Is Salisbury, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Salisbury has remained a Seller's Market.
Key Takeaway
Salisbury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Salisbury, MA
How much do homes in Salisbury, MA cost?
Median Sold Price
$599,900
$356/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Salisbury have sold for 17.3% more than they did a year ago.
Summary: The median home sold price in Salisbury was $599,900 in May 2024, up 17.3% from last year, and the median price per square foot was $356.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $253K | $271K | +7.1% |
| 2 Bedrooms | $445K | $510K | +14.6% |
| 3 Bedrooms | $516K | $602.5K | +16.8% |
| 4 Bedrooms | $587.5K | $704.9K | +20.0% |
| 5+ Bedrooms | $785K | $795.6K | +1.4% |
Summary: Salisbury housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Salisbury | $511.2K | $599.9K | +17.3% |
| Newburyport | $759.9K | $809.2K | +6.5% |
| Amesbury | $538.3K | $567.5K | +5.4% |
| Amesbury Town | $538.3K | $567.5K | +5.4% |
Housing Supply in Salisbury, MA
How many homes are available in Salisbury, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 40 | +66.7% |
Summary: The Salisbury real estate market had 40 homes for sale in May 2024, a 66.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 9 | 12 | +33.3% |
| 3 Bedrooms | 5 | 11 | +120.0% |
| 4 Bedrooms | 2 | 6 | +200.0% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Salisbury housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 120%, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 9 | +800.0% |
Asking Price vs. Sold Price
3 Homes Were 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. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Salisbury in May 2024, up by 800.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 64 Days | 22 Days | -65.6% |
Summary: Homes in Salisbury had an average of 22 days on market in May 2024, down by 65.6% compared to last year.
Breakdown of Home Sale Times
7 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 May 2024, 9 homes were sold in Salisbury; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
© Copyright 2024 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.