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New Construction Homes for Sale in Salem, MA

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    $349,900 Lot/Land

    4 Valley St, Salem, MA 01970

    • 0.15 Acre
    • $2,332,667 per Acre

    Rare opportunity to build your own home in the desirable Witchcraft Heights neighborhood of Salem. This gently sloped lot has already undergone extensive preparation by the current owner, including tree removal, a preliminary HERS Report, architectural plans for a new home, and a drainage permit with site plan currently under review. The building permit has been paid for and is also under review.

    Kevin Coughlin Berkshire Hathaway HomeServices Commonwealth Real Estate

    4 Valley St, Salem, MA 01970

Frequently Asked Questions

What warranties come with a new construction home?
Most Builders provide a 1-year workmanship warranty, a 2-year systems warranty, and a 10-year structural warranty.
What upgrades are included in a new build vs what is considered extras?
Builders in Salem, MA usually offer a base package and optional upgrades such as flooring, countertops, and appliances.
Do new construction homes in Salem, MA hold their value?
Yes, especially in fast-growing areas of Salem, MA. Resale values are supported by population growth, job opportunities, and desirable schools.
What happens if I find issues after moving in to new build?
Builders typically provide a post-move in warranty service to address punch list items.

Home Trends in Salem, MA

Housing Trends

Median Sale Price
$580,000
Median Single Family Sale Price
$687,500
Median Townhouse Sale Price
$687,500
Median 2 Bedroom Sale Price
$505,000
Median 1 Bedroom Sale Price
$382,500
Average Price Per Sq Ft
$430
Number of Homes for Sale
35
Last 12 months Home Sales
411
Months of Supply
1.00
Median List Price
$597,450
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
1%
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