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Our Salem, MA real estate website provides a wealth of information for home buyers and home sellers. Below, you will find information on the history and culture of Salem as well as links to more detailed information such as demographics and schools. You may view a virtual tour, search homes for sale, and access information on different types of properties such as condos, farms, foreclosures, and vacation homes. This website will give you everything you need to buy or sell a home in Salem, MA.
Virtual Homes is a full-service residential real estate company dedicated to providing a wealth of real estate and local community information to home buyers and home sellers. Our agents are ready to assist you with all of your real estate needs.
Salem MA Community Profile & History
Salem, Massachusetts is one of the oldest and most storied towns in the state. Founded at the mouth of the Naumkeag River in 1626, Salem originally encompassed most of present-day Danvers, Beverly and Peabody. By 1790, it was the sixth largest city in the country, and a world famous seaport—particularly in the China trade. Codfish was exported to the West Indies and Europe. Sugar and molasses were imported from the West Indies, tea from China, and pepper from Sumatra.
Prosperity would leave the city with a wealth of fine architecture, including Federal style mansions designed by Samuel McIntire, for whom the city's largest historic district is named.
Today, the city is perhaps best known as the site of the infamous Salem Witchcraft Trials of 1692. Though the hearings led to more than 150 convictions and 29 executions, the attention garnered by this peculiar incident left the city with a formidable cultural legacy. Forever shrouded in the myths and legends of America's early days, the community offers a wealth of architectural treasures, a wide variety of museums and a sparkling literary heritage.
In addition to its many fine historical and cultural attractions, the city is home to Salem State College, the North Shore Medical Center, the Essex County District Superior and Probate Courts, and Registry of Deeds, the world-famous Peabody and Essex Museum, and a host of banks and other financial institutions. It is the educational, medical, legal, cultural and banking hub of the North Shore.
Salem, MA Real Estate Market Statistics
The following information was extracted from the state-wide MLS system and its accuracy is not guranteed.
Salem Single Family Home Sales Trends:
| Year Days on Market #Sold Average Price Lowest Price Median Price Highest Price |
2006 100 180 $337117 $145000 $325000 $1075000 |
2007 108 166 $327531 $145000 $310000 $862500 |
2008 139 150 $315803 $107500 $298000 $850000 |
2009 112 184 $298397 $70000 $283750 $870000 |
Average Selling Price of Single Family Homes in Salem
| 2006 |  $337117 | |
| 2007 | $327531 | |
| 2008 | $315803 | |
| 2009 | $298397 |
Salem Condominum Sales Trends:
| Year Days on Market #Sold Average Price Lowest Price Median Price Highest Price |
2006 122 336 $283978 $111000 $265500 $829000 |
2007 145 288 $266648 $99900 $250000 $900000 |
2008 157 257 $247931 $28000 $240000 $625000 |
2009 124 260 $224988 $25000 $225000 $470000 |
Average Selling Price of Condominiums in Salem
| 2006 | $283978 | |
| 2007 | $266648 | |
| 2008 | $247931 | |
| 2009 | $224988 |
Regional Market Reports
MA Real Estate Market Report – First Quarter 2010
Salem Massachusetts Community Information
Salem Community Demographics and Local Resources
Request a Market Analysis on a Home in Salem
Salem Schools
Salem Area Newspaper
Salem MA Real Estate Information
Condominium Information
Farm Properties
Foreclosures and Short Sales
Land for Sale in Salem
All Homes for Sale in Salem
Retirement Homes and Adult Living Communities
Vacation Homes
Home Buyer Information
Adjustable Rate Mortgages
Buyer Agency
Home Buyer's Real Estate Guide
Real Estate Home Inspection
Home Mortgage Insurance
How to Buy Your First Home
HUD Homes
Low Down Payments
Home Seller Information
Fixing Up Your Home
For Sale By Owner
Home Seller's Real Estate Guide
Maximizing the Sale of Your Real Estate
What to Ask Your Real Estate Agent