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Salem

Why you'd want to live in Salem

Salem, Massachusetts is a city rich in history and culture, famously known for its witch trials of 1692. Today, Salem offers a unique blend of historic sites and modern amenities. The city has a thriving arts and cultural scene, with numerous museums, galleries, and theaters. Salem’s downtown area is bustling with shops, restaurants, and cafes, providing a lively atmosphere for residents. The city is also home to several parks and waterfront areas, offering plenty of outdoor recreational opportunities. With its historic charm, vibrant community, and easy access to public transportation, Salem is a dynamic place to live.

Salem Market Report

$696,148

AVERAGE PRICE OF 100 HOMES

$577,107

AVERAGE PRICE OF 14 DISTRESSED HOMES

$1,804,125

AVERAGE PRICE OF 8 MULTI-MILLION DOLLAR HOMES

$848,350

AVERAGE PRICE OF 8 NEWLY BUILT HOMES

$652,462

AVERAGE PRICE OF 8 HOMES WITH A POOL

$540,533

AVERAGE PRICE OF 9 REDUCED PRICE HOMES

Average Home

Average Price $696,148
Avg Bedrooms 2.84 beds
Avg Bathrooms 2.08 baths

Average Price by Bedrooms

1 bedroom $413,616
2 bedrooms $543,490
3 bedrooms $687,100
4 bedrooms $727,638
5 bedrooms $1,883,750
Salem Home Price Trends
  5/2025 4/2025 3/2025 2/2025 1/2025
Total Listings 77 60 52 39 37
Average Price $799,702 $849,408 $887,897 $916,573 $830,289
Avg Price Change -6.22% -4.53% -3.23% +10.39% +13.55%
Median Price $658,057 $668,747 $660,504 $650,581 $659,033
Med Price Change -1.62% +1.25% +1.53% -1.30% +1.50%
Avg Bedrooms 3.24 beds 3.17 beds 3.02 beds 2.88 beds 2.69 beds
Avg Bathrooms 2.34 baths 2.19 baths 2.4 baths 2.36 baths 2.14 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Salem High 7 $571,957 16 days
Total Homes Average Price Avg Days on Site
All Homes 100 $696,148 31 days
Distressed Homes 14 $577,107 18 days
Multi-Million Dollar Homes 8 $1,804,125 35 days
Newly Built Homes 8 $848,350 48 days
Homes with a Pool 8 $652,462 10 days
Reduced Price Homes 9 $540,533 41 days

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Keller Williams Evolution | North Shore Living
Shannon McInnis
500 Cummings Center Suite 1550
Beverly, MA 01915
978-697-6953

leader bank logo.png
Roger Brasil | Leader Bank
(617) 963-6452
48 Northern Avenue
Boston, MA 02210

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
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