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Derby Street Homes for Sale

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  • 131 Derby St Unit 3F, Salem, MA 01970
    131 Derby St Unit 3F, Salem, MA 01970
    131 Derby St Unit 3F, Salem, MA 01970
    /38

    $534,900

    • 2 Beds
    • 1 Bath
    • 800 Sq Ft

    131 Derby St Unit 3F, Salem, MA 01970

    Live your best life in the heart of Salem’s vibrant & historic Derby Street neighborhood. Just steps from the waterfront, Salem Maritime Historic site, fine dining, taverns, shops, the PEM, Pickering Wharf, The Common, House of Seven Gables, & the ferry & commuter rail to Boston. This meticulously maintained 2BR condo blends modern comfort w/ the ultimate downtown lifestyle. Enjoy exclusive

    Melissa Dias Lopes J. Barrett & Company

    131 Derby St Unit 3F, Salem, MA 01970
  • 67 Essex St Unit 2, Salem, MA 01970
    67 Essex St Unit 2, Salem, MA 01970
    67 Essex St Unit 2, Salem, MA 01970
    /35

    $729,900

    • 3 Beds
    • 2 Baths
    • 1,590 Sq Ft

    67 Essex St Unit 2, Salem, MA 01970

    Stunning brand new 3 bedroom, 2 bath condominium penthouse with in the most amazing location in historic Salem! This property backs up to the Salem Maritime Park-LOCATION,LOCATION,LOCATION! Steps from Derby Wharf, Pickering Wharf, the Willows, Hawthorne Hotel, Museums, & the Salem Common. Modern open concept custom style throughout the interior, beautiful lighting, light paint palette, & gleaming

    Heather Klosowski Heather Klosowski Real Estate

    67 Essex St Unit 2, Salem, MA 01970
  • 67 Essex St Unit 1, Salem, MA 01970
    67 Essex St Unit 1, Salem, MA 01970
    67 Essex St Unit 1, Salem, MA 01970
    /41

    $739,900

    • 3 Beds
    • 2.5 Baths
    • 1,580 Sq Ft

    67 Essex St Unit 1, Salem, MA 01970

    Luxury brand new 3 bedroom, 2.5 bath condominium townhouse in the most amazing location in historic Salem! This property backs up to the Salem Maritime Park-LOCATION,LOCATION, LOCATION! It is just steps from Derby Wharf, Pickering Wharf, the Willows, Hawthorne Hotel, Museums, & the Salem Common. Modern open concept custom style throughout the interior, with soaring ceilings, beautiful lighting,

    Heather Klosowski Heather Klosowski Real Estate

    67 Essex St Unit 1, Salem, MA 01970
  • 17 Webb St Unit 1, Salem, MA 01970
    17 Webb St Unit 1, Salem, MA 01970
    17 Webb St Unit 1, Salem, MA 01970
    /20

    $509,000

    • 2 Beds
    • 1 Bath
    • 930 Sq Ft

    17 Webb St Unit 1, Salem, MA 01970

    Sunny & beautiful 2 bedroom open floor plan condo. Kitchen eatures LG Smart stainless appliances, gas stove with air fryer and quartz countertops. There is washer dryer hookup in-unit. One assigned parking spot, Beacon Hill style paver patio in rear. The location can not be beat. It is close to everything Salem has to offer: dining, shopping, entertainment and the beach! Self managed

    Matt O'Hara Blair Capital, LLC

    17 Webb St Unit 1, Salem, MA 01970
  • 8-8.5 Herbert St, Salem, MA 01970
    8-8.5 Herbert St, Salem, MA 01970
    8-8.5 Herbert St, Salem, MA 01970
    /19

    $1,970,000

    • 9 Beds
    • 9 Baths
    • 7,452 Sq Ft

    8-8.5 Herbert St, Salem, MA 01970

    We are pleased to present this multifamily offering which consists of 9 units, with on street parking. This deal includes a 2-unit and a 7-unit building, both connected by a well maintained outdoor entranceway. The property has been very well maintained but offers investors and end-users future value through cosmetic improvements and management efficiencies. The property features unique finishes

    Kevin Benzinger Boston Realty Advisors

    8-8.5 Herbert St, Salem, MA 01970
Massachusetts Essex County Salem Derby Street

Real Estate & Homes for Sale in Derby Street, Salem

Why Live in Derby Street
The Derby Street neighborhood in Salem, Massachusetts, features homes primarily built in the mid to late 1800s, originally for workers like sailmakers and carpenters. Many of these Colonial Revival and New Englander-style homes have been converted into multiunit properties, often with front doors turned away from the street to save on taxes. The area has limited yard space and is experiencing rising water levels, prompting city efforts to protect homes. The Salem Maritime National Historic Site, the first of its kind in the U.S., includes 12 historic buildings and the Friendship of Salem vessel. Nearby, the House of the Seven Gables offers guided tours, and Winter Island, less than 2 miles away, provides camping, sailing, and beach activities. Collins Cove Park features pickleball and basketball courts. Pickering Wharf, with over 30 storefronts, offers dining options like Finz and Longboard, while Mercy Tavern is a local favorite for steak tips and cocktails. The Salem Arts Festival and the Salem Jazz & Soul Festival are notable annual events. The neighborhood is walkable, with sidewalks lining many streets, and the Salem Commuter Rail Station is a mile away. Major roads like Essex Street and U.S. Route 1 are nearby, and the Salem Ferry offers a scenic commute to Boston. Logan International Airport is 17 miles away, and Salem Hospital is 2 miles west. Educational options include the highly-rated Salem Academy Charter School, known for its college prep courses and community service.
Learn more about living in Derby Street

Frequently Asked Questions

Is Derby Street a good place to live?
Derby Street is a good place to live. Derby Street is considered somewhat walkable and somewhat bikeable with some transit options. Derby Street has 4 parks for recreational activities. It has a median age of 43. The average household income is $100,348 which is above the national average. College graduates make up 62.9% of residents. A majority of residents in Derby Street are renters, with 50.7% of residents renting and 49.3% of residents owning their home. A local real estate agent serving Derby Street can help you decide if this neighborhood is the right one for you. Learn more on our Derby Street neighborhood guide.
How much do you need to make to afford a house in Derby Street?
The median home price in Derby Street is $549,000. If you put a 20% down payment of $109,800 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $2,790 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $120K a year to afford the median home price in Derby Street. The average household income in Derby Street is $100K.
What are the best public schools in Derby Street?
The best public schools that serve Derby Street are:
What are the best private schools in Derby Street?
The best private schools that serve Derby Street are:
What are the most popular zip codes in Derby Street, Salem, MA?
The most popular zip codes in Derby Street, Salem, MA include 01970, 01945, 01915, 01960 and 01923.
What are the most popular neighborhoods near Derby Street, Salem, MA?
The most popular neighborhoods near Derby Street, Salem, MA are Salem Willows, Salem Common, Downtown Salem, Collins Cove and South Salem.

Home Trends in Derby Street, MA

On average, homes in Derby Street, Salem sell after 32 days on the market compared to the national average of 52 days. The median sale price for homes in Derby Street, Salem over the last 12 months is $525,000, up 12% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$525,000
Median Single Family Sale Price
$652,500
Median Townhouse Sale Price
$512,000
Median 2 Bedroom Sale Price
$519,500
Median 1 Bedroom Sale Price
$397,500
Average Price Per Sq Ft
$527
Number of Homes for Sale
4
Last 12 months Home Sales
25
Months of Supply
1.90
Median List Price
$549,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
12%
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