Why Live in Downtown Salem
Downtown Salem offers a mix of multi-unit and multi-use buildings, with residences often found above ground-level storefronts. These condos and apartments, ranging from two to six stories, date back to the early 1900s through the 1990s, with new developments emerging near the river and train station. Residents enjoy easy access to green spaces like Salem Common, featuring paved walkways, a basketball court, and a playset, as well as Winter Island Park, which offers camping, boat ramps, and Waikiki Beach. The Salem YMCA provides additional recreational facilities. Dining options are abundant, with popular spots like Ledger, O'Neil’s Pub & Restaurant, and All Souls Bar, alongside numerous boutiques and stores with magical themes. Grocery shopping is convenient with local markets and chains like Stop & Shop and Market Basket within 2 miles. Cultural attractions include the Peabody Essex Museum and historic city hall, which hosts reenactments of the Salem Witch Trials. Events such as the Salem’s So Sweet Chocolate and Ice Sculpture Festival add to the vibrant community life. The neighborhood is highly walkable, with streets closed to cars, and the Salem commuter rail station offers a 30-minute ride to Boston’s North Station. Boston Logan International Airport is 16 miles away, and Salem Hospital is less than a mile from the neighborhood. Education options include the highly rated Salem Academy Charter School.
Home Trends in Downtown Salem, MA
On average, homes in Downtown Salem, Salem sell after 24 days on the market compared to the national average of 51 days. The median sale price for homes in Downtown Salem, Salem over the last 12 months is $440,000, down 17% from the median home sale price over the previous 12 months.
Median Sale Price
$440,000
Median Townhouse Sale Price
$458,000
Median 2 Bedroom Sale Price
$512,000
Median 1 Bedroom Sale Price
$342,900
Average Price Per Sq Ft
$491
Number of Homes for Sale
7
Last 12 months Home Sales
23
Median List Price
$450,000
Median Change From 1st List Price
-1%
Median Home Sale Price YoY Change
-17%