How much does it cost to buy a house in Salem, MA?

In June 2026 Salem homes were listed to buy for a median price of $566K, which is a 12% decrease to May 2025 last month, and a 11% decrease to June 2025 last year. The median value of a home listed to buy in Salem in June 2026 was $430 per sqft, which is a 1% decrease to May 2025 last month, and same as June 2025 last year.

Is it affordable or expensive to live in Salem, MA?

It is expensive to live in Salem. Buying a home in Salem is 1% more expensive compared with the national average.

Is the Salem, MA housing market slowing down?

The housing market in Salem is slowing down. In June 2026, homes to buy in Salem spent an median 18 days on the market, a 5% decrease from June 2025 last year.

What are the best and safest places to live in Salem, MA?

The best and safest neighborhoods to live in Salem in June 2026 are Beacon Hill, Downtown Boston, Seaport District, Back Bay, Cambridgeport, South End, Waterfront, North End, Marina Bay, Magnolia, Belvidere, West Revere, West Peabody, South Peabody, South Salem, Eastern Avenue, Houghes Neck, Federal Street, Downtown Salem, Diamond District

How much money should I make to buy a house in Salem, MA?

In June 2026, Salem homes were listed to buy for a median price of $566K, with 25% down you would need $3.24K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $111K.