SALEM Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Salem averaged
6.75%
for the week of 2025-05-08, compared to the national average of
6.76% for the same period.
The average rate for the prior week (2025-05-01) was
6.85% and
one month ago for the week of 2025-04-03, the
average rate was 6.83%.
Salem's average rate one year ago was 7.31%.
For refis of the same type during the week of 2025-05-08, the average rate
was 7.41%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-05-08 | 6.76% |
| Salem 30 Year Fixed Rate | 2025-05-08 | 6.75% |
| Salem 30 Year Fixed Rate Refi | 2025-05-08 | 7.41% |
| Salem 15 Year Fixed Rate | 2025-05-08 | 5.69% |
| Salem 15 Year Fixed Rate Refi | 2025-05-08 | 6.49% |
| Salem 30 Year FHA | 2025-05-08 | 6.38% |
| Salem 30 Year FHA Refi | 2025-05-08 | 5.9% |
| Salem 30 Year USDA | 2025-05-08 | 6.67% |
| Salem 30 Year USDA Refi | 2025-05-08 | 6.27% |
| Salem 30 Year VA | 2025-05-08 | 6.11% |
| Salem 30 Year VA Refi | 2025-05-08 | 5.81% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within SALEM, OR.
SALEM Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the SALEM, OR 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 Average Closing Costs & Other Stats
SALEM, OR's 182 lenders originated 7,677
loans during 2024. The total origination value was $2,300,275,000, with an average loan value of
$299,632.
SALEM's average closing costs are $6,703.
The top SALEM lender as defined by loan originations is GUILD MORTGAGE COMPANY, with
283 loans originated. Their average total fees are
$9,153, which is $546
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee SALEM lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($3,947), JPMorgan Chase Bank ($4,227), U.S. Bank ($4,987), OnPoint Community Credit Union ($5,170) and Rivermark Community Credit Union ($5,268).
The lowest rate SALEM lenders (with over 10 loans originated) are
FIRST COMMUNITY (5.42%), DHI MORTGAGE COMPANY, LTD. (5.63%), EAGLE HOME MORTGAGE, LLC (6.22%), SUMMIT FUNDING, INC. (6.28%) and LOANDEPOT.COM, LLC (6.38%).
SALEM, OR Mortgage 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| GUILD MORTGAGE COMPANY | $111,280,000 | $168,580,000 | 51.5% | 7.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $145,320,000 | $133,650,000 | -8.0% | 5.8% |
| QUICKEN LOANS, LLC | $96,480,000 | $114,810,000 | 19.0% | 5.0% |
| MARION AND POLK SCHOOLS CREDIT UNION | $102,015,000 | $92,175,000 | -9.6% | 4.0% |
| DHI MORTGAGE COMPANY, LTD. | $41,970,000 | $78,835,000 | 87.8% | 3.4% |
| S1L, Inc. | $50,900,000 | $70,245,000 | 38.0% | 3.1% |
| NATIONS DIRECT MORTGAGE, LLC | $41,385,000 | $69,330,000 | 67.5% | 3.0% |
| NEWREZ LLC | $46,395,000 | $57,630,000 | 24.2% | 2.5% |
| Umpqua Bank | $50,500,000 | $51,955,000 | 2.9% | 2.3% |
| OnPoint Community Credit Union | $45,945,000 | $51,310,000 | 11.7% | 2.2% |
| U.S. Bank | $45,655,000 | $38,935,000 | -14.7% | 1.7% |
| GREYSTONE SERVICING COMPANY LLC | $5,570,000 | $35,830,000 | 543.3% | 1.6% |
| PENNYMAC LOAN SERVICES, LLC | $22,940,000 | $34,470,000 | 50.3% | 1.5% |
| Wells Fargo Bank | $13,810,000 | $33,680,000 | 143.9% | 1.5% |
| MORTGAGE EXPRESS, LLC | $17,175,000 | $33,650,000 | 95.9% | 1.5% |
| FREEDOM MORTGAGE CORPORATION | $8,680,000 | $33,325,000 | 283.9% | 1.4% |
| EAGLE HOME MORTGAGE, LLC | $18,745,000 | $32,180,000 | 71.7% | 1.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $27,980,000 | $31,585,000 | 12.9% | 1.4% |
| LPMC, LLC | $34,600,000 | $30,395,000 | -12.2% | 1.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $32,995,000 | $30,375,000 | -7.9% | 1.3% |
| CMG MORTGAGE, INC. | $22,275,000 | $29,845,000 | 34.0% | 1.3% |
| PLAZA HOME MORTGAGE, INC. | $29,480,000 | $28,840,000 | -2.2% | 1.3% |
| Oregon State Credit Union | $22,320,000 | $28,580,000 | 28.0% | 1.2% |
| UNION HOME MORTGAGE CORP. | $6,935,000 | $27,715,000 | 299.6% | 1.2% |
| FIRST TECHNOLOGY | $19,545,000 | $27,580,000 | 41.1% | 1.2% |
| LOANDEPOT.COM, LLC | $19,725,000 | $26,500,000 | 34.3% | 1.2% |
| Mortgage Research Center, LLC | $18,585,000 | $24,895,000 | 34.0% | 1.1% |
| OREGON COMMUNITY | $18,415,000 | $23,655,000 | 28.5% | 1.0% |
| JPMorgan Chase Bank | $20,785,000 | $23,285,000 | 12.0% | 1.0% |
| Sierra Pacific Mortgage Company, Inc. | $11,470,000 | $23,255,000 | 102.7% | 1.0% |
| PANORAMA MORTGAGE GROUP, LLC | $9,265,000 | $21,020,000 | 126.9% | 0.9% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $16,235,000 | $19,530,000 | 20.3% | 0.8% |
| KeyBank | $17,970,000 | $19,090,000 | 6.2% | 0.8% |
