Salem, MA Housing Market
The Salem housing market is very competitive. Homes in Salem receive 5 offers on average and sell in around 17 days. The median sale price of a home in Salem was $500K last month, down 6.7% since last year. The median sale price per square foot in Salem is $373, up 4.8% since last year.
Salem Housing Market Trends
In March 2024, Salem home prices were down 6.7% compared to last year, selling for a median price of $500K. On average, homes in Salem sell after 17 days on the market compared to 26 days last year. There were 35 homes sold in March this year, up from 28 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Salem housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 2% above list price and go pending in around 20 days.
- Hot homescan sell for about 6% above list price and go pending in around 14 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 2% above list price and go pending in around 20 days.
- Hot homescan sell for about 6% above list price and go pending in around 7 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 2% above list price and go pending in around 19 days.
- Hot homescan sell for about 7% above list price and go pending in around 9 days.
Salem Migration & Relocation Trends
- Across the nation, 2% of homebuyers searched to move into Salem from outside metros.
- New York homebuyers searched to move into Salem more than any other metro followed by Hartford and San Francisco.
- 82% of Salem homebuyers searched to stay within the Salem metropolitan area.
- Portland was the most popular destination among Salem homebuyers followed by Lebanon and Miami.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 2,367 | ||
2 | 1,280 | ||
3 | 400 | ||
4 | 312 | ||
5 | 131 | ||
6 | 108 | ||
7 | 105 | ||
8 | 28 | ||
9 | 17 | ||
10 | 8 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 3,041 | ||
2 | 1,853 | ||
3 | 1,807 | ||
4 | 1,019 | ||
5 | 995 | ||
6 | 895 | ||
7 | 753 | ||
8 | 664 | ||
9 | 394 | ||
10 | 347 |
View houses in Salem that sold recently
Recently sold homes
- $1,050,000 Last Sold Price3 beds3 baths2,956 sq ft22 Beach Ave, Salem, MA 01970List Price$1,050,000Sale to List0% over listDays on Market51 days22 Beach Ave, Salem, MA 01970
- $520,000 Last Sold Price2 beds2 baths1,290 sq ft11 Barton Sq #201, Salem, MA 01970List Price$499,999Sale to List4% over listDays on Market29 days11 Barton Sq #201, Salem, MA 01970
- $600,000 Last Sold Price3 beds3 baths2,453 sq ft18 America Way #5, Salem, MA 01970List Price$614,500Sale to List2% under listDays on Market62 days18 America Way #5, Salem, MA 01970
- $401,000 Last Sold Price2 beds1.5 baths1,234 sq ft10 Rawlins St, Salem, MA 01970List Price$385,000Sale to List4% over listDays on Market46 days10 Rawlins St, Salem, MA 01970
- $675,000 Last Sold Price2 beds2 baths1,000 sq ft107 Leach St #2, Salem, MA 01970List Price$683,000Sale to List1% under listDays on Market95 days107 Leach St #2, Salem, MA 01970
- $480,000 Last Sold Price3 beds1.5 baths1,008 sq ft2 Berkley St, Peabody, MA 01960List Price$469,900Sale to List2% over listDays on Market56 days2 Berkley St, Peabody, MA 01960
- $488,000 Last Sold Price2 beds1.5 baths787 sq ft8 Curtis St #1, Salem, MA 01970List Price$479,900Sale to List2% over listDays on Market41 days8 Curtis St #1, Salem, MA 01970
- $836,000 Last Sold Price4 beds2.5 baths2,291 sq ft43 Appleton St, Salem, MA 01970List Price$830,000Sale to List1% over listDays on Market27 days43 Appleton St, Salem, MA 01970
See all recently sold homes in Salem.
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Schools in Salem
- Elementary
- Middle
- High
GreatSchools Rating
6/10 Ayers/ryal Side School Public • K-4 | 426 Students | 6 reviews |
6/10 Village School Public • 3-6 | 642 Students | 5 reviews |
4/10 Horace Mann Laboratory Public • K-5 | 300 Students | 6 reviews |
4/10 Center Public • K-5 | 384 Students | 3 reviews |
4/10 Thomas Carroll Public • K-5 | 616 Students | 3 reviews |
Climate's impact on Salem housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Salem.
Flood Factor - Moderate
Flood Factor
Fire Factor - Minor
Fire Factor
Wind Factor - Severe
Wind Factor
Wind likelihood over time
Heat Factor - Major
Heat Factor
Transportation in Salem
Walk Score®
Transit Score®
Bike Score®
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