House Prices

Downtown Salem Salem, MA House Prices & Home Values 2026


Average Data

average house price$556,820
average size per house1800 ft²
average price per ft²309 $ / ft²

04/05/2026 - The value range (VR) for house prices in Downtown Salem Salem, MA is $293.55/ sqft to $324.45/ sqft. An average home with 1800 sqft costs approximately $527,334 to $582,842. 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 Downtown Salem Salem

01970316 $ / ft²




Historical development of home values in Downtown Salem Salem

Year Estimated value (USD) Change vs. 2025
2010 $258,597 -53.6%
2011 $248,597 -55.4%
2012 $247,928 -55.5%
2013 $257,195 -53.8%
2014 $269,984 -51.5%
2015 $283,840 -49.0%
2016 $298,653 -46.4%
2017 $314,773 -43.5%
2018 $332,175 -40.3%
2019 $347,577 -37.6%
2020 $365,545 -34.4%
2021 $415,768 -25.3%
2022 $484,693 -13.0%
2023 $511,131 -8.2%
2024 $540,700 -2.9%
2025 $556,820 0.0%

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



Example: 100% financing house in Downtown Salem Salem

Loan amount: $556,820

Interest rate: 5.99%

Fixed monthly payment: $3,334.12

Breakdown in the 1st month:
Interest portion: $2,778.53  –  Principal portion: $555.59

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $33,156.33 $6,853.15 $549,966.85
2 $32,734.51 $7,274.96 $542,691.89
3 $32,286.73 $7,722.75 $534,969.15
4 $31,811.38 $8,198.09 $526,771.06
5 $31,306.78 $8,702.69 $518,068.37
6 $30,771.12 $9,238.35 $508,830.02
7 $30,202.49 $9,806.98 $499,023.04
8 $29,598.86 $10,410.61 $488,612.43
9 $28,958.08 $11,051.39 $477,561.04
10 $28,277.85 $11,731.62 $465,829.42
11 $27,555.76 $12,453.71 $453,375.71
12 $26,789.22 $13,220.25 $440,155.46
13 $25,975.50 $14,033.97 $426,121.49
14 $25,111.69 $14,897.78 $411,223.71
15 $24,194.72 $15,814.75 $395,408.96
16 $23,221.31 $16,788.16 $378,620.80
17 $22,187.98 $17,821.49 $360,799.30
18 $21,091.05 $18,918.43 $341,880.88
19 $19,926.60 $20,082.87 $321,798.00
20 $18,690.47 $21,319.00 $300,479.01
21 $17,378.27 $22,631.20 $277,847.80
22 $15,985.29 $24,024.18 $253,823.62
23 $14,506.58 $25,502.89 $228,320.73
24 $12,936.85 $27,072.62 $201,248.11
25 $11,270.50 $28,738.97 $172,509.14
26 $9,501.59 $30,507.88 $142,001.26
27 $7,623.80 $32,385.67 $109,615.59
28 $5,630.42 $34,379.05 $75,236.54
29 $3,514.36 $36,495.11 $38,741.43
30 $1,268.04 $38,741.43 $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 Downtown Salem Salem, MA


1500 sqft3900 sqft
Ø selling price$559,714$1,190,663
Ø fast selling$508,831$1,071,597
Ø high price sale$610,597$1,309,730

In 2026, houses in Downtown Salem Salem, MA will be offered at an average price of $309 per square foot. A 1,500 sqft home priced at $559,714 is 22.95% more expensive per square foot than a 3,900 sqft home priced at $1,190,663. Home prices in Downtown Salem 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 $824,306. Sellers who can wait longer may achieve a higher price of up to $1,007,484.

FAQ – Home Values in Downtown Salem Salem

What is the median home value in Downtown Salem Salem in 2026?

In 2026, the typical home value in Downtown Salem Salem is about $556,820 for an average home size of 1800 square feet. This corresponds to an average price of roughly $309 per square foot.

What is the average cost per square foot in Downtown Salem Salem?

In 2026, homes in Downtown Salem 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 Downtown Salem?

The average home size in Downtown Salem Salem is about 1800 square feet, with an estimated 2026 value around $556,820.



Neighborhoods close to Downtown Salem 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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