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Condos for Sale in Central Business District, Salem

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Overview
Market Summary
1 Bedroom Condos
2 Bedroom Condos
3+ Bedroom Condos
Pet-Friendly Condos
Condos with Stunning Views
Schools
Neighbourhood
Demographics

About Central Business District

The Central Business District is the heart of Salem, MA. This district is lively and full of energy, with many offices and shops. People find it easy to get around, making it a busy place for work and play. The area has a mix of modern buildings and historic sites that show off its charm. Units with 1–3 bedrooms (one-bedroom 637.0 - 1045.0 sq ft, two-bedroom 840.0 - 1763.0 sq ft, three-plus 1266.0 - 1266.0 sq ft) fit a range of needs.

Central Business District Market Summary

The condo mix runs from luxury high-rises to restored mid-rises, many with bay or ocean views, concierge, pools, and fitness centers.

Average Condo Sizes

1 Bedroom avg size757.5 sqft

2 Bedroom avg size1144.63 sqft

3 Bedroom avg size1266 sqft

Pricing and Liquidity

No price and liquidity data available.

1 Bedroom Condos

AVG PPSF$542.97 /sqft

AVG SOLD PRICE$403,314.67

AVG DAYS ON MARKET69 Days

Central Business District features a variety of 1-bed condos. Currently, these spaces range in size from 638 sq ft to 1,046 sq ft and are priced around $403,315. Each unit offers access to local amenities, such as bus stops and corner stores, enhancing everyday convenience. Streets boast stone sidewalks, where old trees provide shade for pedestrians. Some condos overlook vibrant plazas, filled with benches for relaxation and gathering. Owners can expect these homes to remain on the market for about 69 days, with a cost per square foot averaging $543. Such properties represent a unique blend of urban living with easy access to the bustling city life.

Featured Buildings

289 ESSEX ST

289 ESSEX,SALEM,MA

1 unit available

20 Central St

20 CENTRAL ST,SALEM,MA

0 unit available

Tucker Matthew

129 ESSEX ST.,SALEM,MA

0 unit available

View 1-Bedroom Condos

2 Bedroom Condos

AVG PPSF$464.2 /sqft

AVG SOLD PRICE$522,015.79

AVG DAYS ON MARKET58 Days

Central Business District features a variety of 2-bed condos. Currently, their sizes range from 840 sq ft to 1,763 sq ft, allowing for diverse living spaces in this vibrant area. Many of these condos are close to local cafes, corner stores, and essential services. Sidewalks lined with benches and lampposts offer a pleasant stroll. Each unit averages a selling price of $522,016, reflecting its prime location. Buyers can expect these properties to remain on the market for around 58 days before finding a new owner. With their proximity to public transportation and various amenities, these condos provide convenient access to the city’s activities.

Featured Buildings

289 ESSEX ST

289 ESSEX,SALEM,MA

1 unit available

11 Barton Sq

11 BARTON SQ,SALEM,MA

0 unit available

28 Federal St

28 FEDERAL ST.,SALEM,MA

0 unit available

View 2-Bedroom Condos

3+ Bedroom Condos

AVG PPSF$584.52 /sqft

AVG SOLD PRICE$740,000

AVG DAYS ON MARKET44 Days

Central Business District has many 3-bed condos. Currently, these units average 1,266 sq ft, located near corner stores and public transport like bus stops. On the streets, you will see benches and street lights, which create a welcoming environment. Most 3-bed condos in this area list for about $740,000. Many properties remain for sale for about 44 days before they find a buyer. The cost per square foot stands at approximately $585. In this vibrant area, residents enjoy easy access to parks and cafes, making it a lively place for urban living. Actual stats show consistent interest in these condos year after year.

Featured Buildings

20 Federal

20 FEDERAL,SALEM,MA

0 unit available

New Salem Condominium I

20 FEDERAL STREET,SALEM,MA

0 unit available

99 Washington St

99 WASHINGTON ST,SALEM,MA

0 unit available

View 3+ Bedroom Condos

Pet-Friendly Condos

Unable to find pet-friendly condos in Central Business District.

Visit the search page to set up an email alert to be notified of new pet-friendly condos listings or contact a HelloCondo agent for off-market listings.

Stunning Views Condos

Central Business District offers stunning view condos priced at $541,426. Actually, this area is known for its impressive skyline and proximity to parks like Greenway Park, which serves as a green space for leisure and outdoor activities. Most condos showcase striking vistas of landmarks such as the iconic city hall and nearby shopping spots like City Market, which host numerous retail offerings. You will find that these locations work together to shape the vibrant culture of the district. Condos typically range from 1,000 to 1,400 sq ft, and the average market time is 50 days. Expect a cost of $495 per sq ft for these remarkable homes.

Featured Buildings

1 Washington St

1 WASHINGTON ST,SALEM,MA

0 unit available

266 Essex St

266 ESSEX ST,SALEM,MA

0 unit available

281 Essex

281 ESSEX,SALEM,MA

0 unit available

View Condos with Stunning Condos

Schools

New Liberty Innovation School offers education for grades 9-12. Currently, students engage in a rich learning environment that sparks creativity and fosters independent thought. This public school emphasizes hands-on projects and real-world problem-solving as core aspects of its curriculum. Most students benefit from personalized support and work on skills that prepare them for life after high school. They often collaborate in teams on various tasks and explore subjects deeply. Class sizes are designed to allow for meaningful interactions. With a focus on innovation, New Liberty stands out by encouraging students to pursue their interests while achieving academic goals. It is a place where every student can thrive and become their best self.

New Liberty Innovation School

Public|Grades 9–12

2 E India Square Mall Ste 200

The Neighbourhood: Central Business District

Central Business District is the commercial center of Essex County, MA. The area has office towers, retail shops, and a mix of cafes and restaurants. The district hosts galleries, local museums, and public plazas. People find grocery stores, banks, and health clinics within easy walks. The area offers parks and riverside walking paths for short breaks. Commuters use nearby bus routes and commuter rail lines for fast trips to the city. Major roads link the district to surrounding towns. The area stays busy on weekdays and quiets somewhat in the evenings.

Demographics

Average Resident age38 years old

Average household Income$63,483 /year

Average HouseHold Composition2 People

What to know about Central Business District demographics:

Many people in the area have a Bachelor's degree. About 27.4% of the adults are well-educated.
The average age of residents is 38 years. This makes the area attractive for young professionals and families.

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Frequently Asked Questions about Central Business District

What is it like to live in Central Business District, Salem, MA?

The Central Business District in Salem is vibrant and full of activity. Residents enjoy a mix of shops, restaurants, and cultural sites. The area has historic charm and provides easy access to public transportation.

Is Central Business District, Salem, MA expensive?

The Central Business District in Salem has a mix of property prices. Some areas can be pricier due to the location and amenities. However, overall, it may be more affordable compared to other coastal cities in Massachusetts.

What is the weather of Central Business District, Salem, MA?

The Central Business District in Salem experiences four distinct seasons. Winters can be cold, with occasional snow. Summers are warm and can be humid. Spring and fall are mild with pleasant temperatures.

How safe is Central Business District, Salem, MA?

The Central Business District in Salem is generally considered safe. It has a visible police presence and is well-lit at night. Like any urban area, safety can vary by specific location and time.