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Condos for Sale in Derby Street/Waterfront 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
Luxury Condos
Neighbourhood
Demographics

About Derby Street/Waterfront District

Derby Street/Waterfront District is a vibrant area in Salem. This district features a mix of history and modern living, making it a lively place to be. The neighborhood includes shops and restaurants that reflect its unique character. People can find a variety of homes in this area, from cozy one-bedroom units to spacious three-plus-bedroom options. Units with 1–3 bedrooms (one-bedroom 500.0 - 1243.0 sq ft, two-bedroom 840.0 - 1805.0 sq ft, three-plus 871.0 - 3500.0 sq ft) fit a range of needs.

Derby Street/Waterfront 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 size749.2 sqft

2 Bedroom avg size1167.83 sqft

3 Bedroom avg size1746.86 sqft

Pricing and Liquidity

No price and liquidity data available.

1 Bedroom Condos

AVG PPSF$582.62 /sqft

AVG SOLD PRICE$394,500

AVG DAYS ON MARKET37 Days

Derby Street/Waterfront District features a variety of 1-bed condos. Currently, these units vary in size from 500 sq ft to 1,243 sq ft. Many include modern amenities and spacious layouts. Prices hover around $394,500. Most condos experience about 36 days on the market before selling. Sidewalks lined with benches and stone pathways encourage walking and socializing, while street lights add to the area's charm. Stunning views of the waterfront enhance the appeal of the homes. Nearby, bus stops provide easy access to transportation, making these condos accessible to all. Green spaces with big trees create a tranquil environment for residents to enjoy.

Featured Buildings

125 Derby St Condominium

125 DERBY,SALEM,MA

1 unit available

View 1-Bedroom Condos

2 Bedroom Condos

AVG PPSF$490.49 /sqft

AVG SOLD PRICE$554,500

AVG DAYS ON MARKET58 Days

Derby Street/Waterfront District features a range of 2-bed condos. Currently, these condos span from 840 sq ft to 1805 sq ft, providing various layouts for different needs. Many units sit near vibrant street cafes and local shops, enhancing the neighborhood's atmosphere. Bright street lights illuminate the surroundings at night. Generally, the typical listing price for these condos reaches around $554,500. Buyers should expect an average market time of 58 days for these properties. Most locations have easy access to nearby crosswalks, ensuring safe passage for pedestrians. The area showcases a blend of modern buildings and scenic views of the waterfront, creating a unique urban environment.

Featured Buildings

1 Turner St

1 TURNER ST,SALEM,MA

1 unit available

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3+ Bedroom Condos

AVG PPSF$457.38 /sqft

AVG SOLD PRICE$733,428.57

AVG DAYS ON MARKET81 Days

Derby Street/Waterfront District features numerous 3-bed condos. Sizes range from 871 sq ft to 3,500 sq ft, allowing for different layouts and configurations. Sidewalks are stone and lined with old trees that create a pleasant walking area. Streetlights add a welcoming touch to the neighborhood ambiance. Condos typically sell for around $733,429. Most properties remain on the market for approximately 81 days. Nearby, residents can find bus stops and corner stores that make daily errands simple. The average cost per square foot for these condos is about $457. Condos benefit from a vibrant waterfront atmosphere, enhancing the living experience in Derby Street.

Featured Buildings

1 Turner St

1 TURNER ST,SALEM,MA

1 unit available

View 3+ Bedroom Condos

Pet-Friendly Condos

Unable to find pet-friendly condos in Derby Street/Waterfront 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

Derby Street/Waterfront District offers stunning view condos priced around $466,000. Currently, you will find these homes with prices per square foot at $545. Enjoy access to Wadsworth Park, which is ideal for walks or picnics, and Derby Street School, known for its strong educational programs. Most of these condos are located near local shops and cafes, perfect for grabbing a quick bite. The views take in the waterfront and surrounding hills, making for a beautiful daily backdrop. With a market time of 57 days, these spots are in demand due to the scenic charm and local features present in the area.

Featured Buildings

1 Turner St

1 TURNER ST,SALEM,MA

1 unit available

View Condos with Stunning Condos

Luxury Condos

AVG PPSF$544.53 /sqft

AVG SOLD PRICE$465,789.47

AVG DAYS ON MARKET57 Days

Derby Street/Waterfront District features luxury condos. Currently, the market price for these homes averages around $466,000, with a key cost per square foot of $545. Most units are listed for about 57 days, showing a fast market. Parks like Derby Waterfront Park have green space ideal for walks or picnics, while the nearby shops give access to cafes and boutiques. Close to schools, this area supports easy travel for families and students alike. Light posts on the sidewalks shine bright, guiding visitors while they explore nearby attractions. Street benches offer spots to take a break and enjoy the vibrant surroundings.

Featured Buildings

1 Turner St

1 TURNER ST,SALEM,MA

1 unit available

125 Derby St Condominium

125 DERBY,SALEM,MA

1 unit available

The Neighbourhood: Derby Street/Waterfront District

Derby Street/Waterfront District is a coastal area centered on the harbor. The area sits on the harbor with docks, a tree-lined boardwalk, and a small park. Small shops and seafood spots line the main streets, and art shops and weekly markets sell local goods and fresh food. The district has markets, cafes, and shops within short walks. It hosts summer concerts and a farmers market, and drivers use direct road links to nearby towns while buses and trains connect the area to nearby cities.

Demographics

Average Resident age39 years old

Average household Income$62,437 /year

Average HouseHold Composition2 People

What to know about Derby Street/Waterfront District demographics:

Many people in the area hold a Bachelor's degree. About 27.53% of the population is well-educated.
The average age of residents is 39 years old.

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Frequently Asked Questions about Derby Street/Waterfront District

What is it like to live in Derby Street/Waterfront District, Salem, MA?

The Derby Street/Waterfront District features a mix of historic homes and modern buildings. Residents enjoy close access to the waterfront, parks, and restaurants. The area is vibrant with a seasonal atmosphere and community events.

Is Derby Street/Waterfront District, Salem, MA expensive?

Derby Street and the Waterfront District are generally considered higher-priced areas in Salem. Homes often consist of condos and historic properties. Prices are influenced by the waterfront views and proximity to local amenities.

What is the weather of Derby Street/Waterfront District, Salem, MA?

The weather in the Waterfront District typically features cold winters and warm summers. Winters can bring snow, while summers are usually humid and mild. Spring and fall offer pleasant temperatures and colorful foliage.

How safe is Derby Street/Waterfront District, Salem, MA?

Derby Street and the Waterfront District in Salem are generally considered safe. The area has low crime rates compared to larger cities. However, as with any urban area, it's wise to stay aware of your surroundings.