| Willamette Valley Bank | $25,585,000 | $17,970,000 | -29.8% | 0.8% |
| Popular Bank | $17,825,000 | n/a | 0.8% | |
| GUARANTEED RATE, INC. | $27,345,000 | $17,805,000 | -34.9% | 0.8% |
| CHURCHILL MORTGAGE CORPORATION | $18,995,000 | $17,780,000 | -6.4% | 0.8% |
| MOVEMENT MORTGAGE, LLC | $20,295,000 | $17,060,000 | -15.9% | 0.7% |
| ORIX REAL ESTATE CAPITAL, LLC | $16,680,000 | n/a | 0.7% | |
| Century Mortgage Company DBA Century Lending Company | $9,560,000 | $16,365,000 | 71.2% | 0.7% |
| Washington Federal Bank | $11,095,000 | $15,035,000 | 35.5% | 0.7% |
| Banner Bank | $17,005,000 | $14,120,000 | -17.0% | 0.6% |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $32,635,000 | $13,575,000 | -58.4% | 0.6% |
| Flagstar Bank, FSB | $14,350,000 | $13,020,000 | -9.3% | 0.6% |
| iQ Credit Union | $7,385,000 | $12,440,000 | 68.4% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $10,695,000 | $11,925,000 | 11.5% | 0.5% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $8,855,000 | $11,060,000 | 24.9% | 0.5% |
| The Loan Store, Inc. | $1,360,000 | $10,745,000 | 690.1% | 0.5% |
| AMERICAN FINANCIAL NETWORK, INC. | $5,600,000 | $10,380,000 | 85.4% | 0.5% |
| SUMMIT FUNDING, INC. | $12,090,000 | $10,365,000 | -14.3% | 0.5% |
| DIRECTORS MORTGAGE, INC. | $15,090,000 | $9,870,000 | -34.6% | 0.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $7,740,000 | $9,815,000 | 26.8% | 0.4% |
| SUCCESS MORTGAGE PARTNERS, INC. | $6,480,000 | $9,605,000 | 48.2% | 0.4% |
| Unitus Community Credit Union | $9,915,000 | $9,385,000 | -5.3% | 0.4% |
| BAY EQUITY LLC | $9,435,000 | $9,005,000 | -4.6% | 0.4% |
| BROKER SOLUTIONS, INC. | $11,400,000 | $8,975,000 | -21.3% | 0.4% |
| FIRST COMMUNITY | $2,790,000 | $8,905,000 | 219.2% | 0.4% |
| CANOPY MORTGAGE, LLC | $9,125,000 | $8,630,000 | -5.4% | 0.4% |
| Paramount Residential Mortgage Group, Inc. | $5,250,000 | $8,475,000 | 61.4% | 0.4% |
| USAA Federal Savings Bank | $2,495,000 | $8,165,000 | 227.3% | 0.4% |
| VILLAGE CAPITAL MORTGAGE | $2,885,000 | $7,910,000 | 174.2% | 0.3% |
| TWINSTAR | $8,750,000 | $7,570,000 | -13.5% | 0.3% |
| SUN WEST MORTGAGE COMPANY, INC. | $2,110,000 | $7,490,000 | 255.0% | 0.3% |
| Bank of America | $13,255,000 | $7,225,000 | -45.5% | 0.3% |
| TRIAD FINANCIAL SERVICES, INC. | $7,500,000 | $7,190,000 | -4.1% | 0.3% |
| SELCO COMMUNITY | $14,280,000 | $7,075,000 | -50.5% | 0.3% |
| Prosperity Home Mortgage, LLC | $4,410,000 | $6,860,000 | 55.6% | 0.3% |
| Rivermark Community Credit Union | $2,755,000 | $6,475,000 | 135.0% | 0.3% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $18,720,000 | $6,270,000 | -66.5% | 0.3% |
| Northwest Farm Credit Services, FLCA | $5,410,000 | $6,190,000 | 14.4% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $5,935,000 | $6,145,000 | 3.5% | 0.3% |
| Bank of the Pacific | $3,960,000 | $6,075,000 | 53.4% | 0.3% |
| Figure Lending LLC | $2,890,000 | $5,980,000 | 106.9% | 0.3% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $5,620,000 | $5,810,000 | 3.4% | 0.3% |
| AMERICAN FINANCIAL RESOURCES, INC. | $1,325,000 | $5,400,000 | 307.5% | 0.2% |
| Plains Commerce Bank | $1,915,000 | $5,400,000 | 182.0% | 0.2% |
| Equity Prime Mortgage LLC | $2,505,000 | $5,395,000 | 115.4% | 0.2% |
| MID AMERICA MORTGAGE, INC. | $1,015,000 | $5,390,000 | 431.0% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $1,980,000 | $5,310,000 | 168.2% | 0.2% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $7,130,000 | $5,195,000 | -27.1% | 0.2% |
| First Federal | $2,645,000 | $5,165,000 | 95.3% | 0.2% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $2,590,000 | $4,910,000 | 89.6% | 0.2% |
| Discover Bank | $5,095,000 | $4,710,000 | -7.6% | 0.2% |
| NBKC BANK | $4,670,000 | $4,435,000 | -5.0% | 0.2% |
| HOMEXPRESS MORTGAGE CORP. | $765,000 | $4,120,000 | 438.6% | 0.2% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $12,225,000 | $3,950,000 | -67.7% | 0.2% |
| Keystone Funding, Inc. | $355,000 | $3,875,000 | 991.5% | 0.2% |
| The Federal Savings Bank | $6,130,000 | $3,775,000 | -38.4% | 0.2% |
| DAS Acquisition Company, LLC | $4,580,000 | $3,650,000 | -20.3% | 0.2% |
| LOANPAL, LLC | $1,755,000 | $3,595,000 | 104.8% | 0.2% |
| ENVOY MORTGAGE, LTD | $4,145,000 | $3,525,000 | -15.0% | 0.2% |
| LENDSURE MORTGAGE CORP. | $2,655,000 | $3,510,000 | 32.2% | 0.2% |
| First National Bank of America | $6,200,000 | $3,490,000 | -43.7% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $5,550,000 | $3,435,000 | -38.1% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,430,000 | $3,380,000 | 39.1% | 0.1% |
