Salem, VA Housing Market Brief
county · VA · as of August 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.
Where is Salem, VA in its market cycle?
Salem, VA is classified as Emerging — early in its cycle, with scores climbing from a low base. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Salem, VA?
Our model forecasts Salem, VA’s home prices to rise about 5.1% over the next 12 months (medium confidence).
This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.
Salem, VA housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $330K | ▲ +26.9% |
| Median Days on Market | 11 days | ▼ -57.7% |
| Months of Supply | 3.7 | ▲ +32.1% |
| Homes for Sale | 67 | ▲ +17.5% |
| Homes Sold | 19 | ▼ -9.5% |
| Median Price / Sq Ft | $143 | ▼ -23.6% |
How has Salem, VA’s Alpha Score moved?
Markets like Salem, VA
- Manassas, VA, VAcounty49
- Colquitt County, GA, GAcounty50
- Umatilla County, OR, ORcounty46
- Churchill County, NV, NVcounty50
- Pearl River County, MS, MScounty47
- Polk County, GA, GAcounty51
- Chester County, SC, SCcounty47
- Fairfax City County, VA, VAcounty46
- Cheatham County, TN, TNcounty44
- Madison County, VA, VAcounty47
Frequently asked questions
Is Salem, VA a buyer's or seller's market?
As of August 2026, Salem, VA is classified as a Balanced Market, based on its Alpha Score of 48 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Salem, VA?
The median sale price in Salem, VA is $330K, having risen 26.9% over the past year.
How affordable is Salem, VA?
Salem, VA scores 30 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 (65/100) and its weakest is Affordability (30/100). 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.