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Salem Real Estate Market Report

Search in the subdivisions of Salem, Salem Lakes, Salem Run, and other subdivisions

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Report prepared by Homesinvabeach.com Boyd Realty Partners
Salem Real Estate Market Report
Welcome to your real-time resource for the Salem real estate market, one of Virginia Beach’s most welcoming, established, and active suburban communities. Centered along Salem Road, Ferrell Parkway, and North Landstown Road in ZIP code 23456, Salem sits at the crossroads of central and southern Virginia Beach, offering an ideal blend of neighborhood tranquility and everyday convenience.

Market at a glance

Over the last 6 months, homes sold for 96.3% of list price in 15 days on average.

Homes sold per month

Closed sales, last 12 months.

Sold tab (last 6 months) Earlier

Peak: 1 sale in Jul. Last month: 0.

Where the market stands

All homes in this report, by status.

22homes
Active13 · 59%
Under contract8 · 36%
Sold (6 mo)1 · 5%

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

78.0months of inventory
Seller's, under 4BalancedBuyer's, over 6

Buyers have room to negotiate in this market.

Average price by status

Active$412K
Under contract$483K
Sold$286K

Average days on market

Active48 days
Under contract30 days
Sold15 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale
Homes for sale 13
Average list price $412,146
Avg. days on market 48 days
Avg. price per ft² $224
Avg. living area 1,875 ft²
Avg. beds / baths 3.6 / 2.2

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

$900K$600K$300K$0

Price vs. living area: 13 homes plotted, up to $900K and 3,000 ft².

0 ft²1,0002,0003,000 ft²

How long homes have been listed

Number of homes by days on market.

Bedroom mix

Number of homes by bedroom count.

Highest price per ft²

Top 7 homes in this status.

1933 Aquamarine Drive$263
4045 Starwood Arch$248
3825 Frazier Lane$248
3904 Peridot Place$236
1408 Needham Court$233
3939 Morning Light Lane$233
3946 Lantana Place$231

All active listings

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
4045 Starwood ArchSouth Central 2 Virginia Beach, VA 23456 32.11,550$385,000$2485 days
1408 Needham CourtSouth Central 2 Virginia Beach, VA 23456 52.12,703$630,000$23312 days
3939 Morning Light LaneSouth Central 2 Virginia Beach, VA 23456 21.11,179$274,900$23314 days
3737 Grey Dove LaneSouth Central 2 Virginia Beach, VA 23456 32.11,708$375,000$21925 days
3904 Peridot PlaceSouth Central 2 Virginia Beach, VA 23456 531,900$449,900$23632 days
3825 Frazier LaneSouth Central 2 Virginia Beach, VA 23456 421,642$408,500$24832 days
4481 Pissarro DriveSouth Central 2 Virginia Beach, VA 23456 432,808$534,900$19034 days
3946 Lantana PlaceSouth Central 2 Virginia Beach, VA 23456 32.11,356$313,900$23136 days
2016 Inverrary CourtSouth Central 2 Virginia Beach, VA 23456 421,676$350,000$20848 days
1489 Round Hill DriveSouth Central 2 Virginia Beach, VA 23456 42.12,572$524,900$20454 days
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Questions about this market?

These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.

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Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings; user is advised to verify the accuracy of the listing information before making any financial decisions.