House Prices

House Prices & Home Values Salem, CT 2026


Average Data

average house price$356,549
average size per house2042 ft²
average price per ft²175 $ / ft²

06/26/2026 - The value range (VR) for house prices in Salem, CT is $158/ sqft to $158/ sqft. An average home with 2042 sqft costs approximately $322,636 to $322,636. Salem, CT includes 1 ZIP codes and it is located in New London county. The lowest prices are found in ZIP 06420, while the highest are in ZIP 06420. The average price per sqare feet is $175. Our analysis is based on 120 property listings.

Avergage prices by ZIP codes Salem

06420148 $ / ft²


House prices by neighborhoods in Salem

Gardner Lake153 $ / ft²
Music Vale145 $ / ft²
Salem Center173 $ / ft²
Salem Four Corners145 $ / ft²




Historical development of home values in Salem

Year Estimated value (USD) Change vs. 2025
2010 $165,588 -53.6%
2011 $159,185 -55.4%
2012 $158,756 -55.5%
2013 $164,690 -53.8%
2014 $172,879 -51.5%
2015 $181,752 -49.0%
2016 $191,237 -46.4%
2017 $201,559 -43.5%
2018 $212,702 -40.3%
2019 $222,564 -37.6%
2020 $234,070 -34.4%
2021 $266,229 -25.3%
2022 $310,364 -13.0%
2023 $327,293 -8.2%
2024 $346,227 -2.9%
2025 $356,549 0.0%

Graph: estimated home values in Salem over time (USD)



Example: 100% financing house in Salem

Loan amount: $356,549

Interest rate: 6.00%

Fixed monthly payment: $2,137.69

Breakdown in the 1st month:
Interest portion: $1,782.75  –  Principal portion: $354.95

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $21,273.83 $4,378.46 $352,170.54
2 $21,003.78 $4,648.52 $347,522.02
3 $20,717.07 $4,935.23 $342,586.79
4 $20,412.67 $5,239.62 $337,347.17
5 $20,089.51 $5,562.79 $331,784.38
6 $19,746.41 $5,905.89 $325,878.49
7 $19,382.14 $6,270.15 $319,608.33
8 $18,995.41 $6,656.88 $312,951.45
9 $18,584.83 $7,067.46 $305,883.99
10 $18,148.93 $7,503.37 $298,380.62
11 $17,686.13 $7,966.16 $290,414.45
12 $17,194.80 $8,457.50 $281,956.96
13 $16,673.16 $8,979.14 $272,977.82
14 $16,119.35 $9,532.95 $263,444.87
15 $15,531.37 $10,120.92 $253,323.94
16 $14,907.14 $10,745.16 $242,578.79
17 $14,244.40 $11,407.90 $231,170.89
18 $13,540.79 $12,111.51 $219,059.38
19 $12,793.77 $12,858.52 $206,200.85
20 $12,000.69 $13,651.61 $192,549.25
21 $11,158.69 $14,493.61 $178,055.64
22 $10,264.75 $15,387.54 $162,668.09
23 $9,315.68 $16,336.61 $146,331.48
24 $8,308.08 $17,344.22 $128,987.26
25 $7,238.32 $18,413.97 $110,573.29
26 $6,102.59 $19,549.71 $91,023.58
27 $4,896.81 $20,755.49 $70,268.09
28 $3,616.65 $22,035.64 $48,232.45
29 $2,257.54 $23,394.75 $24,837.69
30 $814.61 $24,837.69 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Salem, CT


1500 sqft3900 sqft
Ø selling price$317,625$675,675
Ø fast selling$288,750$608,108
Ø high price sale$346,500$743,243

In 2026, houses in Salem, CT will be offered at an average price of $175 per square foot. A 1,500 sqft home priced at $317,625 is 21.53% more expensive per square foot than a 3,900 sqft home priced at $675,675. Home prices in Salem, CT vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $467,776. Sellers who can wait longer may achieve a higher price of up to $571,726.


Discover Salem, CT

Salem, CT is a peaceful rural town in New London County known for its rolling hills, farms, and classic New England charm.
Set at the crossroads of Routes 82 and 85, the community offers easy access to nearby Norwich, Hartford, and the Connecticut shoreline.

History and Heritage

Salem?s heritage shines in the Salem Historic District, where the 1840s Salem Town House and white-steepled churches evoke centuries of local history.
The town was once home to Music Vale Seminary, an influential 19th?century music school that drew students from across the country.
Around Salem Four Corners, you?ll find a traditional village center with small shops and services that anchor community life.

Outdoor Recreation and Lifestyle

Top things to do in Salem, CT include visits to Gardner Lake State Park for swimming, boating, paddling, and fishing on a sparkling lake.
Scenic backroads and preserved open space make Salem ideal for hiking, birding, and leaf?peeping in the fall.

Community, Schools, and Events

Families appreciate the close-knit feel, a well-regarded K?8 Salem School, and a cooperative high school arrangement with East Lyme High School.
Annual traditions like the Salem Apple Festival bring neighbors together with local food, crafts, and live music on the town green.
From farm stands and orchards to quiet residential roads and spacious rural real estate, Salem, CT blends small?town tranquility with convenient regional connections for work and play.



FAQ – Home Values in Salem

What is the median home value in Salem in 2026?

In 2026, the typical home value in Salem is about $356,549 for an average home size of 2042 square feet. This corresponds to an average price of roughly $175 per square foot.

What is the average cost per square foot in Salem?

In 2026, homes in Salem sell for an average of around $175 per square foot, with a typical range between $158 and $158 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Salem is about 2042 square feet, with an estimated 2026 value around $356,549.



Locations close to Salem, CT

Durham, CT210 $ / ft²
East Haddam, CT161 $ / ft²
East Hampton, CT189 $ / ft²
Killingworth, CT227 $ / ft²
Derby, CT188 $ / ft²
Deep River, CT160 $ / ft²
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