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Salem Market Trends

Today, December 1, 2009

Median Sales Price in Salem

Embed Info
1 yr 5 yr Max
Salem median sales prices
Number of sold homes in Salem
No. BedroomsAug - Oct '09y-o-y3 months prior1 year prior5 years prior
1 bedroom$166,750-1.3%$162,450$169,000$236,450
2 bedrooms$235,250-2.0%$225,000$240,000$323,300
3 bedrooms$290,000+3.0%$277,500$281,500$320,000
4 bedrooms$293,750+7.6%$328,250$273,000$370,000
All properties$246,250-0.6%$245,000$247,825$326,000
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Salem Summary

The median sales price for homes in Salem MA for Aug 09 to Oct 09 was $246,250. This represents an increase of 0.5%, or $1,250, compared to the prior quarter and a decrease of 0.6% compared to the prior year. Sales prices have depreciated 24.5% over the last 5 years in Salem.

The average listing price for Salem homes for sale on Trulia was $312,133 for the week ending Nov 25, which represents an increase of 1.9%, or $5,861, compared to the prior week and an increase of 1.1%, or $3,294, compared to the week ending Nov 04. Average price per square foot for Salem MA was $181, an increase of 10.4% compared to the same period last year.

 

Average Listing Price in Salem

Embed Info
1 yr 5 yr Max
Salem average property price
Salem – number of properties
No. BedroomsWeek ending
Nov 25
w-o-wWeek ending
Nov 18
Week ending
Nov 11
Week ending
Nov 4
1 bedroom$196,266+2.7%$191,185$186,283$194,506
2 bedrooms$245,818+0.9%$243,615$243,823$242,546
3 bedrooms$289,577-0.6%$291,245$294,500$292,888
4 bedrooms$381,600-0.5%$383,707$377,114$365,088
All properties$312,133+1.9%$306,272$303,255$308,839
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Average Price Per Sqft for Homes in Salem

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1 yr 5 yr Max
Salem average price per square foot
No. BedroomsAug - Oct '09y-o-y3 months prior1 year prior5 years prior
1 bedroom$203-4.2%$203$212$220
2 bedrooms$188+5.0%$186$179$201
3 bedrooms$199+13.1%$172$176$187
4 bedrooms$136+2.3%$151$133$176
All properties$181+10.4%$168$164$199
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Homes for Sale in Salem

357 Jefferson Avenue, Salem MA
357 Jeffer…
$199,500
3 br  2 ba
137 North Street #2, Salem MA
137 North…
$207,000
3 br  1 ba
19 Gedney Street #3, Salem MA
19 Gedney…
$219,900
2 br  1 ba
26 Irving Street, Salem MA
26 Irving…
$312,900
3 br  1 ba
3 Fairfield Street, Salem MA
3 Fairfield…
$389,900
3 br  2 ½ ba
5 Valiant Way, Salem MA
5 Valiant…
$239,900
2 br  2 ba
View all Salem Homes for Sale
 
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Nearby Cities

Cities
Median
sales price
Average
listing price
Marblehead
$425,500
$879,569
Swampscott
$368,000
$680,798
Peabody
$268,975
$316,392
Danvers
$306,750
$400,665
Beverly
$300,000
$642,257
Lynn
$171,733
$225,246
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Advice

Recent Q&A in Salem, MA

Q: I am looking for a mortgage broker/lender who has been through the "spot" FHA approval process. 3 answers
Q: I have been waiting a week to hear back from a bank about a mortgage loan.. 8 answers
Q: I was denied a mortgage loan and don't really understand why.. 5 answers
Q: I am having trouble figuring out homeowners insurance. 4 answers
Q: I am interested in a property that has a commercial space on the 1st floor. 3 answers

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Our real estate market trends page gives you a valuable overview of the Salem real estate market. Find Salem properties, sales statistics, real estate price trends, and real estate market activity. Find detailed information on Salem average and median listing prices, home value trends, and average price per square feet information for single family homes, condos, and other property types. Real estate market data is segmented by the number of bedrooms and Salem housing statistics are available for each Salem, MA neighborhood.
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About this Info
Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.

Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Average Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.

Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Median Sales Price is the price at which one half of the homes sold above that amount and one half of the homes sold below that amount. Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.

Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Average Price per Square Foot is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.