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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
February 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 February 2026. Source: Realtor.com.

The SALEM, MA real estate market (01970) currently shows 39 active listings, with 12 pending sales. Homes are averaging 29 days on the market before going under contract.

Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 29 days on market compared to 16 days last year.

The median listing price has fallen 10.3% year-over-year, from $631,150 to $565,975.

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
39
⇧ 34.5% vs 29 last year
Pending
12
31% pending ratio
Median Price
$565,975
⇩ 10.3% vs $631,150 last year
Average Price
$653,585
⇩ 1.4% vs $663,045 last year
Days on Market
29
⇧ 81.3% vs 16 days last year

Price Per Square Foot

Median $/sqft
$451
⇩ 4.7% vs $473/sqft last year
Median Home Size
1,317 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 39 this year vs 29 last year
  • Days on market: 29 now vs 16 last year

Median & Average Pricing

Year over Year
  • Median: $565,975 (-10.3% YoY)
  • Average: $653,585 (-1.4% 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 — 220 listings ($244,074,906 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
01970Salem, MA 019700.0 mi39$28,668,432$629,900$735,088
01907Swampscott, MA 019072.6 mi20$18,085,060$639,950$904,253
01904Lynn, MA 019043.8 mi14$7,405,300$579,900$528,950
01901Lynn, MA 019014.2 mi4$1,525,900$379,000$381,475
01923Danvers, MA 019234.8 mi16$14,361,024$599,000$897,564
01908Nahant, MA 019086.0 mi5$19,110,000$3,995,000$3,822,000
01906Saugus, MA 019066.4 mi20$16,183,900$729,000$809,195
01982South Hamilton, MA 019828.2 mi7$8,986,719$924,950$1,283,817
01944Manchester, MA 019448.3 mi6$40,019,142$4,250,000$6,669,857
01949Middleton, MA 019498.6 mi13$17,735,380$1,139,950$1,364,260
02176Melrose, MA 021768.9 mi24$26,994,840$849,900$1,124,785
02152Winthrop, MA 0215210.2 mi33$24,694,593$564,450$748,321
01867Reading, MA 0186710.4 mi19$20,304,616$912,000$1,068,664

Frequently Asked Questions

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

As of February 2026, there are 39 active listings in SALEM, MA (zip code 01970), compared to 29 the prior year.

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

The median listing price in SALEM, MA 01970 is $565,975 as of February 2026, a 10.3% decrease from $631,150 the prior year.

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

Homes in SALEM, MA 01970 spend an average of 29 days on the market before going under contract, compared to 16 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 February 2026, SALEM, MA 01970 is currently a Buyer's Market. Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 29 days on market compared to 16 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 $11,320 compared to a typical 5% commission on the median listing price of $565,975. 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.