Salem Mortgage Rates
30 Year Fixed Rate mortgages in Salem averaged
6.01%
for the week of 2022-06-23, compared to the national average of
5.81% for the same period.
The average rate for the prior week (2022-06-16) was
5.88% and
one month ago for the week of 2022-05-19, the
average rate was 5.65%.
Salem's average rate one year ago was 3.23%.
For refis of the same type during the week of 2022-06-23, the average rate
was 6.03%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2022-06-23 | 5.81% |
| Salem 30 Year Fixed Rate | 2022-06-23 | 6.01% |
| Salem 30 Year Fixed Rate Refi | 2022-06-23 | 6.03% |
| Salem 15 Year Fixed Rate | 2022-06-23 | 5.52% |
| Salem 15 Year Fixed Rate Refi | 2022-06-23 | 5.21% |
| Salem 30 Year FHA | 2022-06-23 | 0% |
| Salem 30 Year FHA Refi | 2022-06-23 | 0.31% |
| Salem 30 Year USDA | 2022-06-23 | 0.12% |
| Salem 30 Year USDA Refi | 2022-06-23 | 0.37% |
| Salem 30 Year VA | 2022-06-23 | 0.59% |
| Salem 30 Year VA Refi | 2022-06-23 | -0.08% |
Salem Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the Salem, OH market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Salem, OH's 103 lenders originated 3,177
loans during 2021. The total origination value was $426,495,000, with an average loan value of
$134,245.
The top Salem lender as defined by loan originations is The Huntington National Bank, with
109 loans originated. Their average total fees are
$3,399, which is $1,607
higher than the next largest lender,
HANCOCK COUNTY SAVINGS BANK, FSB, INC..
The lowest fee Salem lenders (with over 10 loans originated) are
HANCOCK COUNTY SAVINGS BANK, FSB, INC. ($1,791), KeyBank ($2,477), WEST PENN FINANCIAL SERVICE CENTER, INC. ($2,889), JPMorgan Chase Bank ($3,037) and First Commonwealth Bank ($3,039).
The lowest rate Salem lenders (with over 10 loans originated) are
AMERISAVE MORTGAGE CORPORATION (2.98%), PNC Bank (3.01%), HOWARD HANNA FINANCIAL SERVICES, INC. (3.10%), Citizens Bank (3.11%) and WEST PENN FINANCIAL SERVICE CENTER, INC. (3.11%).
Salem, OH Lender Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
|---|---|---|---|---|
| The Huntington National Bank | $57,010,000 | $53,380,000 | -6.4% | 12.5% |
| QUICKEN LOANS, LLC | $29,655,000 | $44,840,000 | 51.2% | 10.5% |
| First Federal Bank of the Midwest | $33,845,000 | $30,095,000 | -11.1% | 7.1% |
| The Farmers National Bank of Canfield | $34,575,000 | $22,430,000 | -35.1% | 5.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $18,990,000 | $19,645,000 | 3.4% | 4.6% |
| HANCOCK COUNTY SAVINGS BANK, FSB, INC. | $19,545,000 | $18,635,000 | -4.7% | 4.4% |
| JPMorgan Chase Bank | $7,430,000 | $11,345,000 | 52.7% | 2.7% |
| First Commonwealth Bank | $3,805,000 | $9,810,000 | 157.8% | 2.3% |
| AMERIFIRST FINANCIAL CORPORATION | $9,540,000 | $8,780,000 | -8.0% | 2.1% |
| FREEDOM MORTGAGE CORPORATION | $8,980,000 | $8,580,000 | -4.5% | 2.0% |
| Waterstone Mortgage Corporation | $3,810,000 | $8,145,000 | 113.8% | 1.9% |
| Seven Seventeen Credit Union | $6,640,000 | $8,035,000 | 21.0% | 1.9% |
| KeyBank | $4,335,000 | $6,845,000 | 57.9% | 1.6% |
| Mortgage Research Center, LLC | $5,260,000 | $6,760,000 | 28.5% | 1.6% |
