Salem, IL Housing Market
The Salem housing market is somewhat competitive. The median sale price of a home in Salem was $150K last month, up 18.1% since last year. The median sale price per square foot in Salem is $114, up 40.7% since last year.
Salem Housing Market Trends
In May 2025, Salem home prices were up 18.1% compared to last year, selling for a median price of $150K. On average, homes in Salem sell after 48 days on the market compared to 43 days last year. There were 10 homes sold in May this year, up from 10 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 2% below list price and go pending in around 37 days.
- Hot homescan sell for about 1% above list price and go pending in around 21 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 3% below list price and go pending in around 57 days.
- Hot homescan sell for about 1% above list price and go pending in around 39 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 79 days.
- Hot homescan sell for around list price and go pending in around 18 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.
- 67% of Salem homebuyers searched to stay within the Salem metropolitan area.
- Houston was the most popular destination among Salem homebuyers followed by Chicago and Nashville.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Feb '25 - Apr '25 | ||
1 | 242 | ||
2 | 123 | ||
3 | 105 | ||
4 | 97 | ||
5 | 83 | ||
6 | 82 | ||
7 | 78 | ||
8 | 65 | ||
9 | 43 | ||
10 | 38 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '25 - Apr '25 | ||
1 | 1,339 | ||
2 | 732 | ||
3 | 164 | ||
4 | 158 | ||
5 | 152 | ||
6 | 107 | ||
7 | 104 | ||
8 | 89 | ||
9 | 75 | ||
10 | 67 |
View houses in Salem that sold recently
Recently sold homes
- $168,643 Last Sold Price3 beds2 baths1,366 sq ft310 Woodland Dr, Salem, IL 62881List Price$165,000Sale to List2% over listDays on Market42 days310 Woodland Dr, Salem, IL 62881
- $340,000 Last Sold Price5 beds2.5 baths4,459 sq ft3621 Andrews Ct, Salem, IL 62881List Price$340,000Sale to List0% over listDays on Market56 days3621 Andrews Ct, Salem, IL 62881
- $350,000 Last Sold Price3 beds3.5 baths5,476 sq ft101 Lost Hollow Dr, Salem, IL 62881List Price$360,000Sale to List3% under listDays on Market119 days101 Lost Hollow Dr, Salem, IL 62881
- $229,500 Last Sold Price4 beds2 baths1,919 sq ft526 Hardacre Rd, Salem, IL 62881List Price$229,500Sale to List0% over listDays on Market1 day526 Hardacre Rd, Salem, IL 62881
- $256,000 Last Sold Price5 beds3 baths3,712 sq ft222 W Porter, Salem, IL 62881List Price$265,000Sale to List3% under listDays on Market52 days222 W Porter, Salem, IL 62881
- $175,000 Last Sold Price3 beds2 baths1,584 sq ft914 Meadow Ln, Salem, IL 62881List Price$172,000Sale to List2% over listDays on Market34 days914 Meadow Ln, Salem, IL 62881
- $126,000 Last Sold Price2 beds1 bath936 sq ft628 W Warmouth St, Salem, IL 62881-1441List Price$121,000Sale to List4% over listDays on Market74 days628 W Warmouth St, Salem, IL 62881-1441
- $1,056,000 Last List Price5 beds3.5 baths1,800 sq ft4521 England Rd, Salem, IL 62881List Price—Sale to List—Days on Market55 days4521 England Rd, Salem, IL 62881
See all recently sold homes in Salem.
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Schools in Salem
- Elementary
- Middle
- High
GreatSchools Rating
7/10 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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