5

Salem, MA Homes for Sale under $400,000

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  • 49 Essex St Unit 1R, Salem, MA 01970
    49 Essex St Unit 1R, Salem, MA 01970
    49 Essex St Unit 1R, Salem, MA 01970
    /19

    $399,900

    • 1 Bed
    • 1 Bath
    • 760 Sq Ft

    49 Essex St Unit 1R, Salem, MA 01970

    Historic 1841 Charm meets 2023 "Studs-Out" Restoration! Rare opportunity to own a piece of Salems history in the meticulously restored Goodhue House. This unit offers a perfect entry into the downtown market, combining 19th-century character w/ a 2023 full infrastructure renovation. No detail was overlooked: new roof, Hardie Plank siding, high-efficiency windows & all-new electrical/plumbing.

    David White OwnerEntry.com

    49 Essex St Unit 1R, Salem, MA 01970
  • 4 Valley St, Salem, MA 01970
    4 Valley St, Salem, MA 01970
    4 Valley St, Salem, MA 01970
    /3

    $349,900

    • Land
    • 6,534 Sq Ft
    • $2,332,667 per Acre

    4 Valley St, Salem, MA 01970

    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
  • 1 Boardman St Unit 6, Salem, MA 01970
    1 Boardman St Unit 6, Salem, MA 01970
    1 Boardman St Unit 6, Salem, MA 01970
    /30

    $374,000

    • 1 Bed
    • 1 Bath
    • 653 Sq Ft

    1 Boardman St Unit 6, Salem, MA 01970

    Location, Location, Location! This charming 1-bedroom, 1-bath condo is ideally situated just steps from Salem Common, where you can enjoy summer entertainment, scenic walks, frisbee, and picnics. Centrally located, the home also offers easy access to everything Salem has to offer—shopping, restaurants, hotels, Peabody Essex Museum, farmer’s market, commuter rail, and more. Freshly painted and

    Andrea Anastas RE/MAX Village Properties

    1 Boardman St Unit 6, Salem, MA 01970
  • 20 Central St Unit 213, Salem, MA 01970
    20 Central St Unit 213, Salem, MA 01970
    20 Central St Unit 213, Salem, MA 01970
    /19

    $359,000

    • 1 Bed
    • 1 Bath
    • 688 Sq Ft

    20 Central St Unit 213, Salem, MA 01970

    Downtown Salem living at its finest. This bright, corner one-bedroom at Central Plaza has been beautifully updated and is move-in ready. Updated features include fresh paint, recessed lighting, laminate flooring, decorative molding, stainless steel appliances, and major system upgrades, including a newer furnace and hot water heater. Additional highlights include a private balcony, extra storage,

    Tom Courtney Coldwell Banker Realty - Lynnfield

    20 Central St Unit 213, Salem, MA 01970
  • 185 Lafayette St Unit 3, Salem, MA 01970
    185 Lafayette St Unit 3, Salem, MA 01970
    185 Lafayette St Unit 3, Salem, MA 01970
    /21

    $379,900

    • 1 Bed
    • 1 Bath
    • 840 Sq Ft

    185 Lafayette St Unit 3, Salem, MA 01970

    Open House Sun 2/15 11:30am-1:00pm.This beautifully updated 1-bedroom condo offers a perfect blend of style, comfort, and convenience. The renovated kitchen features vinyl flooring, granite countertops, upgraded cabinetry, a sleek tiled backsplash, and stainless steel appliances, create an inviting space for everyday living. The bathroom has been tastefully updated with new tile flooring, a tiled

    Nick Daher Broad Sound Real Estate, LLC

    185 Lafayette St Unit 3, Salem, MA 01970
Massachusetts Essex County Salem

Real Estate & Homes in Salem, MA under $400,000

Home Trends in Salem, MA

On average, homes in Salem, MA sell after 28 days on the market compared to the national average of 56 days. The median sale price for homes in Salem, MA over the last 12 months is $575,000, down 3% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$575,000
Median Single Family Sale Price
$690,000
Median Townhouse Sale Price
$689,750
Median 2 Bedroom Sale Price
$500,000
Median 1 Bedroom Sale Price
$377,450
Average Price Per Sq Ft
$431
Number of Homes for Sale
43
Last 12 months Home Sales
408
Months of Supply
1.30
Median List Price
$585,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-3%

Popular Home Searches in Salem, MA

In Salem’s historic neighborhoods and coastal pockets, homebuyers often seek character-rich architecture and outdoor space to enjoy New England seasons.

  • Love historic charm? Browse Victorian homes or colonial style properties near the McIntire Historic District.
  • Need fresh air? Check out homes with a porch or yard in North Salem or South Salem.
  • Looking for seasonal comfort? Homes with fireplaces or air conditioning can help with Massachusetts’ changing climate.
  • Want space to host? Find homes with a deck or kitchen island for entertaining.
  • Prefer low-maintenance living? Explore condos or townhomes close to downtown and commuter rail lines.
How to Buy a Home How to Finance a Home How to Sell a Home

Explore the array of homes and houses for sale under $400,000 in Salem, where you'll find 5 options tailored for those seeking affordable real estate opportunities. Whether you're interested in spacious family homes, modern townhouses, or cozy bungalows, Salem offers a diverse range of choices to match your needs and financial considerations. Take advantage of these affordably-priced properties to make your move into the real estate market in Salem, MA.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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