Please wait ...
Due to Salem’s steadily rising popularity, the housing market is thriving. House hunters, homebuyers, and real estate investors are regular guests in town. Consequently, prices have also increased. For this reason, selling your home in Salem might be a lucrative business venture. And enter experienced local real estate agents in Salem MA! They know what a home sale in Salem implies. Undertaking this journey alone will expose you to stress, frustration, and the loss of potential buyers. However, you can successfully dodge these bullets by working with top-rated local realtors in Salem MA. Skilled local real estate agents in Salem MA will manage your house sale professionally. In the meantime, you can lean back carefree and expect the best outcome! You can’t go wrong with gung-ho local realtors in Salem MA!
As we mentioned earlier, Salem’s housing market is upsurging. The post-pandemic period increased the number of home sales, and now the market is very competitive. Licensed local real estate agents in Salem MA stated that the median property sale price was about $535,000 as of September 2022, indicating a seven percent increase since 2021. Did you know that Salem’s home prices are still more affordable than the Massachusetts average by about seven percent? You can also rent a Salem apartment for approximately two percent less than the state average. Still, local homes for sale are slightly pricier than the national average.
Professional local realtors in Salem MA also reported that, apparently, property sellers enjoy the upper hand in transactions. For starters, homes sell after only 22 days on average. Secondly, properties receive multiple offers. So, you can have real chances to sell your home at the list price or even above it.
Salem is a significant economic player in the Boston-Cambridge-Newton Metro Area.
As of late 2021, the unemployment rate in Salem was seven percent, slightly above the six percent national average. Nevertheless, the job market is rising and, with a 36-percent increase, will undoubtedly exceed the US average of 33.5 percent. Furthermore, a Salem resident’s average annual income of about $32,000 (2021 statistics) also surpassed Regular Joe’s income of $28,500. The median annual income of $60,000 means you will likely find a well-paying job.
Before settling in Salem, you must also know that the cost of living is higher than the American median by approximately 25 percent. Still, it equals the Massachusetts average.
Local realtors in Salem MA will inform you that the most notable top employers are the following: North Shore Medical Center, Salem Five, Peabody Essex Museum, Holyoke Mutual Insurance Co., and Salem State University.
Salem faced its past sins and now embraces its revised cultural and historical legacy. One of the trendiest venues to explore the tumultuous witch-hunt period is the Satanic Temple or the Witch Dungeon Museum. Experience re-enacted trials with mannequins’ playing the jury.’ Also, the dungeon makes for the perfect Halloween setting featuring plenty of scary surprises.
Undeniably, the House of Seven Gables has become one of Salem’s most renowned “household staples,” partially due to Hawthorne’s famous 1851 novel. Today, the house hosts a museum that recaptured the magic and authenticity of colonial New England.
However, Salem can also be a fun place. Visit Salem Willows Arcade with mesmerizing waterfront views. In the favorite park of local real estate agents in Salem MA, you can have a picnic, enjoy delicious food, or get on a wild roller coaster ride! Additionally, you can embark on the adventure of a lifetime on the 600-acre Breakheart Reservation! You can bike, hike, swim there, and fish in the Saugus River!
Salem is an up-and-coming, cozy, mid-sized US city and a flourishing Boston suburb. Our charming city features outstanding architecture and environment. Did you know that it obtained an excellent 72 percent livability score? Salem’s positive feedback reflects its proud residents’ satisfaction with the local economy and financial opportunities. Living in Salem will give you access to numerous perks, for example, affordable housing, five-star nightlife, and diversity. Other significant advantages of moving to Salem are the excellent summer weather and the great restaurants.
Established local real estate agents in Salem MA will subscribe to the idea that the place is ideal for families. Locals believe there’s much room for improvement in public schools. However, you can still find excellent local institutions, such as Marblehead Veterans Middle School and Marblehead High School. Then, Salem is perfect for commuters to Boston because the public transportation is well-managed and punctual.
On the downside, local crime rates are slightly higher than the US average. Besides, be prepared for a relatively higher cost of living.
Please reach out to reliable local real estate agents in Salem, Massachusetts, if you require further information on this fantastic city!