Salem, IL Housing Market
The Salem housing market is somewhat competitive. The median sale price of a home in Salem was $150K last month, down 0.33% since last year. The median sale price per square foot in Salem is $89, down 16.4% since last year.
Salem Housing Market Trends
In October 2025, Salem home prices were down 0.33% compared to last year, selling for a median price of $150K. On average, homes in Salem sell after 58 days on the market compared to 37 days last year. There were 11 homes sold in October this year, up from 8 last year.

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 3 months
- Some homes get multiple offers.
- The average homes sell for about 4% below list price and go pending in around 59 days.
- Hot homescan sell for around 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 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 6% below list price and go pending in around 46 days.
- Hot homescan sell for about 2% above list price and go pending in around 26 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 8% below list price and go pending in around 62 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 Washington and Champaign.
- 65% of Salem homebuyers searched to stay within the Salem metropolitan area.
- Houston was the most popular destination among Salem homebuyers followed by Chicago and Las Vegas.
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Aug '25 - Oct '25 | ||
| 1 | 335 | ||
| 2 | 92 | ||
| 3 | 82 | ||
| 4 | 78 | ||
| 5 | 73 | ||
| 6 | 59 | ||
| 7 | 50 | ||
| 8 | 46 | ||
| 9 | 42 | ||
| 10 | 41 | ||
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Aug '25 - Oct '25 | ||
| 1 | 1,146 | ||
| 2 | 608 | ||
| 3 | 318 | ||
| 4 | 199 | ||
| 5 | 145 | ||
| 6 | 120 | ||
| 7 | 113 | ||
| 8 | 90 | ||
| 9 | 68 | ||
| 10 | 64 | ||
View houses in Salem that sold recently
Recently sold homes
- $174,000 Last Sold Price3 beds2 baths1,384 sq ft437 Prairie View Dr, Salem, IL 62881List Price$189,000Sale to List8% under listDays on Market85 days437 Prairie View Dr, Salem, IL 62881
- $82,000 Last Sold Price2 beds1 bath865 sq ft621 E Oglesby, Salem, IL 62881List Price$89,900Sale to List9% under listDays on Market194 days621 E Oglesby, Salem, IL 62881
- $139,000 Last Sold Price4 beds1 bath1,302 sq ft805 N Reel St, Salem, IL 62881List Price$134,000Sale to List4% over listDays on Market55 days805 N Reel St, Salem, IL 62881
- $335,000 Last Sold Price5 beds3 baths3,584 sq ft402A Edgewood Rd, Salem, IL 62881List Price$365,000Sale to List8% under listDays on Market220 days402A Edgewood Rd, Salem, IL 62881
- $120,000 Last List Price3 beds1 bath1,092 sq ft222 Westport Dr, Salem, IL 62881List Price—Sale to List—Days on Market83 days222 Westport Dr, Salem, IL 62881
- $90,000 Last Sold Price—beds—baths—sq ft401 E Main St, Salem, IL 62881List Price$130,000Sale to List31% under listDays on Market254 days401 E Main St, Salem, IL 62881
- $140,000 Last Sold Price3 beds2 baths1,564 sq ft214 Northwood Ln, Salem, IL 62881List Price$149,000Sale to List6% under listDays on Market98 days214 Northwood Ln, Salem, IL 62881
- $395,000 Last Sold Price4 beds2 baths2,496 sq ft4538 Harris Rd, Salem, IL 62881List Price$405,000Sale to List2% under listDays on Market74 days4538 Harris 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 Hawthorn Elementary School Public • K-3 | 399 Students | N/A |
7/10 Franklin Park Middle School Public • PreK-8 | 529 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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