All Home Types
Salem, IL Housing Market
What is the housing market like in Salem today?
In October 2024, Salem home prices were up 20.9% compared to last year, selling for a median price of $151K. On average, homes in Salem sell after 37 days on the market compared to 42 days last year. There were 8 homes sold in October this year, up from 6 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$150,500
+20.9% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Salem, IL
$150,500
+20.9%
United States
Salem Migration & Relocation Trends
In Sep '24 - Nov '24, 29% of Salem homebuyers searched to move out of Salem, while 71% looked to stay within the metropolitan area.
- Across the nation, 0.45% 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 Seattle and San Francisco.
Where are people moving to Salem from?
- 71% of Salem homebuyers searched to stay within the Salem metropolitan area.
- Chicago was the most popular destination among Salem homebuyers followed by Philadelphia and Minneapolis.
Where are people from Salem moving to?
Number of People Moving to Salem
least
most
People are moving to Salem from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 248 | ||
| 2 | 116 | ||
| 3 | 101 | ||
| 4 | 96 | ||
| 5 | 93 | ||
| 6 | 62 | ||
| 7 | 58 | ||
| 8 | 57 | ||
| 9 | 48 | ||
| 10 | 40 | ||
People are leaving Salem for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 865 | ||
| 2 | 319 | ||
| 3 | 176 | ||
| 4 | 170 | ||
| 5 | 61 | ||
| 6 | 54 | ||
| 7 | 50 | ||
| 8 | 48 | ||
| 9 | 47 | ||
| 10 | 44 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Salem.
Provided by First Street Foundation
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