House Prices

Canal Street Salem, MA House Prices & Home Values 2026


Average Data

average house price$555,704
average size per house1797 ft²
average price per ft²309 $ / ft²

05/23/2026 - The value range (VR) for house prices in Canal Street Salem, MA is $293.55/ sqft to $324.45/ sqft. An average home with 1797 sqft costs approximately $525,400 to $580,705. Salem, MA includes 1 ZIP codes and it is located in Essex county. The lowest prices are found in ZIP 01970, while the highest are in ZIP 01970. The average price per sqare feet is $309. Our analysis is based on 14 property listings.

Avergage prices by ZIP codes Canal Street Salem

01970315 $ / ft²




Historical development of home values in Canal Street Salem

Year Estimated value (USD) Change vs. 2025
2010 $258,079 -53.6%
2011 $248,099 -55.4%
2012 $247,431 -55.5%
2013 $256,679 -53.8%
2014 $269,443 -51.5%
2015 $283,271 -49.0%
2016 $298,054 -46.4%
2017 $314,142 -43.5%
2018 $331,509 -40.3%
2019 $346,881 -37.6%
2020 $364,813 -34.4%
2021 $414,935 -25.3%
2022 $483,721 -13.0%
2023 $510,106 -8.2%
2024 $539,617 -2.9%
2025 $555,704 0.0%

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



Example: 100% financing house in Canal Street Salem

Loan amount: $555,704

Interest rate: 5.98%

Fixed monthly payment: $3,323.16

Breakdown in the 1st month:
Interest portion: $2,767.41  –  Principal portion: $555.75

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $33,023.14 $6,854.74 $548,849.26
2 $32,602.09 $7,275.79 $541,573.48
3 $32,155.18 $7,722.70 $533,850.78
4 $31,680.82 $8,197.06 $525,653.72
5 $31,177.32 $8,700.56 $516,953.17
6 $30,642.90 $9,234.98 $507,718.19
7 $30,075.65 $9,802.23 $497,915.95
8 $29,473.55 $10,404.33 $487,511.62
9 $28,834.47 $11,043.41 $476,468.22
10 $28,156.14 $11,721.74 $464,746.48
11 $27,436.14 $12,441.74 $452,304.74
12 $26,671.91 $13,205.97 $439,098.77
13 $25,860.75 $14,017.13 $425,081.64
14 $24,999.75 $14,878.13 $410,203.51
15 $24,085.87 $15,792.00 $394,411.51
16 $23,115.86 $16,762.02 $377,649.49
17 $22,086.27 $17,791.61 $359,857.88
18 $20,993.43 $18,884.45 $340,973.43
19 $19,833.46 $20,044.41 $320,929.01
20 $18,602.25 $21,275.63 $299,653.38
21 $17,295.41 $22,582.47 $277,070.91
22 $15,908.30 $23,969.58 $253,101.33
23 $14,435.98 $25,441.90 $227,659.44
24 $12,873.23 $27,004.65 $200,654.79
25 $11,214.49 $28,663.39 $171,991.40
26 $9,453.86 $30,424.02 $141,567.38
27 $7,585.09 $32,292.79 $109,274.59
28 $5,601.52 $34,276.35 $74,998.23
29 $3,496.12 $36,381.76 $38,616.48
30 $1,261.40 $38,616.48 $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 Canal Street Salem, MA


1500 sqft3900 sqft
Ø selling price$558,592$1,188,277
Ø fast selling$507,811$1,069,450
Ø high price sale$609,373$1,307,105

In 2026, houses in Canal Street Salem, MA will be offered at an average price of $309 per square foot. A 1,500 sqft home priced at $558,592 is 22.91% more expensive per square foot than a 3,900 sqft home priced at $1,188,277. Home prices in Canal Street Salem, MA vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $822,654. Sellers who can wait longer may achieve a higher price of up to $1,005,465.

FAQ – Home Values in Canal Street Salem

What is the median home value in Canal Street Salem in 2026?

In 2026, the typical home value in Canal Street Salem is about $555,704 for an average home size of 1797 square feet. This corresponds to an average price of roughly $309 per square foot.

What is the average cost per square foot in Canal Street Salem?

In 2026, homes in Canal Street Salem sell for an average of around $309 per square foot, with a typical range between $293.55 and $324.45 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Canal Street?

The average home size in Canal Street Salem is about 1797 square feet, with an estimated 2026 value around $555,704.



Neighborhoods close to Canal Street Salem, MA

Asbury Grove South Hamilton, MA402 $ / ft²
North Bellingham Bellingham, MA245 $ / ft²
Ponkapoag Canton, MA482 $ / ft²
Pigeon Cove Rockport, MA449 $ / ft²
West Peabody Peabody, MA270 $ / ft²
Salisbury Beach Salisbury, MA311 $ / ft²
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