Salem, MA Real Estate & Property Data

Salem Real Estate Market Trends
Last Updated: May 25, 2024

Accurate and comprehensive real estate data is critical for insight into Salem, MA. ATTOM’s Salem real estate data is updated daily, and current market trends show that in Salem, MA a total of 605 residential properties have sold over the past year. With a median home price of $650,000 in Salem and a total of 5 foreclosures. Get detailed property data for Salem, MA instantly. ATTOM is your one-stop-shop for the Salem property reports and real estate data you need in Salem, MA.

Salem Real Estate Market Trends
Total Residential Properties 11,614
Total Commercial Properties 867
Avg. Home Age (Single Family Home) 67 Years
Avg. Square Feet (Single Family Home) 1,795
Total 2024 Residential Sales (year-to-date) 119
% of Homes Seriously Underwater (Q2 2024) 0.58%
Total 2023 Residential Sales 556
% of Equity Rich Homes (Q2 2024) 47.93%
Effective 2023 Property Tax 1.05%
Total Foreclosure Filings (year-to-date) 12
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Salem, MA Real Estate Overview

There were 605 residential properties sold in the past year in Salem, MA. The median home value in Salem, MA is $553,448. There are a total of 11,614 residential properties in the Salem.

Median Sales Price i
$650,000
(Mar 2024)
+12.3%
year-over-year
y-o-y
  • March '24 Mar '24 $650,000
  • February '24 Feb '24 $675,000
  • January '24 Jan '24 $562,500
  • December '23 Dec '23 $535,000
  • November '23 Nov '23 $746,250
  • October '23 Oct '23 $746,250
  • September '23 Sep '23 $555,000
  • August '23 Aug '23 $710,000
  • July '23 Jul '23 $579,500
  • June '23 Jun '23 $625,000
  • May '23 May '23 $567,500
  • April '23 Apr '23 $574,900
Median Down Payment i
$107,250
(Mar 2024)
+85.2%
year-over-year
y-o-y
  • March '24 Mar '24 $107,250
  • February '24 Feb '24 $95,000
  • January '24 Jan '24 $77,875
  • December '23 Dec '23 $86,450
  • November '23 Nov '23 $135,280
  • October '23 Oct '23 $155,000
  • September '23 Sep '23 $132,990
  • August '23 Aug '23 $125,000
  • July '23 Jul '23 $74,509
  • June '23 Jun '23 $81,500
  • May '23 May '23 $83,250
  • April '23 Apr '23 $58,000
Number of Homes Sold i
45
(Mar 2024)
+7.1%
year-over-year
y-o-y
  • March '24 Mar '24 45
  • February '24 Feb '24 46
  • January '24 Jan '24 28
  • December '23 Dec '23 51
  • November '23 Nov '23 49
  • October '23 Oct '23 51
  • September '23 Sep '23 42
  • August '23 Aug '23 54
  • July '23 Jul '23 44
  • June '23 Jun '23 52
  • May '23 May '23 66
  • April '23 Apr '23 35
Number of Purchase Loans i
29
(Mar 2024)
year-over-year
y-o-y
  • March '24 Mar '24 29
  • February '24 Feb '24 17
  • January '24 Jan '24 17
  • December '23 Dec '23 22
  • November '23 Nov '23 27
  • October '23 Oct '23 29
  • September '23 Sep '23 24
  • August '23 Aug '23 37
  • July '23 Jul '23 32
  • June '23 Jun '23 44
  • May '23 May '23 39
  • April '23 Apr '23 21
Number of REFI Loans i
17
(Mar 2024)
-5.6%
year-over-year
y-o-y
  • March '24 Mar '24 17
  • February '24 Feb '24 17
  • January '24 Jan '24 24
  • December '23 Dec '23 44
  • November '23 Nov '23 14
  • October '23 Oct '23 14
  • September '23 Sep '23 23
  • August '23 Aug '23 17
  • July '23 Jul '23 9
  • June '23 Jun '23 22
  • May '23 May '23 20
  • April '23 Apr '23 11
Number of HELOC Loans i
13
(Mar 2024)
-23.5%
year-over-year
y-o-y
  • March '24 Mar '24 13
  • February '24 Feb '24 7
  • January '24 Jan '24 7
  • December '23 Dec '23 10
  • November '23 Nov '23 15
  • October '23 Oct '23 15
  • September '23 Sep '23 7
  • August '23 Aug '23 14
  • July '23 Jul '23 11
  • June '23 Jun '23 7
  • May '23 May '23 9
  • April '23 Apr '23 4

Salem, MA Real Estate Market Overview

Last 30 days
  • Zip
    Median Est. Value

Salem, MA Foreclosure Activity

There were a total of 5 Salem, MA properties with a foreclosure filing in March 2024.

Total Foreclosure Filings i
5
(Mar 2024)
+25%
year-over-year
y-o-y
  • March '24 Mar '24 5
  • February '24 Feb '24 2
  • January '24 Jan '24 5
  • December '23 Dec '23 1
  • November '23 Nov '23 4
  • October '23 Oct '23 N/A
  • September '23 Sep '23 4
  • August '23 Aug '23 4
  • July '23 Jul '23 1
  • June '23 Jun '23 3
  • May '23 May '23 3
  • April '23 Apr '23 N/A
Foreclosure Starts i
5
(Mar 2024)
  • March '24 Mar '24 5
  • February '24 Feb '24 2
  • January '24 Jan '24 2
  • December '23 Dec '23 1
  • November '23 Nov '23 2
  • October '23 Oct '23 N/A
  • September '23 Sep '23 4
  • August '23 Aug '23 4
  • July '23 Jul '23 1
  • June '23 Jun '23 2
  • May '23 May '23 2
  • April '23 Apr '23 N/A
Completed Foreclosures (REOs) i
  • March '24 Mar '24 N/A
  • February '24 Feb '24 N/A
  • January '24 Jan '24 N/A
  • December '23 Dec '23 1
  • November '23 Nov '23 N/A
  • October '23 Oct '23 N/A
  • September '23 Sep '23 N/A
  • August '23 Aug '23 N/A
  • July '23 Jul '23 N/A
  • June '23 Jun '23 N/A
  • May '23 May '23 1
  • April '23 Apr '23 N/A
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