Salem, VA Housing Market Brief
county · VA · score computed October 2026
What is Salem, VA’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Population band 3 of 5 (population 20,431–39,126) · comparable within its band
Where is Salem, VA in its market cycle?
Salem, VA is classified as Declining — cooling, with scores declining over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Salem, VA?
County-level forecasts are paused (since Oct 18, 2026). The new public-data model we built to replace them didn't pass our accuracy test, and we won't publish forecasts again until a model does.
Salem, VA housing market data
| Metric | Value | YoY | Source |
|---|---|---|---|
| Median Sale Price | $364K | ▲ +27.9% | Redfin |
| Median Days on Market | 47 days | ▲ +235.7% | Redfin |
| Months of Supply | 4.3 | ▲ +53.6% | Redfin |
| Homes for Sale | 107 | ▲ +46.6% | Redfin |
| Homes Sold | 25 | ▼ -3.8% | Redfin |
| Median Price / Sq Ft | $165 | ▲ +2.5% | Redfin |
How has Salem, VA’s Alpha Score moved?
Markets like Salem, VA
- Prince Edward County, VA, VAcounty42
- Churchill County, NV, NVcounty43
- Ellis County, KS, KScounty45
- Sullivan County, NY, NYcounty49
- Riley County, KS, KScounty43
- Lynchburg, VA, VAcounty44
- Madison County, NE, NEcounty52
- Washington County, TX, TXcounty45
- Grainger County, TN, TNcounty41
- Cheshire County, NH, NHcounty50
Frequently asked questions
Is Salem, VA a buyer's or seller's market?
In the scores computed October 2026, Salem, VA is classified as a Balanced Market, based on its Alpha Score of 46 out of 100. The classification reflects current price, building, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Salem, VA?
The median sale price in Salem, VA is $364K, having risen 27.9% over the past year, according to Redfin.
How affordable is Salem, VA?
Salem, VA scores 20 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other counties.
What's driving Salem, VA's Alpha Score?
Salem, VA's strongest dimension is Economic Strength (66/100) and its weakest is Affordability (20/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Salem, VA? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.