| Consumers National Bank | $4,695,000 | $6,535,000 | 39.2% | 1.5% |
| Citizens Bank | $6,565,000 | $6,425,000 | -2.1% | 1.5% |
| LOANDEPOT.COM, LLC | $2,630,000 | $6,225,000 | 136.7% | 1.5% |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $2,585,000 | $5,935,000 | 129.6% | 1.4% |
| Wayne Savings Community Bank | $65,000 | $5,425,000 | 8,246.2% | 1.3% |
| PNC Bank | $6,500,000 | $5,420,000 | -16.6% | 1.3% |
| HOMESIDE FINANCIAL, LLC | $575,000 | $5,060,000 | 780.0% | 1.2% |
| AMERISAVE MORTGAGE CORPORATION | $1,015,000 | $4,765,000 | 369.5% | 1.1% |
| Farm Credit Mid-America, ACA | $3,760,000 | $4,435,000 | 18.0% | 1.0% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,400,000 | $4,295,000 | 79.0% | 1.0% |
| Wells Fargo Bank | $2,690,000 | $3,790,000 | 40.9% | 0.9% |
| LAKEVIEW LOAN SERVICING, LLC | $1,240,000 | $3,700,000 | 198.4% | 0.9% |
| PENNYMAC LOAN SERVICES, LLC | $790,000 | $3,610,000 | 357.0% | 0.8% |
| NEWREZ LLC | $925,000 | $3,535,000 | 282.2% | 0.8% |
| NAVY FEDERAL CREDIT UNION | $1,860,000 | $3,270,000 | 75.8% | 0.8% |
| Ixonia Bank | $2,190,000 | $2,980,000 | 36.1% | 0.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $2,395,000 | $2,895,000 | 20.9% | 0.7% |
| Merchants Bank of Indiana | $2,625,000 | $2,830,000 | 7.8% | 0.7% |
| The Cortland Savings and Banking Company | $2,375,000 | $2,815,000 | 18.5% | 0.7% |
| CALIBER HOME LOANS, INC. | $2,985,000 | $2,525,000 | -15.4% | 0.6% |
| WEST PENN FINANCIAL SERVICE CENTER, INC. | $3,040,000 | $2,520,000 | -17.1% | 0.6% |
| Nations Lending Corporation | $955,000 | $2,505,000 | 162.3% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,900,000 | $2,395,000 | 26.1% | 0.6% |
| BROKER SOLUTIONS, INC. | $535,000 | $2,300,000 | 329.9% | 0.5% |
| U.S. Bank | $3,345,000 | $2,280,000 | -31.8% | 0.5% |
| POLARIS HOME FUNDING CORP. | $1,240,000 | $2,055,000 | 65.7% | 0.5% |
| Carrington Mortgage Services, LLC | $1,430,000 | $1,895,000 | 32.5% | 0.4% |
| RUOFF MORTGAGE COMPANY, INC. | $2,035,000 | $1,890,000 | -7.1% | 0.4% |
| UNION HOME MORTGAGE CORP. | $6,085,000 | $1,875,000 | -69.2% | 0.4% |
| GUARANTEED RATE, INC. | $1,330,000 | $1,830,000 | 37.6% | 0.4% |
| RAPID MORTGAGE COMPANY | $2,775,000 | $1,795,000 | -35.3% | 0.4% |
| LIBERTY HOME MORTGAGE CORPORATION | $730,000 | $1,770,000 | 142.5% | 0.4% |
| WesBanco Bank, Inc. | $5,340,000 | $1,750,000 | -67.2% | 0.4% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,095,000 | $1,680,000 | 53.4% | 0.4% |
| VILLAGE CAPITAL & INVESTMENT LLC | $1,200,000 | $1,590,000 | 32.5% | 0.4% |
| First Federal Savings and Loan Association of Lakewood | $640,000 | $1,580,000 | 146.9% | 0.4% |
| FIRST OHIO HOME FINANCE, INC. | $1,060,000 | $1,565,000 | 47.6% | 0.4% |
| BETTER MORTGAGE CORPORATION | $250,000 | $1,505,000 | 502.0% | 0.4% |
| Victorian Finance, LLC | $1,260,000 | $1,455,000 | 15.5% | 0.3% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $1,760,000 | $1,400,000 | -20.5% | 0.3% |
| First National Bank of Pennsylvania | $9,785,000 | $1,350,000 | -86.2% | 0.3% |
| NEW DAY FINANCIAL, LLC | $1,230,000 | $1,340,000 | 8.9% | 0.3% |
| EQUITY RESOURCES, INC. | $1,785,000 | $1,280,000 | -28.3% | 0.3% |
| First Guaranty Mortgage Corporation | $375,000 | $1,245,000 | 232.0% | 0.3% |
