Salem Real Estate Market Sees Sales Increase

Over the last 30 days, the Salem market was busy with 75 homes sold. At the same time, close-by Lynn reported 83 home sales, the highest number from all the surrounding cities. Potential buyers should note that prices are coming down in Salem, and for this period the median sales price slid from $312,500 to $310,000. Along with the increase in sales, the fact that there is a lower-than-normal one month of inventory indicates that Salem is a solid seller's market.

Looking for adequate space in your home? Check out these listings in Salem that provide large living areas:

$1.2M   $699K   $849K  

Get started right now by checking out Salem homes for sale or reviewing Salem real estate trends.

Demographic facts for Salem:

  • The median age of the population is 37 years old.
  • The area's health cost index score is 119.0. (100 = national average)
  • The area's commuter length breakdown is: <15 min (29.5%), 15-29 min (31.9%), 30-44 min (16.0%), 45-59 min (9.1%), >60 min (13.4%).

Data reported through 10/12/2016

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Maclare Real Estate
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