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Salem Market Report

$751,447

AVERAGE PRICE OF 82 HOMES

$632,180

AVERAGE PRICE OF 20 DISTRESSED HOMES

$1,790,286

AVERAGE PRICE OF 14 MULTI-MILLION DOLLAR HOMES

$517,833

AVERAGE PRICE OF 6 HOMES WITH A POOL

$1,275,000

AVERAGE PRICE OF 1 REDUCED PRICE HOMES

Average Home

Average Price $751,447
Avg Bedrooms 2.88 beds
Avg Bathrooms 2.29 baths

Average Price by Bedrooms

1 bedroom $360,540
2 bedrooms $453,976
3 bedrooms $581,503
4 bedrooms $678,584
5 bedrooms $796,300
Salem Home Price Trends
  4/2023 3/2023 2/2023 1/2023 12/2022
Total Listings 88 67 75 86 109
Average Price $676,643 $719,576 $715,028 $737,561 $703,010
Avg Price Change -6.35% +0.64% -3.15% +4.91% +1.64%
Median Price $533,286 $550,112 $546,807 $553,196 $536,467
Med Price Change -3.16% +0.60% -1.17% +3.12% -2.95%
Avg Bedrooms 2.75 beds 2.87 beds 3.11 beds 3.29 beds 3.09 beds
Avg Bathrooms 2.18 baths 2.24 baths 2.27 baths 2.36 baths 2.22 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Salem 2 $349,900 39 days
Salem H.S 1 $299,900 46 days
Salem High 7 $740,414 62 days
Salem Hs 3 $626,333 18 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 82 $751,447 61 days
Distressed Homes 20 $632,180 75 days
Multi-Million Dollar Homes 14 $1,790,286 119 days
Homes with a Pool 6 $517,833 55 days
Reduced Price Homes 1 $1,275,000 45 days

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

Fair Housing/Equal Opportunity
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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
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