Why Live in Salem
Salem, a historic hamlet in Cambridge, NY, is nestled between the Green Mountains and the Adirondacks, just 3 miles from the Vermont border. This area is known for its rich history, art community, and agricultural roots, featuring covered bridges, 18th- and 19th-century buildings, and numerous family farms. Homes in Salem, primarily built around 1900, are traditional bi-level wood-frame structures with features like Italianate eaves and Victorian cornices. Many have been expanded and remodeled while maintaining their historical integrity. Salem is within 40 miles of major ski resorts like Bromley Mountain and Stratton Mountain, and the Battenkill River offers fishing, kayaking, and tubing opportunities. Local attractions include The Georgi on the Battenkill, a community park and museum, and the Historic Salem Courthouse, a prime example of Italianate Victorian architecture. The downtown area, centered around Main Street and Broadway, is home to restaurants like Jacko’s Corner Restaurant and On a Limb Catering and Bakery Company, as well as art spaces such as Rooted in Salem and the Fort Salem Theater. Salem Art Works, an artists' collective, features a sculpture park and various programs. The community celebrates events like the 4th of July Parade and the Salem Art Works Festival of Fire. While Salem Washington Academy serves local students, the area also faces practical challenges like occasional flooding and the need for nearby medical services, with Glens Falls Hospital 25 miles away.
Frequently Asked Questions
What is the average home price in Salem, NY?
Homes for sale in Salem, NY have an average home price of $251,802.
How many homes have sold over the last 12 months in Salem, NY?
34 homes have sold in Salem, NY over the last 12 months.
What are the most popular zip codes in Salem, NY?
How much do you need to make to afford a house in Salem?
The median home price in Salem is $222,222. If you put a 20% down payment of $44,400 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $1,160 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $50K a year to afford the median home price in Salem.
How are the schools in Salem, NY?
Home Trends in Salem, NY
On average, homes in Salem, NY sell after 70 days on the market compared to the national average of 50 days. The median sale price for homes in Salem, NY over the last 12 months is $210,750, up 5% from the median home sale price over the previous 12 months.
Median Sale Price
$210,750
Median Single Family Sale Price
$205,000
Average Price Per Sq Ft
$162
Number of Homes for Sale
7
Last 12 months Home Sales
34
Median List Price
$222,222
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
5%
