House Prices

Derby Waterfront District Salem, MA House Prices & Home Values 2026


Average Data

average house price$600,897
average size per house1943 ft²
average price per ft²334 $ / ft²

05/23/2026 - The value range (VR) for house prices in Derby Waterfront District Salem, MA is $317.3/ sqft to $350.7/ sqft. An average home with 1943 sqft costs approximately $663,986 to $733,879. 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 $334. Our analysis is based on 14 property listings.

Avergage prices by ZIP codes Derby Waterfront District Salem

01970341 $ / ft²




Historical development of home values in Derby Waterfront District Salem

Year Estimated value (USD) Change vs. 2025
2010 $279,067 -53.6%
2011 $268,276 -55.4%
2012 $267,554 -55.5%
2013 $277,554 -53.8%
2014 $291,355 -51.5%
2015 $306,309 -49.0%
2016 $322,294 -46.4%
2017 $339,689 -43.5%
2018 $358,469 -40.3%
2019 $375,091 -37.6%
2020 $394,481 -34.4%
2021 $448,680 -25.3%
2022 $523,060 -13.0%
2023 $551,591 -8.2%
2024 $583,502 -2.9%
2025 $600,897 0.0%

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



Example: 100% financing house in Derby Waterfront District Salem

Loan amount: $600,897

Interest rate: 6.46%

Fixed monthly payment: $3,783.07

Breakdown in the 1st month:
Interest portion: $3,235.83  –  Principal portion: $547.24

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $38,631.93 $6,764.95 $594,132.05
2 $38,181.60 $7,215.28 $586,916.77
3 $37,701.29 $7,695.59 $579,221.18
4 $37,189.00 $8,207.88 $571,013.31
5 $36,642.62 $8,754.26 $562,259.04
6 $36,059.86 $9,337.02 $552,922.02
7 $35,438.30 $9,958.58 $542,963.44
8 $34,775.38 $10,621.51 $532,341.94
9 $34,068.32 $11,328.56 $521,013.37
10 $33,314.19 $12,082.69 $508,930.68
11 $32,509.86 $12,887.02 $496,043.66
12 $31,651.99 $13,744.89 $482,298.77
13 $30,737.01 $14,659.87 $467,638.90
14 $29,761.12 $15,635.76 $452,003.14
15 $28,720.27 $16,676.61 $435,326.53
16 $27,610.13 $17,786.75 $417,539.78
17 $26,426.09 $18,970.79 $398,568.99
18 $25,163.23 $20,233.65 $378,335.34
19 $23,816.30 $21,580.58 $356,754.76
20 $22,379.71 $23,017.17 $333,737.60
21 $20,847.49 $24,549.39 $309,188.21
22 $19,213.27 $26,183.61 $283,004.60
23 $17,470.26 $27,926.62 $255,077.98
24 $15,611.23 $29,785.65 $225,292.33
25 $13,628.44 $31,768.44 $193,523.88
26 $11,513.65 $33,883.23 $159,640.66
27 $9,258.09 $36,138.79 $123,501.87
28 $6,852.38 $38,544.50 $84,957.37
29 $4,286.53 $41,110.35 $43,847.02
30 $1,549.87 $43,847.02 $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 Waterfront District Salem, MA


1500 sqft3900 sqft
Ø selling price$652,889$1,388,872
Ø fast selling$593,535$1,249,985
Ø high price sale$712,242$1,527,759

In 2026, houses in Derby Waterfront District Salem, MA will be offered at an average price of $334 per square foot. A 1,500 sqft home priced at $652,889 is 24.77% more expensive per square foot than a 3,900 sqft home priced at $1,388,872. Home prices in Derby Waterfront District 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 $961,527. Sellers who can wait longer may achieve a higher price of up to $1,175,199.


Derby Waterfront District, Salem MA


Overview

The Derby Waterfront District in Salem, MA blends seaport heritage with a lively, walkable harborfront. Centered along Derby Street, the district overlooks Salem Harbor with boardwalks, marinas, and photo-ready views. Visitors come for waterfront strolls, boutique shopping, and easy access to museums and historic ships.

History & Landmarks

At the heart of the area is the Salem Maritime National Historic Site, including Derby Wharf and the 19th-century Custom House. You can walk the long granite-and-gravel Derby Wharf to the iconic Derby Wharf Light for sweeping harbor vistas. Historic homes and preserved warehouses hint at Salem?s global trade era, while interpretive exhibits share stories of merchants, mariners, and privateers.

Lifestyle, Dining & Access

The Derby Waterfront District offers seafood restaurants, cafes, and seasonal patios with sunset views over the water. It is a convenient base to explore nearby Pickering Wharf, downtown Salem attractions, and ferry service to Boston in season. Street parking, public lots, and pedestrian-friendly paths make it easy to navigate without a car. Whether you are planning a weekend getaway or seeking a scenic neighborhood vibe, the Derby Waterfront District in Salem, Massachusetts delivers coastal charm and rich history.



FAQ – Home Values in Derby Waterfront District Salem

What is the median home value in Derby Waterfront District Salem in 2026?

In 2026, the typical home value in Derby Waterfront District Salem is about $600,897 for an average home size of 1943 square feet. This corresponds to an average price of roughly $334 per square foot.

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

In 2026, homes in Derby Waterfront District Salem sell for an average of around $334 per square foot, with a typical range between $317.3 and $350.7 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Derby Waterfront District?

The average home size in Derby Waterfront District Salem is about 1943 square feet, with an estimated 2026 value around $600,897.



Neighborhoods close to Derby Waterfront District 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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