Salem, WV Foreclosures
How much do homes sell for in Salem, WV?
The average home price is currently $133,498.
In Salem, WV, how many homes are available?
There are currently 5 active home listings available in Salem.
What’s the average rental cost in Salem, WV?
The average rental price in Salem is $834.
What is the most expensive home in Salem?
The most expensive home sold in Salem had a price of $2,116,000.
What is currently the cheapest priced home in Salem, WV?
The cheapest home for sale in Salem is priced at $8,196.
Living in Salem, WV
Salem, West Virginia, is a charming small town nestled in Harrison County. Known for its rich history and close-knit community, Salem offers a peaceful lifestyle with access to the beautiful West Virginia countryside. Residents enjoy a variety of local amenities and recreational activities, making it an ideal place for families and retirees alike.
Current Market Conditions in Salem, WV
The real estate market in Salem has shown some stability over the past year, with a moderate increase in home values. The demand for family homes has been consistent, driven by the area's affordability and attractive community offerings. Buyers have been taking advantage of low-interest rates, which have made home purchasing more accessible for many.
In recent months, however, there has been a slight slowdown in market activity, typical for the off-peak season. Prospective homebuyers may find slightly fewer properties available, yet the competitive aspect remains as family-friendly homes continue to generate interest.
Home Value Estimator For Salem, WV
There are currently 997 real estate properties
in Salem, WV,
with a median automated valuation model (AVM) price
of $109,714.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Salem, WV, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Salem, WV,
is $133,498.00, with the most expensive house
in Salem, WV, topping out
at $2,116,000.00 and the cheapest home
in Salem, WV,
clocking in at $8,196.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Salem, WV!
Rent Prices
In Salem, WV
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Salem, WV, is on
a rollercoaster ride. The
average rent price in Salem, WV,
is $834.00. Indeed, when looking to rent in
Salem, WV, you can expect to pay as little
as $440.00 or as much
as $1,700.00,
with the average rent median estimated to
be $810.00. The good news is that finding
an affordable and desirable property to rent in Salem, WV
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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