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Derby Street Homes for Sale

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    $379,000

    $96K PRICE DROP
    • 2 Beds
    • 1.5 Baths
    • 971 Sq Ft

    96 Derby St Unit 1, Salem, MA 01970

    PRICE IMPROVEMENT! Charming condo in a historic area just steps from the water. Features a spacious open floor plan, two large bedrooms with great natural light, and a private entrance. Ideally located a short walk to Salem’s vibrant downtown, full of restaurants, shops, attractions, and entertainment. Conveniently near Salem State University, Salem Common, Salem Willows, Pickering Wharf, and

    Sean Reid Century 21 North East Homes

    96 Derby St Unit 1, Salem, MA 01970
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    $525,000

    • 2 Beds
    • 1 Bath
    • 1,045 Sq Ft

    102 Wharf St Unit A6, Salem, MA 01970

    Wake up in the heart of Salem with the historic tall ship Friendship and the harbor right outside your window! This is downtown living at its absolute best.Perched on Pickering Wharf, get your morning coffee from Jaho, and dine at Finz, visible from your front door. All day you can stroll to the Commons, visit PEM or any of Salem's historic sites, or laze away the afternoon at the beaches or

    Nathan Seavey Leading Edge Real Estate

    102 Wharf St Unit A6, Salem, MA 01970
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    $557,000

    • 2 Beds
    • 1 Bath
    • 1,318 Sq Ft

    6 Union St Unit 3, Salem, MA 01970

    Living in the heart of Salem! This stunning Penthouse with a loft strikes a balance between modern upgrades and historic charm, featuring exposed wooden beams and brick accents. Soaring ceilings, oversized windows, skylights and tons of natural sunlight. Expansive main bedroom with cozy nook area for a relaxing reading chair or desk. A newly updated bathroom too. Amenities include an assigned

    Maryellen Mitchell J. Barrett & Company

    6 Union St Unit 3, Salem, MA 01970

Why Live in Derby Street

The Derby Street neighborhood in Salem, Massachusetts, is characterized by vintage homes, some dating as far back as the 17th century, and many from the 18th-century Federal era. The original inhabitants included sailmakers and carpenters. Homes continued to be added through the decades up until the mid-20th century, while many of the historical homes were converted into multiunit properties. The Salem Maritime National Historic Site, the first of its kind in the U.S., includes a dozen 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 has basketball courts and a softball field. Pickering Wharf, with over 30 storefronts, is known for restaurants, including Mercy Tavern, which also hosts live music. Longboards specializes in lobster-themed menu items and offers darts, shuffleboard and arcade games. The Salem Arts Festival and the Salem Jazz and Soul Festival are notable annual events in Salem. The neighborhood is walkable, with sidewalks lining many streets, and there's bus service. Additionally, about a mile away is the Salem Station, with Massachusetts Bay Transportation Authority (MBTA) commuter rail. There's close access to major roads like Essex Street and U.S. Route 1, and the Salem Ferry offers a scenic commute to Boston.

Derby Street, Salem, MA Home Prices vs. Nearby Neighborhoods

Derby Street Bridge Street Downtown Salem Gallows Hill
Median Home Price
$499,450
$619,000
$584,450
$585,000
Median Sale Price
$485,000
-8% YoY
$560,000
+8% YoY
$589,000
+5% YoY
$563,000
+6% YoY
Median Single Family Price
$837,500
$699,000
$895,000
$571,450
Median Townhouse Price
$557,000
$739,500
$889,500
$710,000
Median Condo Price
$480,000
$481,000
$560,000
$321,500
Total Active Listings
3 listings
1 listing
13 listings
4 listings
Market Conditions
1 Month of Supply
Seller's Market
1 Month of Supply
Seller's Market
2 Months of Supply
Seller's Market
3 Months of Supply
Seller's Market

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 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 below the national average. College graduates make up 62.9% of residents. A majority of residents in Derby Street are renters, with 51% of residents renting and 49% 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 $499,450. If you put a 20% down payment of $99,900 and had a 30-year fixed mortgage with an interest rate of 6.71%, your estimated principal and interest payment would be $2,580 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $111K a year to afford the median home price in Derby Street. Learn how much home you can afford with our Home Affordability Calculator. 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, 01915, 01945, 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 Common, Downtown Salem, The Point, North Salem and South Salem.
Are home prices dropping in Derby Street?
Yes, home prices in Derby Street are down 8% in the last 12 months.
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