Is Salisbury, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Salisbury was a Seller's Market.
Key Takeaway
Salisbury is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Salisbury, MA
How much do homes in Salisbury, MA cost?
Median Sold Price
$591,000
$359/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Salisbury have sold for 14.1% more than they did a year ago.
Summary: The median home sold price in Salisbury was $591,000 in June 2024, up 14.1% from last year, and the median price per square foot was $359.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $253K | $271K | +7.1% |
| 2 Bedrooms | $442.5K | $469K | +6.0% |
| 3 Bedrooms | $516K | $605K | +17.2% |
| 4 Bedrooms | $642.5K | $710K | +10.5% |
| 5+ Bedrooms | $792.5K | $785.3K | -0.9% |
Summary: Salisbury housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Salisbury | $518K | $591K | +14.1% |
| Newburyport | $759.9K | $825K | +8.6% |
| Amesbury | $558.3K | $555K | -0.6% |
| Amesbury Town | $558.3K | $555K | -0.6% |
Housing Supply in Salisbury, MA
How many homes are available in Salisbury, MA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 34 | 53 | +55.9% |
Summary: The Salisbury real estate market had 53 homes for sale in June 2024, a 55.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 4 | +300.0% |
| 2 Bedrooms | 14 | 12 | -14.3% |
| 3 Bedrooms | 10 | 15 | +50.0% |
| 4 Bedrooms | 5 | 12 | +140.0% |
| 5+ Bedrooms | 4 | 10 | +150.0% |
Summary: The Salisbury housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 140%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Salisbury, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Salisbury in June 2024, down by 22.2% month-over-month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for Salisbury, MA
How long does it take to sell a home in Salisbury, MA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 34 Days | 25 Days | -26.0% |
Summary: Homes in Salisbury had an average of 25 days on market in Jun 2024, down by 26% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Salisbury are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 7 homes were sold in Salisbury; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
