Salem Mid-Year 2021 Market Report

The median price of Single Family Homes (SFH) sold in the first half of 2021 (H1 2021) rose12.9% from $472,850 to $534,000, confirming the breakout above $500,000 in H2 2020.

Sales dropped from 93 to 80 – the lowest figure since 2014 – with all the reduction in Q1.

80% of SFHs sold above list price in H1 2021, with 45% of sales (vs 8% in H1 2020) at 110% or more of list. (against 3% in H1 2020)..

The median price of the condos sold increased 16.7% to $420,000 from $360,000 in H1 2020, while sales increased to 168 units.

Two-thirds of condos sold above list, with the share at 110% or more at 15%

Click on the link to read the full Team Harborside Salem Mid-Year 2021 Review

Marblehead Mid-Year 2021 Market Report
Swampscott Mid-Year 2021 Market Report
Beverly Mid-Year 2021 Market Report
Essex County Mid-Year 2021 Market Report

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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

Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated

“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
REALTOR® | Market Analyst |
Naples, Bonita Springs and Fort Myers
m. 617.834.8205