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Bridge Street Neck (Bridge St Neck) Castle Hill Central Peabody Charter Street (Charter Street Historic District) Chestnut Street (Chestnut St) Collins Cove (Collin's Cove) Derby Wharf (Derby Historic District) Downtown Fay Estate (The Fay Estate) Federal Street (Federal Street Historic District) Gallows Hill (the Gallows) Juniper Point McIntire (McIntire District) North Salem (N Salem) Northfields (North Fields) Osgood Park Pickman Park Salem Common (the Common) Salem Neck Salem Willows (the Willows) South Peabody (S Peabody) South Salem (S Salem) The Point (Point) Washington Street Historic District (Washington Street) Winter Island Witchcraft Heights (Witchcraft Hts)

SALEM, MA 01970

Real Estate Market Report
Buyer's Market
June 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 01970

Bridge Street Neck (Bridge St Neck) · Castle Hill · Central Peabody · Charter Street (Charter Street Historic District) · Chestnut Street (Chestnut St) · Collins Cove (Collin's Cove) · Derby Wharf (Derby Historic District) · Downtown · Fay Estate (The Fay Estate) · Federal Street (Federal Street Historic District) · Gallows Hill (the Gallows) · Juniper Point · McIntire (McIntire District) · North Salem (N Salem) · Northfields (North Fields) · Osgood Park · Pickman Park · Salem Common (the Common) · Salem Neck · Salem Willows (the Willows) · South Peabody (S Peabody) · South Salem (S Salem) · The Point (Point) · Washington Street Historic District (Washington Street) · Winter Island · Witchcraft Heights (Witchcraft Hts)

Market Analysis

Data as of June 2026. Source: Realtor.com.

The SALEM, MA real estate market (01970) currently shows 142 active listings, with 65 pending sales. Homes are averaging 24 days on the market before going under contract.

Inventory has increased compared to last year, with 66 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 24 days on market compared to 21 days last year.

The median listing price has fallen 4.5% year-over-year, from $599,225 to $572,500.

Whether you are buying or selling in SALEM, MA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 44,435  ·  Density: 2,081.5/mi²  ·  Median household income: $79,267

Typical home value: $464,136  ·  Homeownership: 50.7%

Market Overview

Active Listings
142
⇧ 86.8% vs 76 last year
Pending
65
46% pending ratio
Median Price
$572,500
⇩ 4.5% vs $599,225 last year
Average Price
$657,410
⇩ 0.7% vs $661,791 last year
Days on Market
24
⇧ 14.3% vs 21 days last year

Price Per Square Foot

Median $/sqft
$427
⇩ 6.4% vs $456/sqft last year
Median Home Size
1,444 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 142 this year vs 76 last year
  • Days on market: 24 now vs 21 last year

Median & Average Pricing

Year over Year
  • Median: $572,500 (-4.5% YoY)
  • Average: $657,410 (-0.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 10.4 miles — 214 listings ($265,813,990 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
01970Salem, MA 019700.0 mi48$31,372,080$565,975$653,585
01907Swampscott, MA 019072.6 mi18$16,352,424$790,500$908,468
01904Lynn, MA 019043.8 mi12$6,761,796$608,000$563,483
01901Lynn, MA 019014.2 mi5$1,919,490$386,750$383,898
01923Danvers, MA 019234.8 mi16$16,177,040$638,000$1,011,065
01908Nahant, MA 019086.0 mi6$20,294,898$3,047,500$3,382,483
01906Saugus, MA 019066.4 mi12$11,108,940$786,950$925,745
01982South Hamilton, MA 019828.2 mi6$9,135,300$950,000$1,522,550
01944Manchester, MA 019448.3 mi11$78,833,337$4,323,750$7,166,667
01949Middleton, MA 019498.6 mi12$16,022,352$1,203,725$1,335,196
02176Melrose, MA 021768.9 mi19$17,017,122$734,600$895,638
02152Winthrop, MA 0215210.2 mi30$22,124,370$548,850$737,479
01867Reading, MA 0186710.4 mi19$18,694,841$837,250$983,939

Frequently Asked Questions

How many homes are for sale in SALEM, MA 01970?

As of June 2026, there are 142 active listings in SALEM, MA (zip code 01970), compared to 76 the prior year.

What is the median home price in SALEM, MA 01970?

The median listing price in SALEM, MA 01970 is $572,500 as of June 2026, a 4.5% decrease from $599,225 the prior year.

How long do homes stay on the market in SALEM, MA?

Homes in SALEM, MA 01970 spend an average of 24 days on the market before going under contract, compared to 21 days the prior year.

Is it a seller's or buyer's market in SALEM, MA 01970?

Based on current inventory and days-on-market data as of June 2026, SALEM, MA 01970 is currently a Buyer's Market. Inventory has increased compared to last year, with 66 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 24 days on market compared to 21 days last year.

How much can I save on real estate commission in SALEM, MA?

With SELL123.com's maximum 3% commission, sellers in SALEM, MA 01970 save an estimated $11,450 compared to a typical 5% commission on the median listing price of $572,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.