| Citadel Servicing Corporation | $3,510,000 | $3,355,000 | -4.4% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $5,025,000 | $3,240,000 | -35.5% | 0.1% |
| Cornerstone First Mortgage, Inc | $620,000 | $3,235,000 | 421.8% | 0.1% |
| Commerce Home Mortgage, Inc. | $3,530,000 | $3,190,000 | -9.6% | 0.1% |
| CENTRAL WILLAMETTE Credit Union | $1,665,000 | $3,180,000 | 91.0% | 0.1% |
| ZILLOW HOME LOANS, LLC | $1,865,000 | $3,175,000 | 70.2% | 0.1% |
| SCENIC OAKS FUNDING, INC. | $3,000,000 | n/a | 0.1% | |
| AMERITRUST MORTGAGE CORPORATION | $2,995,000 | n/a | 0.1% | |
| Third Federal Savings and Loan Association of Cleveland | $1,200,000 | $2,895,000 | 141.3% | 0.1% |
| NEXERA HOLDING LLC | $1,420,000 | $2,890,000 | 103.5% | 0.1% |
| PNC Bank | $795,000 | $2,780,000 | 249.7% | 0.1% |
| ALLIANT CREDIT UNION | $1,475,000 | $2,765,000 | 87.5% | 0.1% |
| 21ST MORTGAGE CORPORATION | $2,090,000 | $2,710,000 | 29.7% | 0.1% |
| V.I.P. MORTGAGE, INC. | $5,150,000 | $2,655,000 | -48.4% | 0.1% |
| HomeStreet Bank | $3,270,000 | $2,625,000 | -19.7% | 0.1% |
| OCMBC, INC. | $3,240,000 | $2,595,000 | -19.9% | 0.1% |
| 1st Security Bank of Washington | $755,000 | $2,550,000 | 237.7% | 0.1% |
| CBRE MULTIFAMILY CAPITAL, INC. | $8,445,000 | $2,525,000 | -70.1% | 0.1% |
| PLANET HOME LENDING, LLC | $2,130,000 | $2,495,000 | 17.1% | 0.1% |
| Carrington Mortgage Services, LLC | $1,985,000 | $2,410,000 | 21.4% | 0.1% |
| THRIVENT Federal Credit Union | $205,000 | $2,405,000 | 1,073.2% | 0.1% |
| Summit Mortgage Corporation | $1,755,000 | $2,380,000 | 35.6% | 0.1% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $335,000 | $2,325,000 | 594.0% | 0.1% |
| SUMMIT MORTGAGE CORPORATION | $3,515,000 | $2,320,000 | -34.0% | 0.1% |
| HERITAGE GROVE Federal Credit Union | $1,955,000 | $2,285,000 | 16.9% | 0.1% |
| Bank of England | $1,785,000 | $2,280,000 | 27.7% | 0.1% |
| BMO Harris Bank | $2,250,000 | $2,215,000 | -1.6% | 0.1% |
| Boeing Employees Credit Union | $1,305,000 | $2,210,000 | 69.3% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $55,000 | $2,145,000 | 3,800.0% | 0.1% |
| Lakeview Community Capital, LLC | $2,115,000 | n/a | 0.1% | |
| Loan Simple, Inc. | $2,745,000 | $2,045,000 | -25.5% | 0.1% |
| Coastal Community Bank | $2,105,000 | $2,010,000 | -4.5% | 0.1% |
| PHH Mortgage Corporation | $2,555,000 | $1,985,000 | -22.3% | 0.1% |
| SPRING EQ, LLC | $1,440,000 | $1,950,000 | 35.4% | 0.1% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $4,505,000 | $1,935,000 | -57.0% | 0.1% |
| People's Bank of Commerce | $8,090,000 | $1,905,000 | -76.5% | 0.1% |
| ROGUE | $2,550,000 | $1,885,000 | -26.1% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $1,415,000 | $1,875,000 | 32.5% | 0.1% |
| AMERICAN HERITAGE LENDING, INC. | $660,000 | $1,855,000 | 181.1% | 0.1% |
| Clackamas County Bank | $1,950,000 | $1,835,000 | -5.9% | 0.1% |
| First Federal Bank | $1,185,000 | $1,815,000 | 53.2% | 0.1% |
| CARDINAL FINANCIAL | $4,490,000 | $1,810,000 | -59.7% | 0.1% |
| CALCON MUTUAL MORTGAGE LLC | $1,290,000 | $1,790,000 | 38.8% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $2,705,000 | $1,765,000 | -34.8% | 0.1% |
| Hometown Equity Mortgage, LLC | $720,000 | $1,760,000 | 144.4% | 0.1% |
| COLUMBIA COMMUNITY CREDIT UNION | $360,000 | $1,755,000 | 387.5% | 0.1% |
| RESIDENTIAL MORTGAGE, LLC | $610,000 | $1,750,000 | 186.9% | 0.1% |
| BERKELEY POINT CAPITAL LLC | $5,995,000 | $1,695,000 | -71.7% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $2,315,000 | $1,680,000 | -27.4% | 0.1% |
| Sunflower Bank | $520,000 | $1,660,000 | 219.2% | 0.1% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $1,790,000 | $1,655,000 | -7.5% | 0.1% |
| AMERICAN FINANCING CORPORATION | $2,160,000 | $1,630,000 | -24.5% | 0.1% |
| Magnolia Bank | $550,000 | $1,630,000 | 196.4% | 0.1% |
| COREVEST AMERICAN FINANCE LENDER LLC | $1,610,000 | n/a | 0.1% | |
| FINANCE OF AMERICA REVERSE LLC | $3,965,000 | $1,595,000 | -59.8% | 0.1% |
| Quontic Bank | $1,485,000 | n/a | 0.1% | |
| GEORGIA'S OWN | $285,000 | $1,450,000 | 408.8% | 0.1% |
| First Interstate Bank | $2,365,000 | $1,430,000 | -39.5% | 0.1% |
| GUIDANCE RESIDENTIAL, LLC | $2,060,000 | $1,430,000 | -30.6% | 0.1% |
| FIBRE FEDERAL CREDIT UNION | $290,000 | $1,410,000 | 386.2% | 0.1% |
| Northpointe Bank | $285,000 | $1,395,000 | 389.5% | 0.1% |
| FOUNDATION MORTGAGE CORPORATION | $570,000 | $1,390,000 | 143.9% | 0.1% |
| Arbor Realty Trust, Inc. | $1,345,000 | n/a | 0.1% | |
| MORTGAGEONE, INC. | $1,345,000 | n/a | 0.1% | |
