MyMarketPulse (mymarketpulse.com) recently disclosed its January 2025 findings on the housing market conditions in Salem, Virginia.
The Median Sale Price for properties in Salem was documented at $295,500 for January 2025. This price point is a downward move of 1.5% from the previous month and shows a 5.9% rise from the year before.
Sales of homes in the region saw 14 homes changing hands. This represents an increase of 7.7% from the month before and down 33.3% compared to the same month last year.
Furthermore, homes in Salem were on the market for an average of 31 day before selling, reflecting an increase of 19 days days month-over-month and an increase of 13 days day year-over-year.
The Market Pulse Score for Salem comes in at 87, pointing to a declining trend within the local real estate market.
For more information about the Salem, Virginia market, visit MyMarketPulse.com.
MyMarketPulse is a free service of Digital Build Team (DBT, DigitalBuildTeam.com). Its goal is to help everyone quickly understand and compare real estate markets by providing timely data and visual analysis to help explain current market trends and predict future opportunities.
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