13 hours on Rocket
$10,000 Closing Credit¹
#73354951, Karen Hanson, Listing Office: Engel & Volkers By the Sea
Salem Housing Market Report March 2025•Essex County, Massachusetts
Housing Prices in Salem, MA
How much do homes in Salem, MA cost?
Housing Market Conditions
Is Salem, MA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Salem is a Seller's Market
Difference Since March 2024
Since last year, Salem has remained a Seller's Market.
Insight
Salem is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$600,000$396/SqFt
+$50,100
+9.1%
Based on all homes sold in the last 12 months
Insight
Homes in Salem have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Salem was $600,000 in March 2025, up 9.1% from last year, and the median price per square foot was $396.
Median Sold Price By Cities
| City | Mar 2024 | Mar 2025 | Change YoY |
|---|---|---|---|
| Swampscott | $680K | $754.5K | +11.0% |
| Salem | $549.9K | $600K | +9.1% |
| Peabody | $608.1K | $654K | +7.5% |
| Beverly | $677K | $700.3K | +3.4% |
| Marblehead | $925K | $950K | +2.7% |
Median Sold Price By Bedrooms
| Beds | Mar 2024 | Mar 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $345K | $380K | +10.1% |
| 22 Bedrooms | $495K | $520K | +5.1% |
| 33 Bedrooms | $600K | $632.5K | +5.4% |
| 44 Bedrooms | $700K | $773.5K | +10.5% |
| 55+ Bedrooms | $875K | $1.0M | +14.6% |
Summary: Salem housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes increased by +10.1%. The home price for 2 bedroom homes increased by +5.1%. The home price for 3 bedroom homes increased by +5.4%. The home price for 4 bedroom homes increased by +10.5%. The home price for 5 bedroom homes increased by +14.6%.
How does Salem, MA compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Salem, MA
Housing supply in Salem, MA
How many homes are available in Salem, MA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 108Last MonthMar 2025 | ||
| 772 months agoFeb 2025 | +40.3 % Change MoMFeb – Mar |
Summary: The Salem real estate market had 108 homes for sale in Mar 2025, a 40.3 % increase compared to Feb 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 33Last MonthMar 2025 | ||
| 142 months agoFeb 2025 | +135.7 % Change MoMFeb – Mar |
Homes For Sale By Bedroom Count
| Beds | Feb 2025 | Mar 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 7 | 10 | +42.9% |
| 22 Bedrooms | 31 | 41 | +32.3% |
| 33 Bedrooms | 24 | 35 | +45.8% |
| 44 Bedrooms | 9 | 16 | +77.8% |
| 55+ Bedrooms | 6 | 6 | 0.0% |
Summary: Salem housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +42.9%. The inventory for 2 bedroom homes increased by +32.3%. The inventory for 3 bedroom homes increased by +45.8%. The inventory for 4 bedroom homes increased by +77.8%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Salem, MA cost?
Over Asking Price24 Homes
At Asking Price4 Homes
Under Asking Price5 Homes
Insight
If you're buying a home in Salem, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in Salem in March 2025, up by 135.7% month-over-month. Of the 33 sold homes, 15% were sold under asking, 12% were sold at asking, and and 73% were sold over asking.
Days on Market for Salem, MA
How long does it take to sell a home in Salem, MA?
Breakdown of Home Sale Times
Under 30 Days26 Homes
30 – 90 Days4 Homes
Over 90 Days3 Homes
Insight
Many homes in Salem are selling fast, if you're buying plan to act quickly.
Summary: During March 2025, 33 homes were sold in Salem; 79% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 29 DaysThis YearMar 2025 | ||
| 25 Days1 year agoMar 2024 | +12.5 % Change YoYMar 2024 – Mar 2025 |
Summary: Homes in Salem had an average listing age of 29 days in Mar 2025, up by 12.5% compared to the previous year.
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Newest Listings in Salem, MA
What homes are available in Salem, MA?
14 hours on Rocket
$8,311 Closing Credit¹
#73352481, Kevin McCafferty, Listing Office: RyVal Homes
1 day on Rocket
$7,718 Closing Credit¹
#73354276, David DeSimone, Listing Office: Assurance Real Estate, LLC
2 days on Rocket
$10,000 Closing Credit¹
#73354049, Kevin Benzinger, Listing Office: Boston Realty Advisors
2 days on Rocket
$10,000 Closing Credit¹
#73354024, Kevin Benzinger, Listing Office: Boston Realty Advisors
2 days on Rocket
$5,580 Closing Credit¹
#73353910, Maria Salzillo, Listing Office: J. Barrett & Company
2 days on Rocket
$7,125 Closing Credit¹
#73353135, Joseph Cipoletta, Listing Office: Aluxety
2 days on Rocket
$10,000 Closing Credit¹
#73353104, Michael Selbst, Listing Office: Gibson Sotheby's International Realty
2 days on Rocket
$8,074 Closing Credit¹
#73352699, The Lucci Witte Team, Listing Office: William Raveis R.E. & Home Services
2 days on Rocket
$5,522 Closing Credit¹
#73353162, Alexis Surpitski MacIntyre, Listing Office: Ocean's Edge Real Estate
2 days on Rocket
$7,469 Closing Credit¹
#73352458, John Swain, Listing Office: Coldwell Banker Realty - Beverly
2 days on Rocket
$10,000 Closing Credit¹
#73352712, Jason Martinez, Listing Office: Realty ONE Group Nest
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MLS Disclaimers and Copyright
Based on information from MLS Property Information Network Inc., for the period 04/01/2023 - 04/01/2025
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/4/2025, 8:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.