| Nations Lending Corporation | $1,560,000 | $1,340,000 | -14.1% | 0.1% |
| ARC HOME LLC | $950,000 | $1,315,000 | 38.4% | 0.1% |
| OREGONIANS CREDIT UNION | $500,000 | $1,315,000 | 163.0% | 0.1% |
| NP, Inc. | $1,450,000 | $1,225,000 | -15.5% | 0.1% |
| Merchants Mortgage & Trust Corporation | $2,755,000 | $1,220,000 | -55.7% | 0.1% |
| Clackamas Federal Credit Union | $1,060,000 | $1,215,000 | 14.6% | 0.1% |
| INTERNATIONAL CITY MORTGAGE, INC. | $275,000 | $1,125,000 | 309.1% | 0.0% |
| Bethpage Federal Credit Union | $875,000 | $1,120,000 | 28.0% | 0.0% |
| GENEVA FINANCIAL, LLC | $6,490,000 | $1,115,000 | -82.8% | 0.0% |
| Golden Empire Mortgage, Inc. | $1,110,000 | n/a | 0.0% | |
| Paramount Bank | $1,095,000 | n/a | 0.0% | |
| North American Savings Bank, F.S.B. | $470,000 | $1,060,000 | 125.5% | 0.0% |
| NFM, INC. | $1,755,000 | $1,040,000 | -40.7% | 0.0% |
| Luxury Mortgage Corp. | $1,005,000 | n/a | 0.0% | |
| Morgan Stanley Private Bank | $2,280,000 | $1,000,000 | -56.1% | 0.0% |
| Ally Bank | $585,000 | $975,000 | 66.7% | 0.0% |
| RANLIFE, INC. | $1,885,000 | $975,000 | -48.3% | 0.0% |
| ONY GLO, INC. | $3,020,000 | $955,000 | -68.4% | 0.0% |
| TOWNE MORTGAGE COMPANY | $850,000 | $915,000 | 7.6% | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $1,300,000 | $900,000 | -30.8% | 0.0% |
| DATA MORTGAGE, INC. | $885,000 | n/a | 0.0% | |
| Stifel Bank and Trust | $1,475,000 | $865,000 | -41.4% | 0.0% |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $2,235,000 | $860,000 | -61.5% | 0.0% |
| Ameris Bank | $345,000 | $820,000 | 137.7% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $775,000 | $815,000 | 5.2% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $1,540,000 | $790,000 | -48.7% | 0.0% |
| Home Loan Investment Bank, F.S.B. | $675,000 | $775,000 | 14.8% | 0.0% |
| Washington Trust Bank | $345,000 | $775,000 | 124.6% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $890,000 | $770,000 | -13.5% | 0.0% |
| SIRVA MORTGAGE, INC. | $515,000 | $770,000 | 49.5% | 0.0% |
| IAA Credit Union | $765,000 | n/a | 0.0% | |
| RED CANOE CREDIT UNION | $220,000 | $765,000 | 247.7% | 0.0% |
| BETTER MORTGAGE CORPORATION | $3,165,000 | $745,000 | -76.5% | 0.0% |
| NexBank | $580,000 | $745,000 | 28.4% | 0.0% |
| UNITED MORTGAGE CORP | $740,000 | n/a | 0.0% | |
| A&D Mortgage LLC | $495,000 | $735,000 | 48.5% | 0.0% |
| LADERA LENDING, INC. | $1,750,000 | $730,000 | -58.3% | 0.0% |
| D. L. Evans Bank | $715,000 | n/a | 0.0% | |
| BAY-VALLEY MORTGAGE GROUP | $760,000 | $680,000 | -10.5% | 0.0% |
| CASTLE & COOKE MORTGAGE, LLC | $675,000 | n/a | 0.0% | |
| Home Mortgage Alliance Corp | $660,000 | n/a | 0.0% | |
| Charles Schwab Bank, SSB | $625,000 | n/a | 0.0% | |
| FUNDLOANS CAPITAL | $610,000 | n/a | 0.0% | |
| NETWORK CAPITAL FUNDING CORPORATION | $450,000 | $600,000 | 33.3% | 0.0% |
| The Huntington National Bank | $2,825,000 | $575,000 | -79.6% | 0.0% |
| AXIA FINANCIAL, LLC | $760,000 | $555,000 | -27.0% | 0.0% |
| Citibank | $550,000 | n/a | 0.0% | |
| NEW DAY FINANCIAL, LLC | $1,175,000 | $540,000 | -54.0% | 0.0% |
| SAMMAMISH MORTGAGE COMPANY | $2,545,000 | $530,000 | -79.2% | 0.0% |
| City Lending Inc. | $525,000 | n/a | 0.0% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $580,000 | $525,000 | -9.5% | 0.0% |
| Community First National Bank | $505,000 | n/a | 0.0% | |
| Arvest Bank | $495,000 | n/a | 0.0% | |
| Bell Bank | $485,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $345,000 | $480,000 | 39.1% | 0.0% |
| Credence Funding Corporation | $475,000 | n/a | 0.0% | |
| FirstBank | $475,000 | n/a | 0.0% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $475,000 | n/a | 0.0% | |
| GoPrime Mortgage, Inc. | $475,000 | n/a | 0.0% | |
| JMAC LENDING, INC. | $475,000 | n/a | 0.0% | |
| LENDINGONE, LLC | $475,000 | n/a | 0.0% | |
| ROYAL UNITED MORTGAGE LLC | $575,000 | $460,000 | -20.0% | 0.0% |
| SECURITYNATIONAL MORTGAGE COMPANY | $135,000 | $455,000 | 237.0% | 0.0% |
| HANSCOM | $445,000 | n/a | 0.0% | |
| SOUTHWEST FUNDING, LP | $445,000 | n/a | 0.0% | |
| TOP FLITE FINANCIAL, INC. | $345,000 | $440,000 | 27.5% | 0.0% |
| Bank of Hope | $435,000 | n/a | 0.0% | |
| EMBRACE HOME LOANS, INC. | $135,000 | $435,000 | 222.2% | 0.0% |
| State Department Federal Credit Union | $425,000 | n/a | 0.0% | |
| Axos Bank | $700,000 | $405,000 | -42.1% | 0.0% |
| The Central Trust Bank | $405,000 | n/a | 0.0% | |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $395,000 | n/a | 0.0% | |
| CENTENNIAL LENDING, LLC | $385,000 | n/a | 0.0% | |
