Housing in Salem, MA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$540,000
Median List Price
$599,000
Price Per Sq Ft
$381
Days on Market
22
Active Inventory
45
Months of Supply
1.9
Seller's market
Zillow Home Value
$592,554
ZHVI — January 2026
Zillow Rent Index
$2,632
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
41.7%
Off Market in 2 Weeks
22.2%
Sale-to-List Ratio
99.4%
Buyer's market
Market Activity
Source: RedfinHomes Sold
24
New Listings
29
Pending Sales
27
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$381
Median List $/SF
$414
Salem vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 25,000 - 50,000 residents. Salem is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$497,400
Median Rent
$1,800
Total Housing Units
21,000
Vacancy Rate
5.8%
Owner Occupied
51.4%
Renter Occupied
48.6%
Median Property Tax
$6,032
per year
Monthly Cost (w/ Mortgage)
$2,184
Housing Types
The current median sale price in Salem, MA is $540,000 according to Redfin data. Homes spend a median of 22 days on the market. 41.7% of homes sold above asking price. The market has 1.9 months of supply. The median price per square foot is $381. Zillow's observed rent index is $2,632/month. About 51.4% of housing units are owner-occupied. The median year homes were built is 1938. There are 21,000 total housing units.