Why Live in South Salem
South Salem features a mix of colonial-style single-family homes and Victorian-era constructions, many of which have been converted into condos. The neighborhood's streets are lined with Cape Cods, Tudor revivals, midcentury Colonial Revivals, and bungalows, with homes typically set back from sidewalks by walkways leading to front doors. Small lots with fenced-in gardens are common, and street parking is prevalent, though some homes have driveways. Forest River Park, located on a peninsula in Salem Harbor, offers baseball, basketball, and a beach, along with a newly renovated Outdoor Recreation and Nature Center. The Marblehead Rail Trail provides a scenic 3-mile walk, while Olde Salem Green offers a nine-hole golf course. For shopping, Crosby’s Marketplace and Daily Table are nearby, with a Target and The Home Depot 3 miles west at Hawthorne Square. Essex Street is the commercial hub, featuring popular attractions, restaurants, and specialty shops like Ledger Restaurant and Bambolina. The annual Haunted Happenings Parade kicks off a month-long Halloween celebration, drawing over 15,000 visitors. Other attractions include the Real Pirates Salem Museum, Peabody Essex Museum, and Nathaniel Hawthorne’s House of the Seven Gables. South Salem has a crime rate comparable to the national average.
Home Trends in South Salem, MA
On average, homes in South Salem, Salem sell after 48 days on the market compared to the national average of 70 days. The median sale price for homes in South Salem, Salem over the last 12 months is $427,500, down 25% from the median home sale price over the previous 12 months.
Median Sale Price
$427,500
Median Single Family Sale Price
$427,500
Median Townhouse Sale Price
$295,000
Median 2 Bedroom Sale Price
$205,000
Median 1 Bedroom Sale Price
$550,000
Average Price Per Sq Ft
$243
Number of Homes for Sale
7
Last 12 months Home Sales
53
Median List Price
$523,500
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-25%