New Salem, MA—01355
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Salem, MA
As of Oct '25, the median home price in New Salem, MA is $385,000, with a year-over-year change of -0.3%. This indicates that home prices in New Salem, MA are flat. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $385,000 | -0.3% |
| Single Family | $385,000 | -1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $401,000 | -0.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Salem, MA
New Salem, MA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — New Salem, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in New Salem, MA is 7. This is a decrease of -16.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $284,000 | -26.0% |
Listing Count | 1 | -64.0% |
| Listings as % of Homes | 0.2% | -64.0% |
Days on Market | 7 | -16.0% |
Demographics — New Salem, MA
As of the latest ACS Survey released in 2023, New Salem, MA has a population of 963, which has increased by 1.5% over the past 5 years. New Salem, MA is a moderately popular place for families, as children make up 15.1% of the population. The area has a moderately educated workforce, with 37.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 963 | 1.5% |
% Under 18 | 15.1% | -15.2% |
% Seniors | 21.9% | -3.1% |
% WFH | 19.7% | 194.0% |
% w/ College Degree | 37.1% | -13.5% |
As of the latest ACS Survey released in 2023, New Salem, MA is a predominantly white area, with 79.2% of the population identifying as white. The white population has shrunk by 15.4% in the last 5 years. The second most common race or ethnicity in New Salem, MA is hispanic, making up 2.8% of the population. Foreign-born residents account for 1.1% of the population in New Salem, MA, and this percentage has decreased by 56.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 79.2% | -15.4% |
% Black | 0.0% | N/A |
% Hispanic | 2.8% | 600.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.1% | -56.0% |
Mortgage and Risk — New Salem, MA
New Salem, MA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — New Salem, MA
New Salem, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 2.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,050 |
| 2 Bedroom | N/A | N/A | $1,380 |
| 3 Bedroom | N/A | N/A | $1,660 |
| 4 Bedroom | N/A | N/A | $1,860 |
Affordability — New Salem, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $385,000 |
| Median Household Income | $80,300 |