How much do condos cost at 16 Franklin St?

In the past 12 months, 11 condos sold at 16 Franklin St (16 Franklin St, Salem) for a typical $1,150,000, or $737 per square foot. Sales ranged from $1,000,000 to $1,250,000.

How fast do condos sell at 16 Franklin St?

Units that sold in the past 12 months took a typical 5 days to get an accepted offer, and 55% sold for their first asking price or more. In Salem overall, it took 16 days.

What are the condo fees at 16 Franklin St?

The typical monthly condo fee at 16 Franklin St is $742, about $0.50 per square foot a month, based on the fees filed with its listings.

How many condos are for sale at 16 Franklin St right now?

3 units are for sale, asking from $1,000,000 to $1,199,000.

When was 16 Franklin St built, and how many units does it have?

16 Franklin St was built in 2025 and has 37 units, with homes up to the 5th floor, according to its listings.

Building report · Salem

16 Franklin St

Salem, MA 01970

11 condos sold at 16 Franklin St in the past 12 months, for a typical $1.15M, or $737 a square foot. That's 73% more per square foot than the typical condo in Salem. Right now, 3 are for sale.

2025 built
37 units
5 floors with homes
#30 in Greater Boston by condo sales

Unit 2302, for sale at $1,199,000. Listed by Mark M. Wade, Coldwell Banker Realty - Marblehead. MLS #73586241.

$1.15M: typical sale price, past 12 months
$737: per square foot
5 days: typical time to an accepted offer
55%: sold for asking or more
3: for sale now
$742: typical monthly condo fee

16 Franklin St sells for 73% more per square foot than Salem

Condo sales in the past 12 months: this building against all 260 condo sales in Salem.

Salem 16 Franklin St

Price per sq ft ($)427737 +73%
Days to an accepted offer165 −69%

Source: Verified market data; analysis by the Observer Markets Desk.

Show the numbers

	16 Franklin St	Salem
Typical price per sq ft	$737	$427
Typical days to an accepted offer	5	16
Sold for asking or more	55%	44%

For sale now3 units, 8.1% of the building

$1,199,000
Unit 2302, floor 3
2 bed · 2 bath · 1,455 sq ft
$824/sq ft · 37 days listed
Active · Condo · MLS #73586241
16 Franklin Street #2302, Salem, MA
Listed by Mark M. Wade, Coldwell Banker Realty - Marblehead
Virtual tour
$1,000,000
Unit 1302, floor 3
2 bed · 2 bath · 1,467 sq ft
$682/sq ft · 53 days listed · $727/mo fee
Active · Condo · MLS #73578980
16 Franklin Street #1302, Salem, MA
Listed by Merry Fox Team, MerryFox Realty
$1,000,000
Unit 1503, floor 5
3 bed · 2 bath · 1,506 sq ft
$664/sq ft · 84 days listed · $746/mo fee
Active · Condo · MLS #73564692
16 Franklin Street #1503, Salem, MA
Listed by Merry Fox Team, MerryFox Realty

Under agreement1 unit

$1,050,000
Unit 1502, floor 5
2 bed · 2 bath · 1,450 sq ft
$724/sq ft · 84 days listed · $720/mo fee
Under agreement · Condo · MLS #73564691
16 Franklin Street #1502, Salem, MA
Listed by Merry Fox Team, MerryFox Realty

What soldPast 12 months, newest first

Closed	Unit	Size	Price	$/sq ft	vs. first ask
Nov 5	Unit 2401MLS #73570035 · MerryFox Realty	3 bed, 1,567 sq ft	$1,100,000	$702	+0.0%
Sep 24	Unit 2203MLS #73575829 · MerryFox Realty	3 bed, 1,479 sq ft	$1,090,000	$737	−0.9%
Jul 24	Unit 2201MLS #73543983 · MerryFox Realty	3 bed, 1,579 sq ft	$1,000,000	$633	+0.0%
Jun 30	Unit 2303MLS #73516108 · MerryFox Realty	3 bed, 1,532 sq ft	$1,127,500	$736	−2.0%
Jun 29	Unit 2503MLS #73467805 · MerryFox Realty	3 bed, 1,495 sq ft	$1,187,500	$794	−3.1%
Jun 15	Unit 2403MLS #73493527 · MerryFox Realty	3 bed, 1,567 sq ft	$1,150,000	$734	+4.5%
Jun 12	Unit 1201MLS #73512752 · MerryFox Realty	3 bed, 1,574 sq ft	$1,150,000	$731	−4.2%
Jun 1	Unit 1301MLS #73517638 · MerryFox Realty	3 bed, 1,590 sq ft	$1,250,000	$786	+0.0%
Jun 1	Unit 1401MLS #73516790 · MerryFox Realty	3 bed, 1,574 sq ft	$1,250,000	$794	+0.0%
May 29	Unit 1501MLS #73517640 · MerryFox Realty	3 bed, 1,574 sq ft	$1,200,000	$762	−4.0%

Show all 11 sales

Closed	Unit	Size	Price	$/sq ft	vs. first ask
Mar 27	Unit 2202MLS #73480469 · MerryFox Realty	2 bed, 1,436 sq ft	$1,100,000	$766	+0.0%

Where it isWith nearby buildings we track

Questions people ask

How much do condos cost at 16 Franklin St?: In the past 12 months, 11 condos sold at 16 Franklin St (16 Franklin St, Salem) for a typical $1,150,000, or $737 per square foot. Sales ranged from $1,000,000 to $1,250,000.
How fast do condos sell at 16 Franklin St?: Units that sold in the past 12 months took a typical 5 days to get an accepted offer, and 55% sold for their first asking price or more. In Salem overall, it took 16 days.
What are the condo fees at 16 Franklin St?: The typical monthly condo fee at 16 Franklin St is $742, about $0.50 per square foot a month, based on the fees filed with its listings.
How many condos are for sale at 16 Franklin St right now?: 3 units are for sale, asking from $1,000,000 to $1,199,000.
When was 16 Franklin St built, and how many units does it have?: 16 Franklin St was built in 2025 and has 37 units, with homes up to the 5th floor, according to its listings.

About these numbers

Every figure on this page comes from verified market data for 16 Franklin St, Salem, refreshed November 8, 2026, and updates every morning. “Typical” means the median. Price per square foot uses the living area filed with each listing. Condo fees are monthly. Sales history in our data starts in late 2025.

Cite as: “16 Franklin St building report,” Boston Real Estate Observer, https://bostonrealestateobserver.com/buildings/salem/16-franklin-st/ (data as of November 8, 2026).

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Figures refresh every morning. This page was last updated November 8, 2026.