Salem Q1 2021 Housing Market Review

1. The median price of Single Family Homes (SFH) sold in Q1 2021 increased 14.4% to $527,410, only the second time a Quarterly price has exceeded $500,000.
2. The median price of the Condos sold increased 11.7% to $405,000, breaking $400,000 for the first time, although the median price in the second half of 2020 was close – $395,000.
3. Sales of SFH were sharply lower at 30 vs 42 and compared with a 5-year average of 37. Condo sales increased to 74 from 68, slightly above the 5-year average of 70.
4. 70% of both SFHs and Condos sold in Q1 2021 received an accepted offer in 15 days or less.

Salem Housing Market

For a more detailed report on the market in Q1 go to Team Harborside’s website and read: Salem Q1 Market Review

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Andrew Oliver
Market Analyst | Team Harborside |
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205

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“If you’re interested in Marblehead, you have to visit the blog of Mr. Andrew Oliver, author and curator of He’s assembled the most comprehensive analysis of Essex County we know of with market data and trends going back decades. It’s a great starting point for those looking in the towns of Marblehead, Salem, Beverly, Lynn and Swampscott.”

Andrew Oliver
Sales Associate | Market Analyst |
Naples, Bonita Springs and Fort Myers
m. 617.834.8205