| USAA Federal Savings Bank | $1,755,000 | $1,190,000 | -32.2% | 0.3% |
| SUN WEST MORTGAGE COMPANY, INC. | $120,000 | $1,180,000 | 883.3% | 0.3% |
| Third Federal Savings and Loan Association of Cleveland | $1,285,000 | $1,180,000 | -8.2% | 0.3% |
| Clearview Federal Credit Union | $1,360,000 | $1,160,000 | -14.7% | 0.3% |
| ROYAL UNITED MORTGAGE LLC | $1,730,000 | $1,100,000 | -36.4% | 0.3% |
| Ally Bank | $135,000 | $890,000 | 559.3% | 0.2% |
| Cf Bank | $525,000 | $820,000 | 56.2% | 0.2% |
| RiverHills Bank | $115,000 | $805,000 | 600.0% | 0.2% |
| HOME POINT FINANCIAL CORPORATION | $595,000 | $800,000 | 34.5% | 0.2% |
| SIGNATURE MORTGAGE CORPORATION | $1,350,000 | $785,000 | -41.9% | 0.2% |
| Fifth Third Bank | $1,500,000 | $765,000 | -49.0% | 0.2% |
| CELEBRITY HOME LOANS, LLC | $750,000 | n/a | 0.2% | |
| The Federal Savings Bank | $765,000 | $745,000 | -2.6% | 0.2% |
| Manufacturers and Traders Trust Company | $725,000 | n/a | 0.2% | |
| T2 FINANCIAL LLC | $420,000 | $690,000 | 64.3% | 0.2% |
| United Bank | $680,000 | n/a | 0.2% | |
| MORIA DEVELOPMENT, INC. | $735,000 | $650,000 | -11.6% | 0.2% |
| CANTON SCHOOL EMPLOYEES | $640,000 | n/a | 0.2% | |
| TOP FLITE FINANCIAL, INC. | $1,405,000 | $610,000 | -56.6% | 0.1% |
| DAS Acquisition Company, LLC | $590,000 | n/a | 0.1% | |
| First Internet Bank of Indiana | $550,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $160,000 | $540,000 | 237.5% | 0.1% |
| AMERICAN FINANCING CORPORATION | $520,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $485,000 | $505,000 | 4.1% | 0.1% |
| Strong Home Mortgage, LLC | $500,000 | n/a | 0.1% | |
| Portage Community Bank | $495,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $610,000 | $490,000 | -19.7% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $475,000 | n/a | 0.1% | |
| HALLMARK HOME MORTGAGE, LLC | $460,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $440,000 | n/a | 0.1% | |
| JLB CORPORATION | $410,000 | n/a | 0.1% | |
| EVANSVILLE TEACHERS | $95,000 | $400,000 | 321.1% | 0.1% |
| PLANET HOME LENDING, LLC | $385,000 | n/a | 0.1% | |
| NATIONS DIRECT MORTGAGE, LLC | $375,000 | n/a | 0.1% | |
| 21ST MORTGAGE CORPORATION | $100,000 | $370,000 | 270.0% | 0.1% |
| Bank of England | $260,000 | $365,000 | 40.4% | 0.1% |
| Colonial Savings, F.A. | $365,000 | n/a | 0.1% | |
| Low VA Rates, LLC | $425,000 | $365,000 | -14.1% | 0.1% |
| The Commercial and Savings Bank of Millersburg Ohio | $365,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $565,000 | $360,000 | -36.3% | 0.1% |
| Meridian Bank Corporation | $355,000 | n/a | 0.1% | |
| FIRST CHOICE AMERICA COMMUNITY FEDERAL CREDIT UNION | $205,000 | $350,000 | 70.7% | 0.1% |
| 1ST SIGNATURE LENDING, LLC | $35,000 | $340,000 | 871.4% | 0.1% |
| Bank of America | $115,000 | $340,000 | 195.7% | 0.1% |
| Flagstar Bank, FSB | $960,000 | $335,000 | -65.1% | 0.1% |
| KS StateBank | $335,000 | n/a | 0.1% | |
| NFM, INC. | $335,000 | n/a | 0.1% | |
| North American Savings Bank, F.S.B. | $335,000 | n/a | 0.1% | |
| MYCUMORTGAGE, LLC | $295,000 | $330,000 | 11.9% | 0.1% |
| Liberty National Bank | $315,000 | n/a | 0.1% | |
