Salem, MA Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Salem, MA is $640,000, up 23.4% year-over-year. Homes sell in an average of 35 days with 41 active listings. The market is currently a seller's market.
$640,000median sale price
Is Salem a buyer's or seller's market?
Salem, MA is currently a seller's market, based on 2.0 months of supply and homes selling in about 35 days. How we determine this →
Homes sold
21
Last 12 weeks
Days on market
35
Average pace
Active listings
41
2.0 months supply
Sale-to-list
98.4%
Below asking
Salem, MA market data
| Metric | Value |
|---|---|
| Median sale price | $640,000 |
| Median list price | $550,000 |
| Year-over-year price change | +23.4% |
| Average days on market | 35 days |
| Active inventory | 41 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 98.4% |
| Market condition | Seller's market |
Source: Redfin · Updated weekly
The Salem housing market is currently classified as a seller's market with a median sale price of $640,000. Prices have risen 23.4% compared to last year, with homes spending an average of 35 days on market, indicating 2.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Salem
There are currently 41 homes listed for sale in Salem, Massachusetts. The median listing price is $550K.
Active listings
41
Homes on market
Median list price
$550K
Avg. days on market
35
Days until sale
New this week
29
Newly listed
Top public schools in 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.
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Frequently asked questions
What is the average home price in Salem?
The median home sale price in Salem is $640,000, up 23.4% from last year.
How long do homes stay on market in Salem?
Homes typically spend 35 days on market before going under contract.
Is Salem a buyer's or seller's market?
With 2.0 months of supply, Salem is currently a seller's market.
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