Salem, IL Housing Market
The Salem housing market is somewhat competitive. The median sale price of a home in Salem was $134K last month, up 11.3% since last year. The median sale price per square foot in Salem is $103, up 23.2% since last year.
Salem Housing Market Trends
In February 2025, Salem home prices were up 11.3% compared to last year, selling for a median price of $134K. On average, homes in Salem sell after 62 days on the market compared to 33 days last year. There were 8 homes sold in February this year, up from 4 last year.

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How hot is the Salem housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 7% below list price and go pending in around 62 days.
- Hot homescan sell for around list price and go pending in around 27 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 4% below list price and go pending in around 44 days.
- Hot homescan sell for about 1% above list price and go pending in around 32 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
- Some homes get multiple offers.
- The average homes sell for about 6% below list price and go pending in around 54 days.
- Hot homescan sell for around list price and go pending in around 30 days.
Salem Migration & Relocation Trends
- Across the nation, 0.41% of homebuyers searched to move into Salem from outside metros.
- Los Angeles homebuyers searched to move into Salem more than any other metro followed by New York and Seattle.
- 68% of Salem homebuyers searched to stay within the Salem metropolitan area.
- Houston was the most popular destination among Salem homebuyers followed by Chicago and Minneapolis.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Jan '25 - Mar '25 | ||
1 | 212 | ||
2 | 121 | ||
3 | 120 | ||
4 | 96 | ||
5 | 92 | ||
6 | 80 | ||
7 | 78 | ||
8 | 57 | ||
9 | 54 | ||
10 | 48 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jan '25 - Mar '25 | ||
1 | 1,256 | ||
2 | 732 | ||
3 | 140 | ||
4 | 120 | ||
5 | 118 | ||
6 | 96 | ||
7 | 94 | ||
8 | 72 | ||
9 | 70 | ||
10 | 68 |
View houses in Salem that sold recently
Recently sold homes
- $180,000 Last Sold Price2 beds2 baths1,656 sq ft440 Indiana Ave, Salem, IL 62881List Price$187,000Sale to List4% under listDays on Market256 days440 Indiana Ave, Salem, IL 62881
- $110,000 Last Sold Price2 beds2 baths1,234 sq ft1019 W Bennett, Salem, IL 62881List Price$105,000Sale to List5% over listDays on Market20 days1019 W Bennett, Salem, IL 62881
- $70,000 Last Sold Price2 beds1.5 baths1,002 sq ft921 N Ohio Ave, Salem, IL 62881List Price$79,900Sale to List12% under listDays on Market45 days921 N Ohio Ave, Salem, IL 62881
- $135,900 Last List Price2 beds1 bath1,096 sq ft740 Warmouth, Salem, IL 62881List Price—Sale to List—Days on Market112 days740 Warmouth, Salem, IL 62881
- $259,000 Last Sold Price3 beds3.5 baths2,700 sq ft912 N Illinois St, Salem, IL 62881List Price$259,000Sale to List0% over listDays on Market55 days912 N Illinois St, Salem, IL 62881
- $135,000 Last Sold Price3 beds1 bath1,355 sq ft1511 N College St, Salem, IL 62881List Price$142,500Sale to List5% under listDays on Market47 days1511 N College St, Salem, IL 62881
- $136,000—beds—baths1,512 sq ft1109 S Marion Ave, Salem, IL 62881List Price—Sale to List—Days on Market—1109 S Marion Ave, Salem, IL 62881
- $255,000 Last Sold Price3 beds1.5 baths1,758 sq ft2389 Selmaville Rd, Salem, IL 62881List Price$264,800Sale to List4% under listDays on Market327 days2389 Selmaville Rd, Salem, IL 62881
See all recently sold homes in Salem.
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Schools in Salem
- Elementary
- Middle
- High
GreatSchools Rating
8/10 Franklin Park Middle School Public • PreK-8 | 584 Students | N/A |
6/10 Hawthorn Elementary School Public • K-3 | 382 Students | N/A |
Climate's impact on Salem housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Salem.
Flood Factor - Minor
Flood Factor

Fire Factor - Moderate
Fire Factor

Wind Factor - Minor
Wind Factor

Wind likelihood over time
Heat Factor - Moderate
Heat Factor

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