| Republic State Mortgage Co. | $135,000 | $310,000 | 129.6% | 0.1% |
| City National Bank of West Virginia | $295,000 | n/a | 0.1% | |
| RESIDENTIAL MORTGAGE SERVICES, INC. | $115,000 | $290,000 | 152.2% | 0.1% |
| Centra Credit Union | $275,000 | n/a | 0.1% | |
| Lakeview Community Capital, LLC | $275,000 | n/a | 0.1% | |
| SOFI LENDING CORP. | $195,000 | $275,000 | 41.0% | 0.1% |
| The Union Bank Company | $275,000 | n/a | 0.1% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,805,000 | $275,000 | -84.8% | 0.1% |
| Community Bank | $445,000 | $265,000 | -40.4% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $180,000 | $265,000 | 47.2% | 0.1% |
| MICHIGAN MUTUAL, INC. | $585,000 | $260,000 | -55.6% | 0.1% |
| The Park National Bank | $655,000 | $260,000 | -60.3% | 0.1% |
| Dollar Bank, Federal Savings Bank | $275,000 | $245,000 | -10.9% | 0.1% |
| AMCAP MORTGAGE, LTD. | $240,000 | n/a | 0.1% | |
| SOMERSET TRUST COMPANY | $240,000 | n/a | 0.1% | |
| BNC National Bank | $235,000 | n/a | 0.1% | |
| TCF National Bank | $540,000 | $235,000 | -56.5% | 0.1% |
| PHH Mortgage Corporation | $415,000 | $230,000 | -44.6% | 0.1% |
| Renasant Bank | $225,000 | n/a | 0.1% | |
| Discover Bank | $160,000 | $215,000 | 34.4% | 0.1% |
| FirstBank | $215,000 | n/a | 0.1% | |
| First Home Bank | $215,000 | n/a | 0.1% | |
| AMERICAN ADVISORS GROUP | $165,000 | $210,000 | 27.3% | 0.0% |
| AMERICAN FINANCIAL NETWORK, INC. | $300,000 | $210,000 | -30.0% | 0.0% |
| CHERRY CREEK MORTGAGE, LLC | $205,000 | n/a | 0.0% | |
| ASSOCIATED SCHOOL EMPLOYEES CREDIT UNION, INC. | $340,000 | $200,000 | -41.2% | 0.0% |
| PLUS RELOCATION MORTGAGE, LLC | $195,000 | n/a | 0.0% | |
| SSB Bank | $195,000 | n/a | 0.0% | |
| CREDIT UNION OF OHIO | $185,000 | n/a | 0.0% | |
| InterContinental Capital Group, Inc | $185,000 | n/a | 0.0% | |
| Figure Lending LLC | $50,000 | $180,000 | 260.0% | 0.0% |
| Hometown Equity Mortgage, LLC | $85,000 | $180,000 | 111.8% | 0.0% |
| LOANPAL, LLC | $175,000 | n/a | 0.0% | |
| American Midwest Mortgage Corporation | $175,000 | $165,000 | -5.7% | 0.0% |
| Chicago Mortgage Solutions LLC | $165,000 | n/a | 0.0% | |
| RESIDENTIAL BANCORP. | $185,000 | $165,000 | -10.8% | 0.0% |
| LENDSURE MORTGAGE CORP. | $155,000 | n/a | 0.0% | |
| Paramount Residential Mortgage Group, Inc. | $290,000 | $155,000 | -46.6% | 0.0% |
| YOUR HOME FINANCIAL LLC | $155,000 | n/a | 0.0% | |
| Truist Bank | $65,000 | $150,000 | 130.8% | 0.0% |
| Republic Bank & Trust Company | $145,000 | n/a | 0.0% | |
| DEVELOPER'S MORTGAGE COMPANY | $135,000 | n/a | 0.0% | |
| Northwest Bank | $385,000 | $135,000 | -64.9% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $645,000 | $125,000 | -80.6% | 0.0% |
| DOMINION ENERGY CREDIT UNION | $125,000 | n/a | 0.0% | |
| SIWELL, INC. | $225,000 | $125,000 | -44.4% | 0.0% |
| Stifel Bank and Trust | $405,000 | $125,000 | -69.1% | 0.0% |
| STARK FEDERAL CREDIT UNION | $105,000 | $120,000 | 14.3% | 0.0% |
| Northpointe Bank | $115,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $105,000 | n/a | 0.0% | |
| FIRST COMMUNITY MORTGAGE, INC. | $105,000 | n/a | 0.0% | |
| First Savings Bank | $135,000 | $105,000 | -22.2% | 0.0% |
