Salem, IL Housing Market
The Salem housing market is somewhat competitive. The median sale price of a home in Salem was $60K last month, down 49.3% since last year. The median sale price per square foot in Salem is $105, up 22.8% since last year.
Salem Housing Market Trends
In January 2025, Salem home prices were down 49.3% compared to last year, selling for a median price of $60K. On average, homes in Salem sell after 99 days on the market compared to 55 days last year. There were 8 homes sold in January this year, up from 7 last year.
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How much is your home worth? Track your home’s value and compare it to nearby sales.
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 6 months
- Some homes get multiple offers.
- The average homes sell for about 5% below list price and go pending in around 41 days.
- Hot homescan sell for around list price and go pending in around 16 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 5% below list price and go pending in around 49 days.
- Hot homescan sell for around list price and go pending in around 37 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 49 days.
- Hot homescan sell for about 1% above list price and go pending in around 29 days.
Salem Migration & Relocation Trends
- Across the nation, 0.43% 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.
- 69% 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 | Nov '24 - Jan '25 | ||
1 | 192 | ||
2 | 125 | ||
3 | 110 | ||
4 | 100 | ||
5 | 90 | ||
6 | 70 | ||
7 | 59 | ||
8 | 51 | ||
9 | 43 | ||
10 | 42 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Nov '24 - Jan '25 | ||
1 | 948 | ||
2 | 769 | ||
3 | 136 | ||
4 | 136 | ||
5 | 86 | ||
6 | 74 | ||
7 | 61 | ||
8 | 60 | ||
9 | 49 | ||
10 | 48 |
View houses in Salem that sold recently
Recently sold homes
- $210,000 Last Sold Price5 beds2.5 baths2,872 sq ft110 Woodland Dr, Salem, IL 62881List Price$210,000Sale to List0% over listDays on Market126 days110 Woodland Dr, Salem, IL 62881
- $271,500 Last Sold Price3 beds2 baths1,468 sq ft3540 Robin Rd, Salem, IL 62881List Price$279,000Sale to List3% under listDays on Market74 days3540 Robin Rd, Salem, IL 62881
- $60,000 Last Sold Price2 beds1 bath936 sq ft628 W Warmoth St, Salem, IL 62881List Price$69,000Sale to List13% under listDays on Market73 days628 W Warmoth St, Salem, IL 62881
- $135,000 Last Sold Price3 beds1 bath1,280 sq ft500 S Castle, Salem, IL 62881List Price$130,000Sale to List4% over listDays on Market98 days500 S Castle, Salem, IL 62881
- $35,000 Last Sold Price3 beds1 bath980 sq ft219 E Williams St, Salem, IL 62881List Price$40,000Sale to List13% under listDays on Market177 days219 E Williams St, Salem, IL 62881
- $27,500 Last Sold Price—beds—baths—sq ft5665 Woodard School Rd, Salem, IL 62881List Price$26,500Sale to List4% over listDays on Market33 days5665 Woodard School Rd, Salem, IL 62881
- $70,000 Last Sold Price—beds—baths—sq ft000 Hawthorn Rd, Salem, IL 62881List Price$70,000Sale to List0% over listDays on Market30 days000 Hawthorn Rd, Salem, IL 62881
- $135,900 Last Sold Price3 beds1.5 baths920 sq ft904 N Lincoln St, Salem, IL 62881List Price$135,900Sale to List0% over listDays on Market37 days904 N Lincoln St, 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
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Fire Factor - Moderate
Fire Factor
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Wind Factor - Minor
Wind Factor
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Wind likelihood over time
Heat Factor - Moderate
Heat Factor
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