The Federal Street housing market is very competitive. The median sale price of a home in Federal Street was $722K last month, up 28.4% since last year. The median sale price per square foot in Federal Street is $383, down 21.7% since last year.
What is the housing market like in Federal Street today?
In June 2025, Federal Street home prices were up 28.4% compared to last year, selling for a median price of $722K. On average, homes in Federal Street sell after 23 days on the market compared to 21 days last year. There were 6 homes sold in June this year, up from 4 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$722,000
+28.4% YoY | Jun 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jun 2025
Growth
% YoY
Federal Street, MA
$722,000
+28.4%
United States
To compare other locations to the Federal Street and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Salem add value to a home.
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How hot is the Federal Street housing market?
Federal Street is very competitive. Homes sell in 29 days.
0
100
79
Very Competitive
Redfin Compete Score™
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 12 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 29 days.
Hot homes
can sell for about 3% above list price and go pending in around 19 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Federal Street housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Federal Street.
Flood Factor - Major
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Federal Street has a major risk of flooding. 25 properties in Federal Street are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in Federal Street. Flood risk is increasing slower than the national average.
100% of properties are at severe
risk of a severe wind event over the next 30 years
Wind Factor
Federal Street has a Severe Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Federal Street is most at risk from hurricanes. 261 properties in Federal Street have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 97 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 108 mph.