| LENDUS, LLC | $105,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $95,000 | $100,000 | 5.3% | 0.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $95,000 | n/a | 0.0% | |
| SUPERIOR FINANCIAL SOLUTIONS, LLC | $95,000 | n/a | 0.0% | |
| ACADEMY MORTGAGE CORPORATION | $75,000 | n/a | 0.0% | |
| West-Aircomm Federal Credit Union | $75,000 | n/a | 0.0% | |
| LENDINGHOME FUNDING CORPORATION | $55,000 | $55,000 | 0.0% | 0.0% |
| Sutton Bank | $55,000 | n/a | 0.0% | |
| NUMARK CREDIT UNION | $25,000 | n/a | 0.0% |
Salem's top lender by overall market share is The Huntington National Bank, with 12.5% market share. In second place, with 10.5%, is QUICKEN LOANS, LLC, having originated $44,840,000 in loans. In third place, with 7.1%, is First Federal Bank of the Midwest, having originated $30,095,000 in loans. In third place, with 5.3%, is The Farmers National Bank of Canfield, having originated $22,430,000 in loans. In third place, with 4.6%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $19,645,000 in loans.
Salem, OH Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,165 | $184,555,000 | $158,416 |
| Refi | 1,078 | $141,950,000 | $131,679 |
| Cash Out Refi | 541 | $73,095,000 | $135,111 |
| Home Improvement | 261 | $17,345,000 | $66,456 |
| Other | 132 | $9,550,000 | $72,348 |
Salem's most frequently cited loan purpose was Home Purchase, with 1,165 originations. The 2nd most popular reason was Refi, with 1,078 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1,362 | $179,800,000 | $132,012 |
| 2.5-3% | 1,045 | $153,655,000 | $147,038 |
| <2.5% | 366 | $57,650,000 | $157,514 |
| 4-5% | 169 | $14,385,000 | $85,118 |
| 5-6% | 80 | $3,900,000 | $48,750 |
| 6-7% | 28 | $890,000 | $31,786 |
| 7-8% | 15 | $495,000 | $33,000 |
| Over 8% | 13 | $485,000 | $37,308 |
During 2021, Salem's most frequently originated rate bucket was 3-4%, with 1,362 originations.
Loan Sizing (Salem, OH MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 1,401 | $196,555,000 | $140,296 |
| $100,000 or less | 1,234 | $76,990,000 | $62,391 |
| $200k-400k | 494 | $128,590,000 | $260,304 |
| $400k-600k | 41 | $19,175,000 | $467,683 |
| $600k-1000k | 7 | $5,185,000 | $740,714 |
Salem's loan sizing saw the bucket of loans from $100k-200k with 1,401 originations, totaling $196,555,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,201 | $192,345,000 | $160,154 |
| 60-80% | 904 | $129,270,000 | $142,998 |
| 40-60% | 439 | $49,215,000 | $112,107 |
| 20-40% | 296 | $19,230,000 | $64,966 |
| Under 20% | 146 | $4,640,000 | $31,781 |
| Over 100% | 20 | $4,370,000 | $218,500 |
Salem's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,201 originations, totaling $192,345,000 in origination value.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Salem (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $107,450 (2.5%) | $126,508 (-5.2%) | 0.00 | 322 |
| 2018-02-01 | $109,700 (3.5%) | $128,522 (-3.5%) | 0.00 | 312 |
| 2018-03-01 | $109,900 (3.7%) | $132,943 (-0.5%) | 0.00 | 307 |
| 2018-04-01 | $112,400 (-2.2%) | $136,036 (1.1%) | 0.00 | 292 |
| 2018-05-01 | $116,250 (0.2%) | $140,694 (1.8%) | 0.00 | 295 |
