Salem, MA Home Values & Market Trends
Real estate market trends reflect that there have been 575 transactions over the past year in Salem. The median value for residential home transactions that occurred over the previous year is $577,673.48. The number of current listings in Salem is 10, and the percentage of properties for sale in the city is 10.00%. Salem, MA currently has 18 properties in foreclosure, 2 bank owned properties, 1 properties headed for auction, and 10 properties for sale.
Salem, MA Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 01970 | $ 607,263 $ 340/sqft |
Housing Market Summary for Salem, MA
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $479K | $558.6K | 16.62% |
| Median Sold Price | $520K | $558.6K | 7.42% |
| Homes For Sale | 16 | 10 | -37.50% |
| Homes Sold | 218 | 240 | 10.09% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Salem, MA
Browse Homes in Salem, MA
Salem home values range from $108,563 to $5,189,202. The median estimated value of a home in Salem is $577,673.48. The median list price of a home is 489,000, and the total count of properties in the city is 11,660.
- Pre-ForeclosurePre-foreclosure homes account for 0.13% of all residential properties in Salem, MA with 01970 containing 15 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Salem, MA; of that zips, the estimated home value for pre-foreclosure homes ranges from $782,197 in 01970 to the lowest home value of $512,408 in 01970.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Salem, MA ranges from the highest value of $652,700 in 01970 to the lowest value of $428,999 in 01970. Bank owned homes and properties account for 0.02% of properties in Salem, MA. There is 1 zips within Salem, MA; 01970 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions01970 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Salem, MA. Auction homes and other auction properties account for 0.01% of all properties in Salem, MA. There is 1 zips within Salem, MA; of that zips, the median estimated home value for homes going to auction ranges from $526,116 in 01970 to the lowest value of $526,116 in 01970.
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Guide for Salem, MA
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