54Alpha

Salem, OH metro area Housing Market Brief

metro · as of May 2026

Balanced

What is Salem, OH metro area’s Alpha Score?

The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.

Price Momentum20%
+4.727
Inventory Health25%
+1.445
Affordability20%
87
Economic Strength20%
No data
50
Rental Yield15%
67

Where is Salem, OH metro area in its market cycle?

EmergingGrowingMaturePeakingDecliningRecovering

Salem, OH metro area is classified as Growingstrengthening, with scores rising over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.

Salem, OH metro area housing market data

MetricValueYoY
Median Sale Price$170K-8.3%
Median Days on Market42 days-26.3%
Months of Supply2.90%
Homes for Sale235▲ +3.5%
Homes Sold80▲ +1.3%
Median Price / Sq Ft$118-16.6%
Sale-to-List Ratio95.5%-0.8%

How has Salem, OH metro area’s Alpha Score moved?

Now: 54
4-period trend
Median sale price · 12 mo

Markets like Salem, OH metro area

Frequently asked questions

Is Salem, OH metro area a buyer's or seller's market?

As of May 2026, Salem, OH metro area is classified as a Balanced Market, based on its Alpha Score of 54 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.

Are home prices rising or falling in Salem, OH metro area?

The median sale price in Salem, OH metro area is $170K, having fallen 8.3% over the past year.

How affordable is Salem, OH metro area?

Salem, OH metro area scores 87 out of 100 on affordability — relatively affordable relative to local incomes and prevailing mortgage rates compared with other metros.

What's driving Salem, OH metro area's Alpha Score?

Salem, OH metro area's strongest dimension is Affordability (87/100) and its weakest is Price Momentum (27/100). The Alpha Score is a weighted blend of all five dimensions.

Want the live, interactive view of Salem, OH metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.