| NORWICH COMMERCIAL GROUP, INC. | $385,000 | n/a | 0.0% | |
| Old National Bank | $365,000 | $385,000 | 5.5% | 0.0% |
| Strong Home Mortgage, LLC | $385,000 | n/a | 0.0% | |
| Waterstone Mortgage Corporation | $1,580,000 | $385,000 | -75.6% | 0.0% |
| INTELLILOAN, INC. | $375,000 | n/a | 0.0% | |
| OPEN MORTGAGE, LLC | $165,000 | $365,000 | 121.2% | 0.0% |
| ADVANCIAL | $355,000 | n/a | 0.0% | |
| Flanagan State Bank | $355,000 | n/a | 0.0% | |
| Union Savings Bank | $355,000 | n/a | 0.0% | |
| PENRITH HOME LOANS LLC | $285,000 | $345,000 | 21.1% | 0.0% |
| Texana Bank | $345,000 | n/a | 0.0% | |
| Logan Finance Corporation | $335,000 | n/a | 0.0% | |
| RESIDENTIAL WHOLESALE MORTGAGE, INC. | $335,000 | n/a | 0.0% | |
| TEMPLE VIEW CAPITAL FUNDING, LP | $335,000 | n/a | 0.0% | |
| AMWEST FUNDING CORP. | $325,000 | n/a | 0.0% | |
| LEADERONE FINANCIAL CORPORATION | $1,285,000 | $325,000 | -74.7% | 0.0% |
| Florida Capital Bank | $385,000 | $315,000 | -18.2% | 0.0% |
| PLUS RELOCATION MORTGAGE, LLC | $315,000 | n/a | 0.0% | |
| CITYWIDE HOME LOANS, LLC | $305,000 | n/a | 0.0% | |
| CORNERSTONE HOME LENDING, INC. | $325,000 | $305,000 | -6.2% | 0.0% |
| Evolve Bank & Trust | $305,000 | n/a | 0.0% | |
| LIMA ONE CAPITAL, LLC | $465,000 | $305,000 | -34.4% | 0.0% |
| TRISTAR FINANCE, INC. | $305,000 | n/a | 0.0% | |
| RESIDENTIAL BANCORP | $125,000 | $300,000 | 140.0% | 0.0% |
| EVANSVILLE TEACHERS | $295,000 | n/a | 0.0% | |
| EVERETT FINANCIAL, INC. | $4,260,000 | $295,000 | -93.1% | 0.0% |
| Franklin Loan Corporation | $1,460,000 | $295,000 | -79.8% | 0.0% |
| MOUNTAIN AMERICA | $2,795,000 | $295,000 | -89.4% | 0.0% |
| VERITAS FUNDING, LLC | $1,455,000 | $295,000 | -79.7% | 0.0% |
| BAYSHORE MORTGAGE FUNDING, LLC | $285,000 | n/a | 0.0% | |
| CLEARPATH LENDING | $570,000 | $285,000 | -50.0% | 0.0% |
| GTE Federal Credit Union | $280,000 | n/a | 0.0% | |
| BM Real Estate Services, Inc. | $275,000 | n/a | 0.0% | |
| US MORTGAGE CORPORATION | $275,000 | n/a | 0.0% | |
| Allied First Bank,sb | $265,000 | n/a | 0.0% | |
| COAST 2 COAST FUNDING GROUP, INC. | $205,000 | $265,000 | 29.3% | 0.0% |
| First-Citizens Bank & Trust Company | $255,000 | n/a | 0.0% | |
| INTERCAP LENDING INC. | $255,000 | n/a | 0.0% | |
| TOWER | $255,000 | n/a | 0.0% | |
| LAND HOME FINANCIAL SERVICES, INC. | $245,000 | n/a | 0.0% | |
| ML Mortgage Corp. | $245,000 | n/a | 0.0% | |
| Mid Oregon Federal Credit Union | $105,000 | $240,000 | 128.6% | 0.0% |
| HomeTrust Bank | $2,735,000 | $230,000 | -91.6% | 0.0% |
| 5TH STREET CAPITAL, INC. | $225,000 | n/a | 0.0% | |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $80,000 | $225,000 | 181.3% | 0.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,715,000 | $215,000 | -87.5% | 0.0% |
| Deseret First Credit Union | $205,000 | n/a | 0.0% | |
| Fifth Third Bank | $205,000 | n/a | 0.0% | |
| INROADS | $200,000 | n/a | 0.0% | |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $195,000 | n/a | 0.0% | |
| HighTechLending Inc | $125,000 | $185,000 | 48.0% | 0.0% |
| KINECTA | $175,000 | n/a | 0.0% | |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $165,000 | n/a | 0.0% | |
| SOUTHWEST STAGE FUNDING, LLC | $155,000 | n/a | 0.0% | |
| USAlliance Federal Credit Union | $135,000 | n/a | 0.0% | |
| M&T Bank | $205,000 | $125,000 | -39.0% | 0.0% |
| Point West Credit Union | $125,000 | n/a | 0.0% | |
| Consolidated Federal Credit Union | $1,095,000 | $115,000 | -89.5% | 0.0% |
| Pacific NW Federal Credit Union | $110,000 | n/a | 0.0% | |
| DIGITAL Federal Credit Union | $370,000 | $105,000 | -71.6% | 0.0% |
| Ardent Federal Credit Union | $85,000 | n/a | 0.0% | |
| Signature Federal Credit Union | $75,000 | n/a | 0.0% | |
| Firefighters First Federal Credit Union | $55,000 | $55,000 | 0.0% | 0.0% |
| CASTPARTS EMPLOYEES | $335,000 | $45,000 | -86.6% | 0.0% |
| Deere Employees Credit Union | $45,000 | n/a | 0.0% | |
| Heritage Bank | $655,000 | $35,000 | -94.7% | 0.0% |
| WASHINGTON STATE EMPLOYEES Credit Union | $100,000 | $15,000 | -85.0% | 0.0% |
SALEM's top lender by overall market share is GUILD MORTGAGE COMPANY, with 7.3% market share. In second place, with 5.8%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $133,650,000 in loans. In third place, with 5.0%, is QUICKEN LOANS, LLC, having originated $114,810,000 in loans. In fourth place, with 4.0%, is MARION AND POLK SCHOOLS CREDIT UNION, having originated $92,175,000 in loans. In fifth place, with 3.4%, is DHI MORTGAGE COMPANY, LTD., having originated $78,835,000 in loans.
