What is the price per square foot in Downtown, Salem?

Condos: $495 (most sold between $434 and $567); Single-family: $409 (most sold between $407 and $418); Multi-family: $319 (most sold between $268 and $379). Past 12 months, verified market data.

How fast do homes sell in Downtown?

Condos: a median 30 days to an accepted offer (21 sales); Single-family: a median 5 days to an accepted offer (5 sales); Multi-family: a median 9 days to an accepted offer (4 sales).

Salem · neighborhood report

Downtown

21 condos sold here in the past 12 months for a typical $500,000, or $495 a square foot.

By the Observer Neighborhoods Desk · Verified market data, updated November 10, 2026

$500K: typical condo sale price, past 12 months
$495: per square foot
30 days: typical time to an accepted offer

Key factsAs of November 10, 2026

As of November 10, 2026, 21 condos sold in Downtown, Salem in the past 12 months, for a typical $500,000 ($495 per square foot).
That is 15% more per square foot than condos across Salem ($429).
Condos in Downtown took a typical 30 days to get an accepted offer (Salem overall: 16), and 29% sold at or above the first asking price.
27% of the 11 homes for sale in Downtown have cut their asking price.

Cite as: “Downtown, Salem neighborhood report,” Boston Real Estate Observer, https://bostonrealestateobserver.com/towns/salem/downtown/ (verified market data as of November 10, 2026).

Observer Condo Index, October 2026: 101.5. Greater Boston condos sold for a typical $601 a square foot over the last three months. Downtown condos: $495 a square foot over the past 12 months, 18% less.

By type of homePast 12 months

Type	Sales	Typical price	Per sq ft	Middle half, per sq ft	Days to offer	At or above asking
Condos	21	$500K	$495	$434–$567	30	29%
Single-family	5	$749K	$409	$407–$418	5	40%
Multi-family	4	$725K	$319	$268–$379	9	0%

Questions people ask

What is the price per square foot in Downtown, Salem?: Condos: $495 (most sold between $434 and $567); Single-family: $409 (most sold between $407 and $418); Multi-family: $319 (most sold between $268 and $379). Past 12 months, verified market data.
How fast do homes sell in Downtown?: Condos: a median 30 days to an accepted offer (21 sales); Single-family: a median 5 days to an accepted offer (5 sales); Multi-family: a median 9 days to an accepted offer (4 sales).

Other neighborhoods in Salem

Salem overall

Price check a listing here: is it priced right?

Agents and brokers who work in Downtown: get quoted in our coverage.

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 10, 2026.

Downtown

Key factsAs of November 10, 2026

By type of homePast 12 months

More on Downtown

Busiest condo buildings

Stories

Questions people ask

Other neighborhoods in Salem

Key factsAs of November 10, 2026

By type of homePast 12 months

More on Downtown

Busiest condo buildings

Stories

Questions people ask

Other neighborhoods in Salem

What changes in Salem, in your inbox every Tuesday. Free.