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Take a virtual tour of Salem (MA) including local real estate, landmarks and schools.

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 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 MA
Retirement Homes and Adult Living Communities
Vacation Homes

Real Estate Industry News

Different financing alternatives are available depending on whether you are purchasing a single family, condo, multi-family, or investment property. Understanding the pros and cons of each may help you decide which option is the best for you. Speak to our buyer agent professionals and mortgage partners to understand and evaluate your options.

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
2010
112
122
$312884
$74000
$290750
$1138500

Average Selling Price of Single Family Homes in Salem

2006 $337117
2007 $327531
2008 $315803
2009 $298397
2010 $312884

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
2010
138
239
$229681
$28500
$225000
$710000

Average Selling Price of Condominiums in Salem

2006 $283978
2007 $266648
2008 $247931
2009 $224988
2010 $229681
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Last Updated: 2/3/2012
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