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Featured local agent — Salem, MA
Sarah Mitchell
Compass Real Estate · Salem, MA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Salem, MA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$610,000median sale price
How is the Salem, MA housing market right now?
The median home sale price in Salem, MA is $610,000, up 6.6% year-over-year. Homes sell in an average of 20 days with 83 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Salem a buyer's or seller's market?
Salem, MA is currently a seller's market, based on 2.1 months of supply and homes selling in about 20 days. How we determine this →
Homes sold
39
Last 12 weeks
Days on market
20
Fast-moving
Active listings
83
2.1 months supply
Sale-to-list
100.7%
Above asking
What does the Salem housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $610,000 |
| Median list price | $609,900 |
| Year-over-year price change | +6.6% |
| Average days on market | 20 days |
| Active inventory | 83 listings |
| Months of supply | 2.1 months |
| Sale-to-list price ratio | 100.7% |
| Median price per sq ft | $397/sq ft |
| Homes sold (latest month) | 39 |
| New listings (latest month) | 77 |
| Listings with a price cut | 20.5% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Salem by property type?
How the Salem, MA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $620,000 | $412/sq ft | 16 | 24 days |
| Condo / Co-op | $475,000 | $443/sq ft | 12 | 20 days |
| Townhouse | $620,000 | $327/sq ft | 9 | 20 days |
Source: Redfin · Updated monthly
The Salem housing market is currently classified as a seller's market with a median sale price of $610,000. Prices have risen 6.6% compared to last year, with homes spending an average of 20 days on market, indicating 2.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 7.3x provides context for how home values compare to local earning capacity.
Homes for sale in Salem
There are currently 83 homes listed for sale in Salem, Massachusetts. The median listing price is $610K.
Active listings
83
Homes on market
Median list price
$610K
Avg. days on market
20
Days until sale
New this week
77
Newly listed
Who lives in Salem?
Population
44,241
Median income
$85,137/yr
Median age
38.5 years
Owner-occupied
51.4%
College grads
49.6%
Avg commute
29.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Salem?
Zillow home value
$620,748
Zillow rent index
$2,742/mo
Price-to-rent ratio
18.9x
Price-to-income
7.3x
Source: Zillow Research
What is it like to live in Salem?
Salem is a community of approximately 44K residents with a median age of 38.5 years.The median household income is $85,137, which reflects a relatively affluent area with strong earning potential. 49.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 51.4%, showing a blend of owner and renter-occupied properties. The average commute time is 29.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Salem offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Salem?
12 schools tracked · 4,299 students
The largest public schools serving Salem, MA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Salem High
Grades 9-12 · 948 students
Collins Middle
Grades 6-8 · 625 students
Salem Academy Charter School
Grades 6-12 · 488 students
Witchcraft Heights
Grades K-5 · 446 students
Bates
Grades PK-5 · 397 students
Saltonstall School
Grades K-8 · 390 students
Horace Mann Laboratory
Grades PK-5 · 307 students
Bentley Academy Innovation School
Grades K-5 · 270 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Salem, MA?
Want a head-to-head view? Compare Salem side-by-side with any other U.S. city using our market-comparison tool.
Is Salem a good real estate investment market?
For investors evaluating Salem, the price-to-rent ratio of 18.9x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 6.6% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Salem's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Salem's median home price.
Frequently asked questions
What is the average home price in Salem?
The median home sale price in Salem is $610,000, up 6.6% from last year.
How long do homes stay on market in Salem?
Homes typically spend 20 days on market before going under contract.
What is the median income in Salem?
The median household income is $85,137 per year.
Is Salem a buyer's or seller's market?
With 2.1 months of supply, Salem is currently a seller's market.
What is the Zillow home value estimate for Salem?
The Zillow Home Value Index (ZHVI) for Salem is $620,748, representing the typical home value in the area.
What is the median condo price in Salem?
The median condo/co-op sale price in Salem, MA is $475,000, compared to $620,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Salem?
The median single-family home price in Salem, MA is $620,000 (about $412 per square foot).
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