| 2018-06-01 | $119,900 (8.0%) | $144,314 (6.6%) | 0.00 | 310 |
| 2018-07-01 | $119,900 (0.8%) | $151,423 (8.4%) | 0.00 | 327 |
| 2018-08-01 | $119,900 (10.3%) | $158,560 (14.8%) | 0.00 | 339 |
| 2018-09-01 | $119,900 (6.6%) | $162,381 (17.4%) | 0.00 | 341 |
| 2018-10-01 | $123,000 (7.0%) | $170,034 (23.5%) | 0.00 | 326 |
| 2018-11-01 | $125,450 (12.8%) | $173,287 (29.9%) | 0.00 | 304 |
| 2018-12-01 | $120,000 (11.5%) | $166,386 (29.1%) | 0.00 | 278 |
| 2019-01-01 | $120,950 (12.6%) | $165,735 (31.0%) | 0.00 | 257 |
| 2019-02-01 | $119,950 (9.3%) | $168,069 (30.8%) | 0.00 | 228 |
| 2019-03-01 | $124,229 (13.0%) | $173,433 (30.5%) | 0.00 | 220 |
| 2019-04-01 | $132,500 (17.9%) | $177,696 (30.6%) | 0.00 | 229 |
| 2019-05-01 | $129,950 (11.8%) | $173,034 (23.0%) | 0.00 | 242 |
| 2019-06-01 | $129,900 (8.3%) | $170,968 (18.5%) | 0.00 | 244 |
| 2019-07-01 | $125,000 (4.3%) | $160,218 (5.8%) | 0.00 | 243 |
| 2019-08-01 | $127,100 (6.0%) | $161,185 (1.7%) | 0.00 | 269 |
| 2019-09-01 | $127,050 (6.0%) | $162,315 (0.0%) | 0.00 | 288 |
| 2019-10-01 | $122,400 (-0.5%) | $159,384 (-6.3%) | 0.00 | 297 |
| 2019-11-01 | $117,000 (-6.7%) | $159,017 (-8.2%) | 0.00 | 294 |
| 2019-12-01 | $99,950 (-16.7%) | $157,709 (-5.2%) | 0.00 | 268 |
| 2020-01-01 | $105,000 (-13.2%) | $156,703 (-5.5%) | 0.00 | 254 |
| 2020-02-01 | $99,000 (-17.5%) | $161,305 (-4.0%) | 0.00 | 229 |
| 2020-03-01 | $109,900 (-11.5%) | $173,225 (-0.1%) | 0.00 | 224 |
| 2020-04-01 | $119,200 (-10.0%) | $178,229 (0.3%) | 0.00 | 203 |
| 2020-05-01 | $129,900 (0.0%) | $188,089 (8.7%) | 0.00 | 196 |
| 2020-06-01 | $132,900 (2.3%) | $193,607 (13.2%) | 0.00 | 175 |
| 2020-07-01 | $143,450 (14.8%) | $195,222 (21.9%) | 0.00 | 175 |
| 2020-08-01 | $139,900 (10.1%) | $199,390 (23.7%) | 0.00 | 161 |
| 2020-09-01 | $128,450 (1.1%) | $197,047 (21.4%) | 0.00 | 147 |
| 2020-10-01 | $127,500 (4.2%) | $197,105 (23.7%) | 0.00 | 142 |
| 2020-11-01 | $129,450 (10.6%) | $211,984 (33.3%) | 0.00 | 138 |
| 2020-12-01 | $126,850 (26.9%) | $197,379 (25.2%) | 0.00 | 134 |
| 2021-01-01 | $109,900 (4.7%) | $185,967 (18.7%) | 0.00 | 117 |
| 2021-02-01 | $114,000 (15.2%) | $188,816 (17.1%) | 0.00 | 112 |
| 2021-03-01 | $119,950 (9.1%) | $198,582 (14.6%) | 0.00 | 108 |
| 2021-04-01 | $136,950 (14.9%) | $210,377 (18.0%) | 0.00 | 110 |
| 2021-05-01 | $135,000 (3.9%) | $198,286 (5.4%) | 0.00 | 120 |
| 2021-06-01 | $136,400 (2.6%) | $196,762 (1.6%) | 0.00 | 131 |
| 2021-07-01 | $135,700 (-5.4%) | $190,171 (-2.6%) | 0.00 | 143 |
| 2021-08-01 | $146,250 (4.5%) | $199,033 (-0.2%) | 0.00 | 164 |
| 2021-09-01 | $137,600 (7.1%) | $193,659 (-1.7%) | 0.00 | 166 |
| 2021-10-01 | $129,900 (1.9%) | $188,170 (-4.5%) | 0.00 | 173 |
| 2021-11-01 | $137,000 (5.8%) | $194,811 (-8.1%) | 0.00 | 158 |
| 2021-12-01 | $125,450 (-1.1%) | $185,364 (-6.1%) | 0.00 | 147 |
| 2022-01-01 | $117,900 (7.3%) | $190,723 (2.6%) | 0.00 | 127 |
| 2022-02-01 | $124,900 (9.6%) | $190,147 (0.7%) | 0.00 | 109 |
| 2022-03-01 | $120,000 (0.0%) | $180,804 (-9.0%) | 0.00 | 105 |
| 2022-04-01 | $157,000 (14.6%) | $204,308 (-2.9%) | 0.00 | 91 |
| 2022-05-01 | $173,950 (28.9%) | $231,472 (16.7%) | 0.00 | 101 |
Salem's median listing price comes in at 0% of the national average.
