House Prices

Salem Common Salem, MA House Prices & Home Values 2026


Average Data

average house price$589,739
average size per house1907 ft²
average price per ft²328 $ / ft²

05/23/2026 - The value range (VR) for house prices in Salem Common Salem, MA is $311.6/ sqft to $344.4/ sqft. An average home with 1907 sqft costs approximately $628,092 to $694,207. 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 $328. Our analysis is based on 14 property listings.

Avergage prices by ZIP codes Salem Common Salem

01970335 $ / ft²




Historical development of home values in Salem Common Salem

Year Estimated value (USD) Change vs. 2025
2010 $273,885 -53.6%
2011 $263,294 -55.4%
2012 $262,585 -55.5%
2013 $272,400 -53.8%
2014 $285,945 -51.5%
2015 $300,621 -49.0%
2016 $316,309 -46.4%
2017 $333,382 -43.5%
2018 $351,813 -40.3%
2019 $368,126 -37.6%
2020 $387,156 -34.4%
2021 $440,348 -25.3%
2022 $513,347 -13.0%
2023 $541,349 -8.2%
2024 $572,667 -2.9%
2025 $589,739 0.0%

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



Example: 100% financing house in Salem Common Salem

Loan amount: $589,739

Interest rate: 6.34%

Fixed monthly payment: $3,666.48

Breakdown in the 1st month:
Interest portion: $3,116.77  –  Principal portion: $549.71

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $37,206.08 $6,791.74 $582,947.26
2 $36,762.61 $7,235.21 $575,712.05
3 $36,290.18 $7,707.64 $568,004.41
4 $35,786.89 $8,210.92 $559,793.48
5 $35,250.75 $8,747.07 $551,046.42
6 $34,679.60 $9,318.22 $541,728.20
7 $34,071.15 $9,926.66 $531,801.53
8 $33,422.98 $10,574.84 $521,226.69
9 $32,732.48 $11,265.34 $509,961.36
10 $31,996.90 $12,000.92 $497,960.43
11 $31,213.28 $12,784.54 $485,175.89
12 $30,378.50 $13,619.32 $471,556.57
13 $29,489.20 $14,508.61 $457,047.96
14 $28,541.85 $15,455.97 $441,591.98
15 $27,532.63 $16,465.19 $425,126.79
16 $26,457.51 $17,540.31 $407,586.48
17 $25,312.19 $18,685.63 $388,900.86
18 $24,092.09 $19,905.73 $368,995.13
19 $22,792.32 $21,205.50 $347,789.63
20 $21,407.68 $22,590.14 $325,199.49
21 $19,932.63 $24,065.19 $301,134.30
22 $18,361.26 $25,636.56 $275,497.73
23 $16,687.28 $27,310.54 $248,187.20
24 $14,904.01 $29,093.81 $219,093.38
25 $13,004.29 $30,993.53 $188,099.85
26 $10,980.52 $33,017.30 $155,082.56
27 $8,824.61 $35,173.20 $119,909.35
28 $6,527.93 $37,469.89 $82,439.47
29 $4,081.29 $39,916.53 $42,522.93
30 $1,474.88 $42,522.93 $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 Salem Common Salem, MA


1500 sqft3900 sqft
Ø selling price$629,254$1,338,594
Ø fast selling$572,049$1,204,734
Ø high price sale$686,459$1,472,453

In 2026, houses in Salem Common Salem, MA will be offered at an average price of $328 per square foot. A 1,500 sqft home priced at $629,254 is 24.31% more expensive per square foot than a 3,900 sqft home priced at $1,338,594. Home prices in Salem Common 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 $926,719. Sellers who can wait longer may achieve a higher price of up to $1,132,656.


Salem Common Neighborhood in Salem, MA

Overview

Centered on the historic Salem Common, this Salem, MA neighborhood blends coastal New England charm with a walkable, urban village feel.


History and Architecture

Graceful Federal and Georgian-era homes encircle Washington Square, showcasing classic brickwork, elegant doorways, and period ironwork. Landmarks like the Hawthorne Hotel and the Salem Witch Museum sit within a short stroll, anchoring the district?s storied past.


Park and Lifestyle

The Common itself offers broad lawns, shaded paths, and a picturesque bandstand that hosts concerts and community gatherings. Seasonal festivals, outdoor markets, and October?s Haunted Happenings spill onto the green, creating an inviting, family-friendly atmosphere.


Location and Accessibility

Residents enjoy quick access to downtown shops, the Peabody Essex Museum, and the waterfront, all within a few scenic blocks. Commuters appreciate the nearby MBTA Commuter Rail at Salem Station, linking the neighborhood to Boston and the North Shore.


Real Estate and Living

Housing mixes restored single-family homes, condominiums in historic buildings, and classic brick townhouses, many with views of the park. Demand remains high thanks to the neighborhood?s green space, architecture, and year-round events, which contribute to strong property values.


Why It Stands Out

Whether you?re visiting for history, moving for lifestyle, or investing for long-term appeal, Salem Common delivers a quintessential Salem experience.



FAQ – Home Values in Salem Common Salem

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

In 2026, the typical home value in Salem Common Salem is about $589,739 for an average home size of 1907 square feet. This corresponds to an average price of roughly $328 per square foot.

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

In 2026, homes in Salem Common Salem sell for an average of around $328 per square foot, with a typical range between $311.6 and $344.4 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Salem Common?

The average home size in Salem Common Salem is about 1907 square feet, with an estimated 2026 value around $589,739.



Neighborhoods close to Salem Common 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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