Comprehensive market data and analysis• Updated Dec 2025
6.0 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 7 | 11 | 17 |
| 1-2 acres | - | - | 1 | 3 |
| 2-5 acres | - | 1 | 3 | 9 |
| 5-10 acres | - | - | - | 5 |
| 10-20 acres | - | - | 1 | 1 |
| 20-50 acres | - | - | - | 2 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 8 | 16 | 37 |
Acreage buckets
The median price for land in Salem, Virginia is currently $29K per acre. For a typical parcel, the median sale price is $46K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $11K while premium lots reached $314K.
Salem, Virginia is currently a balanced market with 6.0 months of supply. Conditions favor neither buyers nor sellers significantly.
Salem, Virginia currently has 6.0 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
There are currently 16 active listings in Salem, Virginia. 6 new listings have hit the market in the last 90 days. The median asking price is $89K.
The median land price in Salem, Virginia stands at $46K. This translates to roughly $29K per acre for the typical parcel size. The average price is $885K, indicating some higher-priced properties pulling up the average.
The current absorption rate in Salem, Virginia is 16.7% (3-month basis), indicating strong demand.
Land in Salem, Virginia averages $102K per acre. The median price per acre is $29K, which may be more representative of typical transactions. Most parcels sold are around 1.2 acres.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