SALEM Housing Market Trends (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 | $377,425 (36.6%) | $492,987 (36.0%) | 1.40 | 714 |
| 2018-02-01 | $377,450 (34.3%) | $486,422 (32.0%) | 1.37 | 712 |
| 2018-03-01 | $374,900 (32.3%) | $478,838 (28.6%) | 1.32 | 740 |
| 2018-04-01 | $384,175 (30.2%) | $499,384 (29.3%) | 1.30 | 763 |
| 2018-05-01 | $389,450 (31.4%) | $496,079 (28.1%) | 1.30 | 857 |
| 2018-06-01 | $385,900 (29.9%) | $488,871 (29.4%) | 1.29 | 924 |
| 2018-07-01 | $394,700 (12.3%) | $487,251 (10.4%) | 1.32 | 978 |
| 2018-08-01 | $375,450 (5.3%) | $461,644 (2.1%) | 1.26 | 1,168 |
| 2018-09-01 | $369,900 (5.7%) | $450,427 (0.5%) | 1.24 | 1,235 |
| 2018-10-01 | $367,450 (0.0%) | $448,628 (-2.7%) | 1.24 | 1,236 |
| 2018-11-01 | $362,200 (-2.1%) | $438,794 (-6.5%) | 1.23 | 1,223 |
| 2018-12-01 | $364,900 (-3.1%) | $443,344 (-9.0%) | 1.26 | 1,131 |
| 2019-01-01 | $367,950 (-2.5%) | $440,939 (-10.6%) | 1.27 | 1,066 |
| 2019-02-01 | $362,550 (-4.0%) | $423,348 (-13.0%) | 1.22 | 1,026 |
| 2019-03-01 | $364,371 (-2.8%) | $423,742 (-11.5%) | 1.19 | 1,036 |
| 2019-04-01 | $365,000 (-5.0%) | $426,010 (-14.7%) | 1.16 | 1,063 |
| 2019-05-01 | $364,950 (-6.3%) | $429,362 (-13.5%) | 1.14 | 1,140 |
| 2019-06-01 | $364,998 (-5.4%) | $428,208 (-12.4%) | 1.14 | 1,253 |
| 2019-07-01 | $369,900 (-6.3%) | $429,676 (-11.8%) | 1.16 | 1,317 |
| 2019-08-01 | $373,609 (-0.5%) | $434,696 (-5.8%) | 1.18 | 1,298 |
| 2019-09-01 | $371,523 (0.4%) | $443,452 (-1.6%) | 1.19 | 1,287 |
| 2019-10-01 | $372,682 (1.4%) | $453,756 (1.1%) | 1.20 | 1,252 |
| 2019-11-01 | $380,000 (4.9%) | $462,200 (5.3%) | 1.25 | 1,125 |
| 2019-12-01 | $380,000 (4.1%) | $467,481 (5.4%) | 1.27 | 978 |
| 2020-01-01 | $387,475 (5.3%) | $474,112 (7.5%) | 1.29 | 852 |
| 2020-02-01 | $389,900 (7.5%) | $480,831 (13.6%) | 1.28 | 794 |
| 2020-03-01 | $404,975 (11.1%) | $501,706 (18.4%) | 1.27 | 770 |
| 2020-04-01 | $399,450 (9.4%) | $481,605 (13.1%) | 1.25 | 833 |
| 2020-05-01 | $414,900 (13.7%) | $503,742 (17.3%) | 1.26 | 767 |
| 2020-06-01 | $423,925 (16.1%) | $516,805 (20.7%) | 1.25 | 668 |
| 2020-07-01 | $429,450 (16.1%) | $532,956 (24.0%) | 1.24 | 632 |
| 2020-08-01 | $425,000 (13.8%) | $540,325 (24.3%) | 1.22 | 578 |
| 2020-09-01 | $438,075 (17.9%) | $553,802 (24.9%) | 1.26 | 496 |
| 2020-10-01 | $419,999 (12.7%) | $542,943 (19.7%) | 1.20 | 498 |
| 2020-11-01 | $429,900 (13.1%) | $559,831 (21.1%) | 1.26 | 418 |
| 2020-12-01 | $424,500 (11.7%) | $568,387 (21.6%) | 1.26 | 344 |
| 2021-01-01 | $444,500 (14.7%) | $608,697 (28.4%) | 1.33 | 294 |
| 2021-02-01 | $449,300 (15.2%) | $597,622 (24.3%) | 1.31 | 255 |
| 2021-03-01 | $427,400 (5.5%) | $569,909 (13.6%) | 1.21 | 275 |
| 2021-04-01 | $433,625 (8.6%) | $597,237 (24.0%) | 1.17 | 299 |
| 2021-05-01 | $450,000 (8.5%) | $569,194 (13.0%) | 1.20 | 354 |
| 2021-06-01 | $462,218 (9.0%) | $589,623 (14.1%) | 1.22 | 418 |
| 2021-07-01 | $449,950 (4.8%) | $595,122 (11.7%) | 1.19 | 509 |
| 2021-08-01 | $462,104 (8.7%) | $595,086 (10.1%) | 1.23 | 573 |
| 2021-09-01 | $463,500 (5.8%) | $617,436 (11.5%) | 1.24 | 625 |
| 2021-10-01 | $450,000 (7.1%) | $622,429 (14.6%) | 1.20 | 623 |
| 2021-11-01 | $455,225 (5.9%) | $634,623 (13.4%) | 1.22 | 531 |
| 2021-12-01 | $482,975 (13.8%) | $663,040 (16.7%) | 1.31 | 439 |
| 2022-01-01 | $496,475 (11.7%) | $730,178 (20.0%) | 1.34 | 345 |
