Salem, MA housing market
The typical Salem home is worth about $609,000, up 0.6% in a year, 8% below the Massachusetts typical home. Homes typically sell in 20 days, a little above asking.
Home values, sales, trends and how Salem compares with the towns next door — updated as new data is published.
Salem at a glance
A seller's market
Supply is tight — about 2.1 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Salem | Massachusetts |
|---|---|---|
| 2017 | $347,000 | $382,000 |
| 2018 | $375,000 | $407,000 |
| 2019 | $401,000 | $426,000 |
| 2020 | $416,000 | $438,000 |
| 2021 | $467,000 | $485,000 |
| 2022 | $511,000 | $536,000 |
| 2023 | $540,000 | $572,000 |
| 2024 | $576,000 | $616,000 |
| 2025 | $603,000 | $648,000 |
| 2026 | $610,000 | $658,000 |
| August 2026 | $609,000 | $662,000 |
Salem and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Salem | $609K | +0.6% | 20 | $85,153 |
| Beverly | $763K | +3.4% | 20 | $106,044 |
| Marblehead | $1.05M | +2.9% | — | $182,132 |
| Peabody | $697K | +1.1% | 21 | $96,657 |
| Danvers | $734K | +2.1% | 22 | $125,395 |
| Swampscott | $829K | +2.5% | 27 | $134,386 |
7.2 years of income
The typical Salem home costs about 7.2 years of the town's median household income, more than across Massachusetts (6.4 years).
How Salem ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Recent listings in Salem
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.