Salem's average listing price for 2022-05-01 was $231,472, a difference of $33,186 (16.7%) versus the prior year and $27,164 versus the prior month.
For the 2022-05-01 period, Salem had 101 MLS listings, a difference of 10 listings (11%) versus the prior month and -19 listings (-16%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Salem (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,458 sqft |
| 2018-02-01 | 0 days | 1,454 sqft |
| 2018-03-01 | 0 days | 1,500 sqft |
| 2018-04-01 | 0 days | 1,512 sqft |
| 2018-05-01 | 0 days | 1,522 sqft |
| 2018-06-01 | 0 days | 1,530 sqft |
| 2018-07-01 | 0 days | 1,642 sqft |
| 2018-08-01 | 0 days | 1,608 sqft |
| 2018-09-01 | 0 days | 1,642 sqft |
| 2018-10-01 | 0 days | 1,730 sqft |
| 2018-11-01 | 0 days | 1,732 sqft |
| 2018-12-01 | 0 days | 1,664 sqft |
| 2019-01-01 | 0 days | 1,622 sqft |
| 2019-02-01 | 0 days | 1,670 sqft |
| 2019-03-01 | 0 days | 1,682 sqft |
| 2019-04-01 | 0 days | 1,678 sqft |
| 2019-05-01 | 0 days | 1,595 sqft |
| 2019-06-01 | 0 days | 1,617 sqft |
| 2019-07-01 | 0 days | 1,613 sqft |
| 2019-08-01 | 0 days | 1,625 sqft |
| 2019-09-01 | 0 days | 1,637 sqft |
| 2019-10-01 | 0 days | 1,632 sqft |
| 2019-11-01 | 0 days | 1,632 sqft |
| 2019-12-01 | 0 days | 1,626 sqft |
| 2020-01-01 | 0 days | 1,617 sqft |
| 2020-02-01 | 0 days | 1,598 sqft |
| 2020-03-01 | 0 days | 1,598 sqft |
| 2020-04-01 | 0 days | 1,606 sqft |
| 2020-05-01 | 0 days | 1,657 sqft |
| 2020-06-01 | 0 days | 1,628 sqft |
| 2020-07-01 | 0 days | 1,685 sqft |
| 2020-08-01 | 0 days | 1,644 sqft |
| 2020-09-01 | 0 days | 1,632 sqft |
| 2020-10-01 | 0 days | 1,624 sqft |
| 2020-11-01 | 0 days | 1,624 sqft |
| 2020-12-01 | 0 days | 1,549 sqft |
| 2021-01-01 | 0 days | 1,540 sqft |
| 2021-02-01 | 0 days | 1,520 sqft |
| 2021-03-01 | 0 days | 1,596 sqft |
| 2021-04-01 | 0 days | 1,596 sqft |
| 2021-05-01 | 0 days | 1,584 sqft |
| 2021-06-01 | 0 days | 1,556 sqft |
| 2021-07-01 | 0 days | 1,574 sqft |
| 2021-08-01 | 0 days | 1,594 sqft |
| 2021-09-01 | 0 days | 1,548 sqft |
| 2021-10-01 | 0 days | 1,508 sqft |
| 2021-11-01 | 0 days | 1,516 sqft |
| 2021-12-01 | 0 days | 1,503 sqft |
| 2022-01-01 | 0 days | 1,464 sqft |
| 2022-02-01 | 0 days | 1,488 sqft |
| 2022-03-01 | 0 days | 1,455 sqft |
| 2022-04-01 | 0 days | 1,537 sqft |
| 2022-05-01 | 0 days | 1,512 sqft |
Salem's median square footage for active listings during the 2022-05-01 period was 1,512 sqft. One year prior, the average listing was 1,584 sqft.
