House Prices

Derby Square Salem, MA House Prices & Home Values 2026


Average Data

average house price$517,765
average size per house1674 ft²
average price per ft²288 $ / ft²

05/23/2026 - The value range (VR) for house prices in Derby Square Salem, MA is $273.6/ sqft to $302.4/ sqft. An average home with 1674 sqft costs approximately $425,030 to $469,770. 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 $288. Our analysis is based on 14 property listings.

Avergage prices by ZIP codes Derby Square Salem

01970294 $ / ft²




Historical development of home values in Derby Square Salem

Year Estimated value (USD) Change vs. 2025
2010 $240,459 -53.6%
2011 $231,161 -55.4%
2012 $230,538 -55.5%
2013 $239,155 -53.8%
2014 $251,047 -51.5%
2015 $263,932 -49.0%
2016 $277,706 -46.4%
2017 $292,695 -43.5%
2018 $308,876 -40.3%
2019 $323,198 -37.6%
2020 $339,906 -34.4%
2021 $386,607 -25.3%
2022 $450,697 -13.0%
2023 $475,280 -8.2%
2024 $502,776 -2.9%
2025 $517,765 0.0%

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



Example: 100% financing house in Derby Square Salem

Loan amount: $517,765

Interest rate: 5.57%

Fixed monthly payment: $2,961.94

Breakdown in the 1st month:
Interest portion: $2,402.43  –  Principal portion: $559.51

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $28,655.13 $6,888.16 $510,876.84
2 $28,261.66 $7,281.63 $503,595.22
3 $27,845.71 $7,697.58 $495,897.64
4 $27,406.00 $8,137.29 $487,760.35
5 $26,941.17 $8,602.12 $479,158.23
6 $26,449.79 $9,093.50 $470,064.73
7 $25,930.34 $9,612.95 $460,451.79
8 $25,381.22 $10,162.07 $450,289.72
9 $24,800.73 $10,742.56 $439,547.16
10 $24,187.08 $11,356.21 $428,190.96
11 $23,538.38 $12,004.91 $416,186.05
12 $22,852.62 $12,690.67 $403,495.38
13 $22,127.69 $13,415.60 $390,079.79
14 $21,361.35 $14,181.94 $375,897.85
15 $20,551.23 $14,992.06 $360,905.79
16 $19,694.84 $15,848.45 $345,057.34
17 $18,789.52 $16,753.76 $328,303.58
18 $17,832.50 $17,710.79 $310,592.79
19 $16,820.80 $18,722.49 $291,870.30
20 $15,751.31 $19,791.98 $272,078.32
21 $14,620.73 $20,922.56 $251,155.77
22 $13,425.57 $22,117.72 $229,038.05
23 $12,162.14 $23,381.15 $205,656.90
24 $10,826.53 $24,716.76 $180,940.14
25 $9,414.63 $26,128.66 $154,811.48
26 $7,922.08 $27,621.21 $127,190.27
27 $6,344.27 $29,199.02 $97,991.25
28 $4,676.33 $30,866.96 $67,124.29
29 $2,913.11 $32,630.18 $34,494.12
30 $1,049.17 $34,494.12 $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 Derby Square Salem, MA


1500 sqft3900 sqft
Ø selling price$485,085$1,031,907
Ø fast selling$440,986$928,716
Ø high price sale$529,183$1,135,097

In 2026, houses in Derby Square Salem, MA will be offered at an average price of $288 per square foot. A 1,500 sqft home priced at $485,085 is 21.34% more expensive per square foot than a 3,900 sqft home priced at $1,031,907. Home prices in Derby Square 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 $714,397. Sellers who can wait longer may achieve a higher price of up to $873,152.


Derby Square in Salem, MA

History and Architecture

Anchored by the Federal-era Old Town Hall, Derby Square in Salem, MA captures the city?s maritime heritage in its brick facades and cobblestone steps.
The compact plaza sits just off the Essex Street Pedestrian Mall, making it a picturesque gateway to downtown Salem, Massachusetts.
Historic details and sightlines create a classic New England backdrop that draws photographers and history lovers year-round.

Markets, Arts, and Events

From spring through fall, the Salem Farmers? Market activates the square with local produce, baked goods, and live music.
Pop-up art shows, cultural festivals, and outdoor performances turn the space into a lively community stage.
Independent galleries and makers highlight Salem?s creative scene, offering unique gifts and handcrafted souvenirs.
During October, Witch City energy spills into Derby Square, adding themed events and spirited street life.

Dining, Shopping, and Visitor Tips

Steps from the square, cafes, pubs, and farm-to-table restaurants provide plenty of dining options between museum visits and other things to do.
Boutiques, bookshops, and vintage stores line nearby streets, while the Peabody Essex Museum sits a short walk away.
Arrive early for parking, wear comfortable shoes for Salem?s walkable downtown, and plan extra time to explore neighboring attractions along Derby Street and the waterfront.



FAQ – Home Values in Derby Square Salem

What is the median home value in Derby Square Salem in 2026?

In 2026, the typical home value in Derby Square Salem is about $517,765 for an average home size of 1674 square feet. This corresponds to an average price of roughly $288 per square foot.

What is the average cost per square foot in Derby Square Salem?

In 2026, homes in Derby Square Salem sell for an average of around $288 per square foot, with a typical range between $273.6 and $302.4 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Derby Square?

The average home size in Derby Square Salem is about 1674 square feet, with an estimated 2026 value around $517,765.



Neighborhoods close to Derby Square 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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