Redfin home price, sales and inventory figures run through September 2026. Other sources still update weekly. Why

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Salem, Virginia

Single-family vs. condo trends, market pressure signals, and 5-year price history. Source: Redfin.

Median Sale Price
$364,185
—
Active Inventory
107
Days on Market
47 days
Price Drops
19.8%

Single-Family vs. Condo

Source: Redfin (property-type breakdown)
Single-Family Median
$369,735
+29.8% YoY
Condo / Co-op Median
$339,691
SFR vs. Condo YoY Gap
-81.1%
condos outperforming SFR
DOM: SFR vs. Condo
37d / 92d
SFR / Condo

Buyer vs. Seller Market Indicators

Latest month — Redfin
Months of Supply
4.3 mo
Balanced

Inventory ÷ monthly sales. Below 3 = strong seller market; 3-6 balanced; above 6 = buyer market.

Sale-to-List Ratio
97.3%
At asking

Median closing price ÷ original list price. Above 100% = homes routinely closing above asking.

% Sold Above List
13%
Buyer-favorable

Share of closed sales priced above asking. The single cleanest read on bidder competition.

What does your sqft target cost in Salem, Virginia?

$165/sqft median (Redfin)
+$0 adj
+$0 adj
optional
Estimated price
$330,840
Near median (-9% vs median)
Region median
$364,185
all homes
Price-tier reverse lookup — what sqft does each price band buy?
$600,000
≈ 3,627 sqft
$1,200,000
≈ 7,254 sqft
$2,000,000
≈ 12,090 sqft
$5,000,000
≈ 30,226 sqft

Estimate = (median $/sqft × your sqft) + bed/bath/lot adjustments. Bed and bath adjustments use Appraisal Institute / Fannie Mae standard rules of thumb (~$15K/extra bedroom, ~$20K/extra bathroom vs. a 3bd/2ba baseline; half-bath = half adj). Lot premium is a $1.50/sqft heuristic beyond a 6,000 sqft baseline — accuracy varies sharply by urban infill vs. acreage market. Quality, condition, year built, and HOA are not modeled here. For a deeper county-level hedonic AVM, see AVM Lite.

Rent + invest vs. buy + own — backtested

15-yr rolling history · S&P 500
Property type:
Upfront capital committed (both paths): $84K = 20% down + 3% closing on a $364K home
BUY + OWN
Median ending wealth $320K $195K real
Net gain on $84K upfront: $236K
Range: $320K → $320K
Wealth = home value (appreciated at 3%/yr) − remaining mortgage − 6% selling cost. Gain = wealth − upfront. Leveraged appreciation on full $364K asset comes from the 20% down.
RENT + INVEST
Median ending portfolio $615K $415K real
Net gain on $188K contributed: $427K
Range: $278K → $1.68M
Same upfront cash + each year's (own − rent) surplus invested in S&P 500 at actual annual returns. Median renter contributed $188K total.
Median wealth delta: $295K in favor of RENT + INVEST
What if you'd started in a recent year? (most-recent 15yr window: 2011–2025)
WindowBuy wealthBuy gainRent wealthRent gainWealth delta
2011–2025$320K$236K$922K$734K$602K rent
2010–2024$320K$236K$943K$756K$623K rent
2009–2023$320K$236K$917K$729K$597K rent
2008–2022$320K$236K$591K$403K$271K rent
2007–2021$320K$236K$761K$574K$441K rent
2006–2020$320K$236K$655K$467K$335K rent
2005–2019$320K$236K$584K$397K$265K rent
2004–2018$320K$236K$483K$295K$163K rent

Educational tool, not investment or real-estate advice. Past performance does not guarantee future results. Backtests use actual annual total returns including dividends from S&P 500 (Damodaran (NYU Stern) annual total return (with dividends), 1957-present.).

Buyer model: 30-yr fixed mortgage, P&I + property tax + insurance + maintenance (1% of value/yr) + HOA. Selling cost = 6%. Investor model: down payment + annual cashflow surplus invested in the chosen index at that calendar year's actual return.

Tax model: pre-tax comparison. Toggle "after-tax mode" to apply MID, SALT, LTCG, and the Sec 121 capital-gains exclusion.

This calculator does not adjust for: PMI (assumed 20%+ down), differential transaction costs by state, lifestyle factors (commute, schools, kids), illiquidity / forced-sale risk, or insurance availability constraints (e.g., FL/CA wildfire). Consult a fiduciary advisor and tax professional before acting on any of this.

Market Pressure Signals

Derived from Redfin trend
Inventory vs. Long-Term Avg
+116.6%
surplus — buyer leverage
DOM vs. 24-Mo Avg
+108.5%
currently 47 days
Long-Term Avg Inventory
49
Long-Term Avg DOM
23 days

Mortgage & Price Stress

State HPI + national delinquency
State HPI YoY
+3.8%
positive — appreciating
State HPI vs. Peak
0.0%
at or near peak peak 2026-04-01
National Mortgage Delinquency
1.86%
benchmark — 2026-04-01 county-grain delinquency requires paid data

State-grain HPI YoY + drawdown from peak is the cleanest free price-stress proxy. The national delinquency rate gives the macro mortgage-stress backdrop. True county-level mortgage delinquency lives in paid datasets (MBA NDS, CoreLogic LP).

Trends

Up to 5 years of monthly data

Median Sale Price

Trailing 12 months

Active Inventory

Trailing 12 months

Days on Market

Trailing 12 months

Looking for state-level data? See Virginia statewide stats →

Verify any number on this page: data sources, formulas, and cross-references →