Is Salem, MA 01970 a buyer’s or seller’s market?
Salem is a seller’s market. With about 2.2 months of supply and 50% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Competition score84/ 100
More competitive than 89% of U.S. ZIP codes, and #168 of 362 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
Months of supply2.2Under 4 months = seller’s market
Sold above original list50.3%Share of sales, last 3 months
Median sale-to-list101.3%Sold price ÷ list price
Median days on market22Listing to accepted offer
Median price per sq ft$418▲ +0.1% vs. last year
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Nearby markets
Amesbury 01913Seller’s market $385 /sq ftAndover 01810Seller’s market $412 /sq ftBeverly 01915Seller’s market $475 /sq ftBoxford 01921Seller’s market $357 /sq ft Browse all markets →Local agents
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology