Back to Home

Salem is located in the northeastern part of the state of Massachusetts and a city in Essex County. It sits along Salem Bay Harbor, which is an inlet along Massachusetts Bay. Salem was the location of the first organized Congregational Church in America in 1629 and Roger Williams, also the founder of the Rhode Island colony also serves as the pastor. The name of the town was thought to be derived from the shortened form of the famous biblical Jerusalem or the City of Peace. The city’s earliest recorded history was mostly clouded by religious intolerance which has led to the witchcraft trials in 1692. At the start of the 18th and 19th centuries, the area was then developed to become one of BNew England’s leading maritime and shipbuilding countries that were primarily used during the American Revolution and the War of 1912, where the port has served as a private base. As one of the most famous colonial towns in America, Salem fuses 17th century architecture and history with contemporary amenities. Its massive success in retaining its heritage has led to downtown Salem being named as one of America’s 10 APA Great Neighborhoods. Tourism is a major component of its growing economy. Thousands of people from all over the country visit just to see the eccentric street grid, old houses, and try the many unique restaurants and retail stores in the area. This combination of history and modernity attracts a lot of new residents interested in buying and renting the area’s numerous newly-built homes and apartments. Despite the high number of tourists, Salem remains a peaceful place to live and retire. And then

Home Prices

AVERAGE
447,895 -3%
MEDIAN
419,050 -2%

Relative Price (per sqft.)

PRICE
300 +6%

Listings

ACTIVE
39 -51%
NEW
60 -25%

Market Duration

DAYS
12 -55%
Population 42,544 (5.10%)
House Size (sqft.) 1,305 (-12.71%)