2024 SALEM, NH Year in review
Real Estate Market Recap

For all property types combined:

  • Home Sales: Increased by 2.2% – 322 sales in 2023 to 329 in 2024
  • Average Prices: Increased by 4.3% – $604,177 in 2023 to $629,880 in 2024
  • Number of Homes Listed: Increased by 8.8% – 342 in 2023 to 372 in 2024
  • Number of Pending Sales: Increased by 4.8% – 355 in 2023 to 372 in 2024
Learn More About the Salem, NH Community

2024 Salem, NH Housing Market Outlook

In 2024, the Salem real estate market fought hard to beat 2023 and exhibited slightly higher sales and higher prices, reflecting national trends driven by strong demand and limited inventory. Many sellers were hesitant to list due to low pre-pandemic mortgage rates, but market activity picked up as a result of necessity and life changes, making competitive pricing becoming crucial. Buyers remained motivated despite affordability challenges from rising rates and home prices. Those looking to purchase must stay proactive and well-prepared to act quickly when the right opportunity arises.

The market began as a seller’s market but gradually shifted toward buyers, with a surge in activity later in the year and expectations for a rebound in 2025. Despite increasing costs, homeownership remained appealing, offering benefits like fixed payments, equity growth, and tax advantages, reinforcing its long-term value over renting. As Anthony shared in his 2025 Predictions, “I believe 2025 will mark the beginning of this recovery, with 2026 poised to be a historic year for the industry as sales normalize.”

For a deeper dive into New Hampshire’s performance, click here to read the 2024 New Hampshire Year in Review.

Data provided by PrimeMLS and compared to the prior year.

Additional Resources