House Prices

Gallows Hill Salem, MA House Prices & Home Values 2026


Average Data

average house price$543,988
average size per house1759 ft²
average price per ft²302 $ / ft²

05/23/2026 - The value range (VR) for house prices in Gallows Hill Salem, MA is $286.9/ sqft to $317.1/ sqft. An average home with 1759 sqft costs approximately $492,041 to $543,835. 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 $302. Our analysis is based on 14 property listings.

Avergage prices by ZIP codes Gallows Hill Salem

01970309 $ / ft²




Historical development of home values in Gallows Hill Salem

Year Estimated value (USD) Change vs. 2025
2010 $252,638 -53.6%
2011 $242,868 -55.4%
2012 $242,214 -55.5%
2013 $251,268 -53.8%
2014 $263,762 -51.5%
2015 $277,299 -49.0%
2016 $291,770 -46.4%
2017 $307,519 -43.5%
2018 $324,520 -40.3%
2019 $339,567 -37.6%
2020 $357,121 -34.4%
2021 $406,187 -25.3%
2022 $473,523 -13.0%
2023 $499,352 -8.2%
2024 $528,240 -2.9%
2025 $543,988 0.0%

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



Example: 100% financing house in Gallows Hill Salem

Loan amount: $543,988

Interest rate: 5.85%

Fixed monthly payment: $3,209.21

Breakdown in the 1st month:
Interest portion: $2,651.94  –  Principal portion: $557.27

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $31,641.05 $6,869.44 $537,118.56
2 $31,228.24 $7,282.26 $529,836.30
3 $30,790.62 $7,719.88 $522,116.42
4 $30,326.69 $8,183.80 $513,932.62
5 $29,834.89 $8,675.60 $505,257.02
6 $29,313.54 $9,196.95 $496,060.07
7 $28,760.86 $9,749.64 $486,310.43
8 $28,174.96 $10,335.54 $475,974.89
9 $27,553.85 $10,956.64 $465,018.25
10 $26,895.42 $11,615.08 $453,403.17
11 $26,197.42 $12,313.07 $441,090.10
12 $25,457.47 $13,053.02 $428,037.08
13 $24,673.06 $13,837.43 $414,199.64
14 $23,841.51 $14,668.98 $399,530.66
15 $22,959.99 $15,550.51 $383,980.15
16 $22,025.49 $16,485.00 $367,495.15
17 $21,034.84 $17,475.66 $350,019.49
18 $19,984.65 $18,525.84 $331,493.65
19 $18,871.35 $19,639.14 $311,854.51
20 $17,691.15 $20,819.34 $291,035.16
21 $16,440.03 $22,070.47 $268,964.70
22 $15,113.72 $23,396.78 $245,567.92
23 $13,707.71 $24,802.79 $220,765.13
24 $12,217.20 $26,293.30 $194,471.84
25 $10,637.12 $27,873.37 $166,598.46
26 $8,962.09 $29,548.40 $137,050.06
27 $7,186.40 $31,324.09 $105,725.96
28 $5,304.00 $33,206.49 $72,519.47
29 $3,308.48 $35,202.02 $37,317.46
30 $1,193.04 $37,317.46 $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 Gallows Hill Salem, MA


1500 sqft3900 sqft
Ø selling price$534,427$1,136,872
Ø fast selling$485,843$1,023,185
Ø high price sale$583,011$1,250,559

In 2026, houses in Gallows Hill Salem, MA will be offered at an average price of $302 per square foot. A 1,500 sqft home priced at $534,427 is 22.43% more expensive per square foot than a 3,900 sqft home priced at $1,136,872. Home prices in Gallows Hill 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 $787,065. Sellers who can wait longer may achieve a higher price of up to $961,969.


Gallows Hill Neighborhood in Salem, MA

History and Heritage

The Gallows Hill neighborhood in Salem, MA is renowned for its deep colonial history and enduring connection to the 1692 Salem Witch Trials.
Modern research and a 2017 memorial identify Proctor's Ledge at the base of Gallows Hill as the execution site, shaping respectful remembrance in the area.

Parks and Outdoor Recreation

Gallows Hill Park anchors the neighborhood with ballfields, walking paths, and hilltop views that showcase Salem?s skyline.
Residents enjoy easy access to green space for sports, dog walking, and year-round outdoor recreation.

Housing and Lifestyle

Housing in Gallows Hill blends classic New England single-family homes with multi-family options and renovated condos.
Quiet residential streets and a close-knit feel appeal to buyers seeking value near downtown Salem.

Location and Access

The neighborhood offers quick connections to Routes 114 and 107, with the Salem MBTA Commuter Rail station a short drive or bus ride away.
Local shops and eateries along nearby corridors complement convenient commutes to Boston, Peabody, and the North Shore.

Community and Events

Community pride is visible during the fall and Halloween season, when Salem?s hospitality and history draw visitors from around the world.
Year-round, Gallows Hill balances heritage, walkability, and amenities, making it one of the most talked-about neighborhoods in Salem, Massachusetts.



FAQ – Home Values in Gallows Hill Salem

What is the median home value in Gallows Hill Salem in 2026?

In 2026, the typical home value in Gallows Hill Salem is about $543,988 for an average home size of 1759 square feet. This corresponds to an average price of roughly $302 per square foot.

What is the average cost per square foot in Gallows Hill Salem?

In 2026, homes in Gallows Hill Salem sell for an average of around $302 per square foot, with a typical range between $286.9 and $317.1 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Gallows Hill?

The average home size in Gallows Hill Salem is about 1759 square feet, with an estimated 2026 value around $543,988.



Neighborhoods close to Gallows Hill 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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