House Prices

Essex Institute Historic District Salem, MA House Prices & Home Values 2026


Average Data

average house price$591,970
average size per house1914 ft²
average price per ft²329 $ / ft²

05/23/2026 - The value range (VR) for house prices in Essex Institute Historic District Salem, MA is $312.55/ sqft to $345.45/ sqft. An average home with 1914 sqft costs approximately $634,713 to $701,524. 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 $329. Our analysis is based on 14 property listings.

Avergage prices by ZIP codes Essex Institute Historic District Salem

01970336 $ / ft²




Historical development of home values in Essex Institute Historic District Salem

Year Estimated value (USD) Change vs. 2025
2010 $274,922 -53.6%
2011 $264,290 -55.4%
2012 $263,579 -55.5%
2013 $273,431 -53.8%
2014 $287,027 -51.5%
2015 $301,758 -49.0%
2016 $317,506 -46.4%
2017 $334,643 -43.5%
2018 $353,144 -40.3%
2019 $369,519 -37.6%
2020 $388,621 -34.4%
2021 $442,014 -25.3%
2022 $515,289 -13.0%
2023 $543,397 -8.2%
2024 $574,833 -2.9%
2025 $591,970 0.0%

Graph: estimated home values in Essex Institute Historic District Salem over time (USD)



Example: 100% financing house in Essex Institute Historic District Salem

Loan amount: $591,970

Interest rate: 6.37%

Fixed monthly payment: $3,689.64

Breakdown in the 1st month:
Interest portion: $3,140.40  –  Principal portion: $549.24

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $37,489.06 $6,786.60 $585,183.40
2 $37,044.20 $7,231.47 $577,951.93
3 $36,570.17 $7,705.50 $570,246.44
4 $36,065.07 $8,210.60 $562,035.84
5 $35,526.86 $8,748.81 $553,287.03
6 $34,953.37 $9,322.30 $543,964.74
7 $34,342.29 $9,933.38 $534,031.36
8 $33,691.15 $10,584.52 $523,446.84
9 $32,997.32 $11,278.34 $512,168.50
10 $32,258.02 $12,017.64 $500,150.85
11 $31,470.26 $12,805.41 $487,345.45
12 $30,630.85 $13,644.81 $473,700.63
13 $29,736.43 $14,539.24 $459,161.39
14 $28,783.37 $15,492.30 $443,669.10
15 $27,767.84 $16,507.83 $427,161.27
16 $26,685.74 $17,589.93 $409,571.35
17 $25,532.71 $18,742.96 $390,828.39
18 $24,304.09 $19,971.57 $370,856.82
19 $22,994.94 $21,280.72 $349,576.10
20 $21,599.98 $22,675.69 $326,900.41
21 $20,113.57 $24,162.09 $302,738.32
22 $18,529.73 $25,745.94 $276,992.38
23 $16,842.07 $27,433.60 $249,558.78
24 $15,043.78 $29,231.89 $220,326.89
25 $13,127.61 $31,148.06 $189,178.83
26 $11,085.83 $33,189.84 $155,989.00
27 $8,910.21 $35,365.45 $120,623.54
28 $6,591.98 $37,683.68 $82,939.86
29 $4,121.79 $40,153.87 $42,785.99
30 $1,489.68 $42,785.99 $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 Essex Institute Historic District Salem, MA


1500 sqft3900 sqft
Ø selling price$633,561$1,347,756
Ø fast selling$575,964$1,212,980
Ø high price sale$691,157$1,482,531

In 2026, houses in Essex Institute Historic District Salem, MA will be offered at an average price of $329 per square foot. A 1,500 sqft home priced at $633,561 is 24.40% more expensive per square foot than a 3,900 sqft home priced at $1,347,756. Home prices in Essex Institute Historic 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 $933,062. Sellers who can wait longer may achieve a higher price of up to $1,140,409.

FAQ – Home Values in Essex Institute Historic District Salem

What is the median home value in Essex Institute Historic District Salem in 2026?

In 2026, the typical home value in Essex Institute Historic District Salem is about $591,970 for an average home size of 1914 square feet. This corresponds to an average price of roughly $329 per square foot.

What is the average cost per square foot in Essex Institute Historic District Salem?

In 2026, homes in Essex Institute Historic District Salem sell for an average of around $329 per square foot, with a typical range between $312.55 and $345.45 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Essex Institute Historic District?

The average home size in Essex Institute Historic District Salem is about 1914 square feet, with an estimated 2026 value around $591,970.



Neighborhoods close to Essex Institute Historic 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
  imprint  Privacy