Salem, MA Condo Market Report (In last 12 months)
Avg. List Price
$531,783
($438/Sqft.)
Year-Over-Year List Price
5.10%
Total Listings
289
Avg. Days on Market
59
Avg. Sale Price
$517,533
($435/Sqft.)
Year-Over-Year Sale Price
5.31%
Total Sold
260
Avg. HOA Fees/Sqft.
($5/monthly)
Avg. List Price
$531,783
($438/Sqft.)
Year-Over-Year List Price
5.10%
Salem, MA Condo Market Overview
Immerse yourself in the vibrant condo market of Salem, a city steeped in history and coastal charm. Renowned for its witch trials and rich maritime heritage, Salem offers a unique living experience that blends old-world character with modern amenities. The waterfront properties in the historic district capture stunning views of Salem Harbor, providing residents with a picturesque backdrop to daily life. Explore the chic condos in the lively downtown area, where trendy cafes, eclectic shops, and spirited cultural events bring the community together. For those seeking tranquility, neighborhoods like South Salem and the enchanting Derby Wharf provide a peaceful retreat, featuring well-appointed properties surrounded by lush greenery. With a diverse range of options, from luxurious waterfront high-rises to affordable historic buildings, Salem's condo market caters to all lifestyles. Experience the charm, history, and vibrant community life where every day is brimming with discovery!
55 Listed For Sale NowCondos For Sale In Salem, MA
Explore Salem, MA Neighborhoods
Salem is a charming coastal city steeped in rich history and renowned for its captivating witch trials past. With its historic architecture, vibrant arts community, and picturesque waterfront, the city offers a delightful blend of cultural experiences, enchanting waterfront parks, and a lively downtown filled with shops and eateries that beckon visitors year-round.
Frequently Asked Questions About Salem, MA
What is it like to live in Salem?
Living in Salem offers a unique blend of historical charm and modern amenities, with a real estate market primarily consisting of single-family homes, condominiums, and apartments. The city features a reliable public transportation system with access to the MBTA commuter rail, providing easy connectivity to Boston and surrounding areas.
Is Salem expensive?
Salem's cost of living is slightly above the national average, with median home prices around $400,000 as of 2025. The city's real estate market includes historic homes and waterfront properties, and prices can vary significantly depending on proximity to the downtown area and waterfront.
How much is a condo in Salem?
The average price of a condo in Salem ranges from $250,000 to $600,000, depending on location, size, and amenities. Areas near the waterfront and downtown typically command higher prices due to their accessibility and views.
What are the safest neighborhoods in Salem?
Neighborhoods such as South Salem and the McIntire Historic District are noted for their lower crime rates and community-oriented atmosphere. These areas offer a mix of residential properties and access to local amenities, contributing to a sense of safety and security.
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