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.
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
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
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
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.