Market Intelligence Report — OH-400

Salem, OH

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-OH-08
As of the latest 2026 data
Accelerated

Median Listing

$190K
+2.1% YoY

Pending Ratio

0.70
+3.6% YoY

Active Inventory

201
+0.5% YoY

Median DOM

51 Days
+11.0% YoY

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The Salem market is currently in an Accelerated condition, characterized by a pending ratio of 0.70, indicating robust demand absorption relative to available inventory. This marks a 3.6 percentage point increase in the pending ratio year-over-year, reinforcing the elevated pace of transactions.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Salem market right now.

Active listings have remained largely stable, with a modest 0.5% increase year-over-year, while new listings have contracted significantly by 17.2% over the same period. Despite a 10.6% month-over-month decline, the median listing price has demonstrated resilience with a 2.1% year-over-year gain. The median days on market increased by 11.0% year-over-year, yet pending listings indicate ongoing demand.

Amy McLeod
Keller Williams Realty

Local pricing and inventory dynamics across Salem shift block by block — happy to walk through what's actually closing.

Historical Analysis

Market Trends

Median Price

$190K-10.6% MoM

Active Inventory

201+0.5% YoY

Days on Market

51+11.0% YoY

Sold Score™

75+3.6% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

75
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The elevated pending ratio of 0.70 suggests that buyers face a relatively competitive environment, with demand quickly absorbing available supply. This market dynamic implies limited negotiation leverage for buyers, as the rapid pace of transactions places pressure on price discipline. Reduced new listing volume further constrains options, contributing to a quicker sales cycle.

Luxury Segment

While the overall median listing price shows a year-over-year increase, the median price per square foot has registered a modest 1.8% decline over the past year. However, with the average listing price growing by 4.6% year-over-year and the median price per square foot declining by a limited margin, there is no distinct signal of softness specifically within the luxury segment in this dataset.

Supply Dynamics

201 active listings represent the current floor, with new supply arriving at roughly 96 per month.

Pricing Pressure
19.9%

of active listings carry a price reduction, +1.5% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -1.8% year-over-year.

Absorption
0.70

Pending-to-active ratio — Accelerated.

Recommended For This Market

Accelerated

Selling in Salem, OH? Homes here are taking 5 days longer to sell than last year.

Demand in Salem, OH is outpacing supply. Well-prepared listings are still clearing quickly — pricing to the current pace matters more than waiting.

Buyer Demand Index
70%
Median Days on Market
51 days
Inventory YoY
+1%

Demand is strong in Salem, OH. Check your Sold Score before you price — conditions this favorable don't hold forever.

See how fast my home should sell

Talk to a local listing expert covering Salem, OH.

Amy McLeod

Keller Williams Realty

How these recommendations are chosen →

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Metro Demographics

Metro Area
Salem, OH
CBSA Code
41400
State
OH

ZIPs in Salem, OH

Sorted by active inventory · click a ZIP for its full report

Vetted Local Practitioners

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Analysis FAQ
  • What is the current market condition in Salem?+

    As of the latest 2026 data, the Salem metro is classified as Accelerated. Pending ratio is 0.70 with median days on market at 51.

  • Are home prices dropping in Salem?+

    Median listing price is $190K, +2.1% year over year. 19.9% of active listings carry a price reduction.

  • How fast are homes selling in Salem?+

    The typical listing sits 51 days on market, a +11.0% change YoY. New listings are arriving at 96 per month.

  • What's happening in the Salem luxury market?+

    While the overall median listing price shows a year-over-year increase, the median price per square foot has registered a modest 1.8% decline over the past year. However, with the average listing price growing by 4.6% year-over-year and the median price per square foot declining by a limited margin, there is no distinct signal of softness specifically within the luxury segment in this dataset.

  • Where can I find a trusted Salem real estate expert?+

    Primpted maintains a vetted registry of Salem agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 41400 · 36mo history