| 2022-02-01 | $499,000 (11.1%) | $765,098 (28.0%) | 1.30 | 326 |
| 2022-03-01 | $509,950 (19.3%) | $744,159 (30.6%) | 1.28 | 348 |
| 2022-04-01 | $506,630 (16.8%) | $686,111 (14.9%) | 1.21 | 414 |
| 2022-05-01 | $509,998 (13.3%) | $660,496 (16.0%) | 1.17 | 503 |
| 2022-06-01 | $504,945 (9.2%) | $645,544 (9.5%) | 1.12 | 619 |
| 2022-07-01 | $499,900 (11.1%) | $617,545 (3.8%) | 1.13 | 815 |
| 2022-08-01 | $499,000 (8.0%) | $607,389 (2.1%) | 1.15 | 897 |
| 2022-09-01 | $497,000 (7.2%) | $604,679 (-2.1%) | 1.16 | 935 |
| 2022-10-01 | $489,225 (8.7%) | $567,286 (-8.9%) | 1.15 | 975 |
| 2022-11-01 | $484,945 (6.5%) | $570,383 (-10.1%) | 1.17 | 954 |
| 2022-12-01 | $489,000 (1.3%) | $589,835 (-11.0%) | 1.21 | 838 |
| 2023-01-01 | $491,998 (-0.9%) | $589,971 (-19.2%) | 1.22 | 727 |
| 2023-02-01 | $497,000 (-0.4%) | $596,657 (-22.0%) | 1.20 | 646 |
| 2023-03-01 | $500,724 (-1.8%) | $614,653 (-17.4%) | 1.18 | 642 |
| 2023-04-01 | $506,140 (-0.1%) | $627,086 (-8.6%) | 1.18 | 604 |
| 2023-05-01 | $507,450 (-0.5%) | $633,381 (-4.1%) | 1.15 | 639 |
| 2023-06-01 | $503,868 (-0.2%) | $621,945 (-3.7%) | 1.13 | 748 |
| 2023-07-01 | $525,000 (5.0%) | $631,180 (2.2%) | 1.19 | 819 |
| 2023-08-01 | $517,474 (3.7%) | $632,566 (4.2%) | 1.19 | 864 |
| 2023-09-01 | $495,000 (-0.4%) | $610,032 (0.9%) | 1.15 | 881 |
| 2023-10-01 | $489,450 (0.1%) | $606,533 (6.9%) | 1.15 | 905 |
| 2023-11-01 | $481,450 (-0.7%) | $603,261 (5.8%) | 1.15 | 875 |
| 2023-12-01 | $475,000 (-2.9%) | $599,052 (1.6%) | 1.16 | 809 |
| 2024-01-01 | $481,995 (-2.0%) | $611,083 (3.6%) | 1.18 | 728 |
| 2024-02-01 | $489,220 (-1.6%) | $614,220 (2.9%) | 1.18 | 684 |
| 2024-03-01 | $499,000 (-0.3%) | $625,846 (1.8%) | 1.17 | 712 |
| 2024-04-01 | $510,950 (1.0%) | $630,805 (0.6%) | 1.19 | 802 |
| 2024-05-01 | $522,450 (3.0%) | $634,712 (0.2%) | 1.19 | 885 |
| 2024-06-01 | $522,750 (3.8%) | $630,666 (1.4%) | 1.19 | 969 |
| 2024-07-01 | $519,950 (-1.0%) | $634,457 (0.5%) | 1.19 | 1,096 |
| 2024-08-01 | $525,000 (1.5%) | $635,382 (0.5%) | 1.22 | 1,123 |
| 2024-09-01 | $523,950 (5.9%) | $631,585 (3.5%) | 1.23 | 1,094 |
| 2024-10-01 | $522,450 (6.7%) | $626,372 (3.3%) | 1.23 | 1,049 |
| 2024-11-01 | $520,000 (8.0%) | $620,855 (2.9%) | 1.25 | 1,014 |
| 2024-12-01 | $520,000 (9.5%) | $614,898 (2.7%) | 1.29 | 870 |
| 2025-01-01 | $523,000 (8.5%) | $617,326 (1.0%) | 1.31 | 786 |
| 2025-02-01 | $536,850 (9.7%) | $630,824 (2.7%) | 1.30 | 809 |
| 2025-03-01 | $549,900 (10.2%) | $644,944 (3.1%) | 1.29 | 833 |
| 2025-04-01 | $547,225 (7.1%) | $638,059 (1.2%) | 1.27 | 876 |
SALEM's median listing price for 2025-04-01 was $547,225, a difference of
$36,275
(7.1%) versus the prior year and
$-2,675 versus the prior month.
SALEM's median listing price comes in at 127% of the national average.
SALEM's average listing price for 2025-04-01 was $638,059, a difference of $7,254 (1.2%) versus the prior year and $-6,885 versus the prior month.
For the 2025-04-01 period, SALEM had 876 MLS listings, a difference of 43 listings (5%) versus the prior month and 74 listings (9%) versus the prior year.
SALEM's median listing price comes in at 127% of the national average.
SALEM's average listing price for 2025-04-01 was $638,059, a difference of $7,254 (1.2%) versus the prior year and $-6,885 versus the prior month.
