Is Salem, NH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2022
Since last year, Salem has remained a Seller's Market.
Key Takeaway
Salem is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Salem, NH cost?
Median Sold Price
$500,000
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2022
-$55,000(-9.9%)
Key Takeaway
Homes in Salem have sold for 9.9% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Apr 2022 | Apr 2023 | % |
|---|---|---|---|
| 1 Bedroom | $157.5K | $250K | +58.7% |
| 2 Bedrooms | $415K | $415K | 0.0% |
| 3 Bedrooms | $562.5K | $485K | -13.8% |
| 4 Bedrooms | $617.5K | $649.9K | +5.2% |
| 5+ Bedrooms | $710K | $575K | -19.0% |
Median Sold Price Compared To Nearby Cities
| Methuen | $473.5K | $513.8K | +8.5% |
| Methuen Town | $473.4K | $513.6K | +8.5% |
| Salem | $555K | $500K | -9.9% |
How many homes are available in Salem, NH?
Number of Homes For Sale
| Mar 2023 | Apr 2023 | % |
|---|---|---|
| 13 | 19 | +46.2% |
Homes For Sale By Bedroom Count
| # BEDS | Mar 2023 | Apr 2023 | % |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 4 | 10 | +150.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Number of Homes Sold
| Mar 2023 | Apr 2023 | % |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Salem, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Salem are selling fast, if you're buying plan to act quickly.
© Copyright 2023 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.