38$8,698,276$228,925$228,902
24059Bent Mountain, VA 240599.8 mi6$5,357,574$624,900$892,929
24013Roanoke, VA 2401310.9 mi45$7,385,400$162,000$164,120
24014Roanoke, VA 2401412.3 mi61$29,069,367$339,999$476,547
24083Daleville, VA 2408313.1 mi10$6,273,260$662,450$627,326
24127New Castle, VA 2412713.3 mi9$3,257,721$339,425$361,969
24065Boones Mill, VA 2406514.9 mi14$7,881,608$549,925$562,972
24079Copper Hill, VA 2407916.9 mi10$6,344,500$538,750$634,450
24067Callaway, VA 2406718.1 mi7$3,146,094$479,963$449,442
24101Hardy, VA 2410119.2 mi40$21,512,800$449,825$537,820

Frequently Asked Questions

How many homes are for sale in SALEM, VA 24153?

As of January 2026, there are 159 active listings in SALEM, VA (zip code 24153), compared to 117 the prior year.

What is the median home price in SALEM, VA 24153?

The median listing price in SALEM, VA 24153 is $384,950 as of January 2026, a 3.4% decrease from $398,500 the prior year.

How long do homes stay on the market in SALEM, VA?

Homes in SALEM, VA 24153 spend an average of 75 days on the market before going under contract, compared to 73 days the prior year.

Is it a seller's or buyer's market in SALEM, VA 24153?

Based on current inventory and days-on-market data as of January 2026, SALEM, VA 24153 is currently a Buyer's Market. Inventory has increased compared to last year, with 42 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 75 days on market compared to 73 days last year.

How much can I save on real estate commission in SALEM, VA?

With SELL123.com's maximum 3% commission, sellers in SALEM, VA 24153 save an estimated $7,699 compared to a typical 5% commission on the median listing price of $384,950. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.