For the 2025-04-01 period, SALEM had 876 MLS listings, a difference of 43 listings (5%) versus the prior month and 74 listings (9%) 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 | 69 days | 2,099 sqft |
| 2018-02-01 | 53 days | 2,058 sqft |
| 2018-03-01 | 38 days | 2,032 sqft |
| 2018-04-01 | 39 days | 2,037 sqft |
| 2018-05-01 | 31 days | 2,070 sqft |
| 2018-06-01 | 33 days | 2,030 sqft |
| 2018-07-01 | 41 days | 2,079 sqft |
| 2018-08-01 | 36 days | 2,031 sqft |
| 2018-09-01 | 43 days | 1,994 sqft |
| 2018-10-01 | 55 days | 1,996 sqft |
| 2018-11-01 | 56 days | 1,968 sqft |
| 2018-12-01 | 66 days | 1,969 sqft |
| 2019-01-01 | 73 days | 1,949 sqft |
| 2019-02-01 | 55 days | 1,931 sqft |
| 2019-03-01 | 48 days | 1,955 sqft |
| 2019-04-01 | 45 days | 1,952 sqft |
| 2019-05-01 | 41 days | 1,927 sqft |
| 2019-06-01 | 37 days | 1,950 sqft |
| 2019-07-01 | 40 days | 1,955 sqft |
| 2019-08-01 | 45 days | 1,990 sqft |
| 2019-09-01 | 50 days | 1,998 sqft |
| 2019-10-01 | 52 days | 2,017 sqft |
| 2019-11-01 | 57 days | 2,026 sqft |
| 2019-12-01 | 68 days | 2,005 sqft |
| 2020-01-01 | 75 days | 1,993 sqft |
| 2020-02-01 | 67 days | 1,995 sqft |
| 2020-03-01 | 45 days | 2,023 sqft |
| 2020-04-01 | 46 days | 1,989 sqft |
| 2020-05-01 | 52 days | 2,076 sqft |
| 2020-06-01 | 45 days | 2,144 sqft |
| 2020-07-01 | 35 days | 2,157 sqft |
| 2020-08-01 | 33 days | 2,053 sqft |
| 2020-09-01 | 37 days | 2,097 sqft |
| 2020-10-01 | 38 days | 2,017 sqft |
| 2020-11-01 | 55 days | 2,029 sqft |
| 2020-12-01 | 57 days | 1,989 sqft |
| 2021-01-01 | 37 days | 2,084 sqft |
| 2021-02-01 | 30 days | 1,956 sqft |
| 2021-03-01 | 19 days | 1,873 sqft |
| 2021-04-01 | 19 days | 1,868 sqft |
| 2021-05-01 | 14 days | 1,879 sqft |
| 2021-06-01 | 18 days | 1,944 sqft |
| 2021-07-01 | 22 days | 1,933 sqft |
| 2021-08-01 | 24 days | 1,938 sqft |
| 2021-09-01 | 28 days | 1,907 sqft |
| 2021-10-01 | 32 days | 1,856 sqft |
| 2021-11-01 | 37 days | 1,876 sqft |
| 2021-12-01 | 44 days | 1,932 sqft |
| 2022-01-01 | 52 days | 1,952 sqft |
| 2022-02-01 | 28 days | 1,893 sqft |
| 2022-03-01 | 27 days | 1,905 sqft |
| 2022-04-01 | 22 days | 1,864 sqft |
| 2022-05-01 | 25 days | 1,912 sqft |
| 2022-06-01 | 23 days | 1,897 sqft |
| 2022-07-01 | 29 days | 1,855 sqft |
| 2022-08-01 | 36 days | 1,901 sqft |
| 2022-09-01 | 46 days | 1,899 sqft |
| 2022-10-01 | 48 days | 1,842 sqft |
| 2022-11-01 | 55 days | 1,812 sqft |
| 2022-12-01 | 71 days | 1,848 sqft |
| 2023-01-01 | 83 days | 1,846 sqft |
| 2023-02-01 | 84 days | 1,863 sqft |
| 2023-03-01 | 56 days | 1,890 sqft |
| 2023-04-01 | 50 days | 1,851 sqft |
| 2023-05-01 | 34 days | 1,871 sqft |
| 2023-06-01 | 33 days | 1,805 sqft |
| 2023-07-01 | 40 days | 1,865 sqft |
| 2023-08-01 | 45 days | 1,865 sqft |
| 2023-09-01 | 51 days | 1,824 sqft |
| 2023-10-01 | 55 days | 1,815 sqft |
| 2023-11-01 | 58 days | 1,790 sqft |
| 2023-12-01 | 71 days | 1,781 sqft |
| 2024-01-01 | 79 days | 1,733 sqft |
| 2024-02-01 | 73 days | 1,746 sqft |
| 2024-03-01 | 50 days | 1,815 sqft |
| 2024-04-01 | 37 days | 1,865 sqft |
| 2024-05-01 | 39 days | 1,881 sqft |
| 2024-06-01 | 46 days | 1,896 sqft |
| 2024-07-01 | 47 days | 1,878 sqft |
| 2024-08-01 | 50 days | 1,900 sqft |
| 2024-09-01 | 63 days | 1,888 sqft |
| 2024-10-01 | 65 days | 1,879 sqft |
| 2024-11-01 | 65 days | 1,873 sqft |
| 2024-12-01 | 74 days | 1,850 sqft |
| 2025-01-01 | 79 days | 1,865 sqft |
| 2025-02-01 | 79 days | 1,882 sqft |
| 2025-03-01 | 56 days | 1,883 sqft |
| 2025-04-01 | 51 days | 1,886 sqft |
SALEM's median listing age (time on market) for 2025-04-01 was 51 days.
This
is 38%
longer
than the same period one year ago.
SALEM's median square footage for active listings during the 2025-04-01 period was 1,886 sqft. One year prior, the average listing was 1,865 sqft.
SALEM's median square footage for active listings during the 2025-04-01 period was 1,886 sqft. One year prior, the average listing was 1,865 sqft.
SALEM, OR Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 4,012 | $1,517,860,000 | $378,330 |
| Home Improvement | 1,081 | $113,455,000 | $104,954 |
| Cash Out Refi | 961 | $237,815,000 | $247,466 |
| Other | 935 | $100,875,000 | $107,888 |
| Refi | 686 | $329,730,000 | $480,656 |
| NA | 2 | $540,000 | $270,000 |
Salem's most frequently cited loan purpose was Home Purchase, with 4,012 originations. The 2nd most popular reason was Home Improvement, with 1,081 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 2,732 | $1,015,000,000 | $371,523 |
| Over 8% | 2,197 | $283,915,000 | $129,228 |
| 7-8% | 1,351 | $412,595,000 | $305,400 |
| 5-6% | 1,169 | $507,645,000 | $434,256 |
| 4-5% | 144 | $57,570,000 | $399,792 |
| <2.5% | 34 | $5,230,000 | $153,824 |
| 2.5-3% | 13 | $5,355,000 | $411,923 |
| 3-4% | 10 | $2,890,000 | $289,000 |
During 2024, Salem's most frequently originated rate bucket was 6-7%, with 2,732 originations.
Loan Sizing (SALEM, OR MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 2,918 | $916,570,000 | $314,109 |
| $100,000 or less | 1,759 | $96,425,000 | $54,818 |
| $400k-600k | 1,606 | $746,250,000 | $464,664 |
| $100k-200k | 1,039 | $142,565,000 | $137,214 |
| $600k-1000k | 304 | $212,900,000 | $700,329 |
| $Over $1MM | 51 | $185,565,000 | $3,638,529 |
SALEM's loan sizing saw the bucket of loans from $200k-400k with 2,918 originations, totaling $916,570,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,847 | $1,172,235,000 | $411,744 |
| Under 20% | 1,756 | $111,990,000 | $63,776 |
| 60-80% | 1,223 | $498,125,000 | $407,298 |
| 20-40% | 967 | $189,805,000 | $196,282 |
| 40-60% | 682 | $230,810,000 | $338,431 |
| Over 100% | 93 | $56,805,000 | $610,806 |
SALEM's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,847 originations, totaling $1,172,235,000 in origination value.