Market Intelligence Report — OH-400

Salem, OH

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

Ref. No: 2026-OH-09
As of the latest 2026 data
Stabilizing

Median Listing

$190K
+4.2% YoY

Pending Ratio

0.55
-16.6% YoY

Active Inventory

226
+11.6% YoY

Median DOM

53 Days
+1.9% YoY

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The market is stabilizing, with the median listing price showing a 4.2% year-over-year increase. The pending ratio stands at 0.55, indicating a balanced demand absorption relative to available supply.

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.

Inventory levels have expanded significantly, with active listings up 11.6% year-over-year and new listings increasing by 30.0% over the past year. Despite this growth in supply, the median listing price has maintained upward momentum, rising 4.2% year-over-year. However, the pending ratio has seen a notable contraction, falling 16.6% year-over-year, suggesting some moderation in the pace of 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+0.0% MoM

Active Inventory

226+11.6% YoY

Days on Market

53+1.9% YoY

Sold Score™

66-16.6% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

66
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 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

Negotiating leverage remains somewhat balanced, characterized by a steady pace of transactions reflected in a 0.55 pending ratio. While inventory levels have increased, they have not yet created significant downward pressure on prices, maintaining a degree of price discipline. The notable year-over-year decline in the pending ratio suggests a slight easing in the intensity of market absorption.

Luxury Segment

The average listing price increased by 6.3% year-over-year, while the median price increased by 4.2%. However, the median price per square foot declined by 3.0% year-over-year, indicating some softening in price efficiency, particularly at higher price points, although the median square footage remained relatively stable.

Supply Dynamics

226 active listings represent the current floor, with new supply arriving at roughly 104 per month.

Pricing Pressure
23.9%

of active listings carry a price reduction, +5.2% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -3.0% year-over-year.

Absorption
0.55

Pending-to-active ratio — Stabilizing.

Recommended For This Market

Stabilizing

Selling in Salem, OH? Inventory is up 12% from last year.

Salem, OH is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.

Buyer Demand Index
55%
Median Days on Market
53 days
Inventory YoY
+12%

Salem, OH is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.

Check my home's Sold Score →

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 Stabilizing. Pending ratio is 0.55 with median days on market at 53.

  • Are home prices dropping in Salem?+

    Median listing price is $190K, +4.2% year over year. 23.9% of active listings carry a price reduction.

  • How fast are homes selling in Salem?+

    The typical listing sits 53 days on market, a +1.9% change YoY. New listings are arriving at 104 per month.

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

    The average listing price increased by 6.3% year-over-year, while the median price increased by 4.2%. However, the median price per square foot declined by 3.0% year-over-year, indicating some softening in price efficiency, particularly at higher price points, although the median square footage remained relatively stable.

  • 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