Salem, VA Housing Market Brief
county · VA · as of July 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 Growing — strengthening, with scores rising over recent months. 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 4.7% 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 | $299K | ▼ -5.2% |
| Median Days on Market | 8 days | ▼ -55.6% |
| Months of Supply | 1.9 | ▲ +11.8% |
| Homes for Sale | 54 | ▲ +12.5% |
| Homes Sold | 28 | ▼ -3.4% |
| Median Price / Sq Ft | $158 | ▲ +2.7% |
How has Salem, VA’s Alpha Score moved?
Markets like Salem, VA
Frequently asked questions
Is Salem, VA a buyer's or seller's market?
As of July 2026, Salem, VA is classified as a Balanced Market, based on its Alpha Score of 52 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 $299K, having fallen 5.2% over the past year.
How affordable is Salem, VA?
Salem, VA scores 43 out of 100 on affordability — moderately affordable 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 (68/100) and its weakest is Rental Yield (34/100). 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.