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Salem

Why you'd want to live in Salem

Salem is a city on the north coast of Massachusetts above Boston. It's famous for its 1692 witch trials, during which several locals were executed for allegedly practicing witchcraft. Landmarks from this episode include the Witch House, the former home of a trial judge. The Peabody Essex Museum has a massive collection of global art and artifacts, including a rebuilt Qing-era Chinese house. via google

Salem Market Report

$727,222

AVERAGE PRICE OF 77 HOMES

$630,063

AVERAGE PRICE OF 11 DISTRESSED HOMES

$1,959,000

AVERAGE PRICE OF 11 MULTI-MILLION DOLLAR HOMES

$533,957

AVERAGE PRICE OF 7 HOMES WITH A POOL

$506,333

AVERAGE PRICE OF 3 REDUCED PRICE HOMES

Average Home

Average Price $727,222
Avg Bedrooms 3.31 beds
Avg Bathrooms 2.32 baths

Average Price by Bedrooms

1 bedroom $237,500
2 bedrooms $489,610
3 bedrooms $586,126
4 bedrooms $569,288
5 bedrooms $616,183
Salem Home Price Trends
  1/2023 12/2022 11/2022 10/2022 9/2022
Total Listings 86 109 116 119 134
Average Price $737,561 $703,010 $691,676 $678,939 $651,798
Avg Price Change +4.91% +1.64% +1.88% +4.16% -10.43%
Median Price $553,196 $536,467 $552,277 $546,476 $543,235
Med Price Change +3.12% -2.95% +1.06% +0.60% -2.14%
Avg Bedrooms 3.29 beds 3.09 beds 3.06 beds 2.96 beds 2.75 beds
Avg Bathrooms 2.36 baths 2.22 baths 2.11 baths 1.97 baths 1.88 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Salem 2 $542,000 94 days
Salem High 5 $884,599 67 days
Salem Hs 2 $519,450 27 days
Shs 5 $595,180 61 days
South Salem 1 $645,000 6 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 77 $727,222 70 days
Distressed Homes 11 $630,063 111 days
Multi-Million Dollar Homes 11 $1,959,000 81 days
Homes with a Pool 7 $533,957 67 days
Reduced Price Homes 3 $506,333 84 days

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Sagan Harborside Sotheby's International Realty
Michael Cannuscio
One Essex St
Marblehead, MA 01945
781-838-0068

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