Salem, IL Housing Market
The Salem housing market is somewhat competitive. The median sale price of a home in Salem was $128K last month, up 177.2% since last year. The median sale price per square foot in Salem is $100, up 119.8% since last year.
Salem Housing Market Trends
In September 2025, Salem home prices were up 177.2% compared to last year, selling for a median price of $128K. On average, homes in Salem sell after 79 days on the market compared to 26 days last year. There were 11 homes sold in September this year, up from 4 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 5% below list price and go pending in around 66 days.
- Hot homescan sell for about 3% above list price and go pending in around 12 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 52 days.
- Hot homescan sell for about 1% above list price and go pending in around 33 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 58 days.
- Hot homescan sell for around list price and go pending in around 35 days.
Salem Migration & Relocation Trends
- Across the nation, 0.40% 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 Nashville.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Jun '25 - Aug '25 | ||
1 | 208 | ||
2 | 110 | ||
3 | 97 | ||
4 | 84 | ||
5 | 82 | ||
6 | 65 | ||
7 | 47 | ||
8 | 39 | ||
9 | 38 | ||
10 | 32 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jun '25 - Aug '25 | ||
1 | 1,238 | ||
2 | 644 | ||
3 | 237 | ||
4 | 234 | ||
5 | 168 | ||
6 | 139 | ||
7 | 97 | ||
8 | 84 | ||
9 | 81 | ||
10 | 69 |
View houses in Salem that sold recently
Recently sold homes
- $175,000 Last List Price4 beds2 baths2,080 sq ft1103 W Boone St, Salem, IL 62881List Price—Sale to List—Days on Market148 days1103 W Boone St, Salem, IL 62881
- $68,000 Last Sold Price4 beds2 baths1,366 sq ft304 S Castle St, Salem, IL 62881List Price$68,000Sale to List0% over listDays on Market194 days304 S Castle St, Salem, IL 62881
- $200,000 Last Sold Price4 beds2 baths2,236 sq ft102 Hawthorne Ests, Salem, IL 62881List Price$235,000Sale to List15% under listDays on Market114 days102 Hawthorne Ests, Salem, IL 62881
- $150,000 Last Sold Price3 beds1 bath1,089 sq ft521 W Park St, Salem, IL 62881List Price$155,000Sale to List3% under listDays on Market66 days521 W Park St, Salem, IL 62881
- $34,000 Last Sold Price4 beds1.5 baths1,904 sq ft314 S Franklin, Salem, IL 62881List Price$38,000Sale to List11% under listDays on Market58 days314 S Franklin, Salem, IL 62881
- $148,500 Last Sold Price4 beds2.5 baths1,436 sq ft515 Oglesby St, Salem, IL 62881List Price$140,000Sale to List6% over listDays on Market48 days515 Oglesby St, Salem, IL 62881
- $170,000 Last Sold Price2 beds2 baths1,840 sq ft303 N Indiana Ave, Salem, IL 62881List Price$167,500Sale to List1% over listDays on Market97 days303 N Indiana Ave, Salem, IL 62881
- $248,500—beds—baths2,192 sq ft4878c J Heck Rd, Salem, IL 62881List Price—Sale to List—Days on Market—4878c J Heck Rd, Salem, IL 62881
See all recently sold homes in Salem.
See listings
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

More real estate resources for Salem
New Listings in Salem
Nearby City Housing Markets
Zip Code Housing Markets
Nearby City Listings
Zip Code Listings
About us
Find us
Subsidiaries
Affiliated Business
Copyright: © 2025 Redfin. All rights reserved.
Updated January 2023: By searching, you agree to the Terms of Use, and Privacy Policy.
Do not sell or share my personal information.
REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.
California DRE #01521930
Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures
New Mexico Real Estate Licenses
TREC: Info About Brokerage Services, Consumer Protection Notice
All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.
Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.
If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.
REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.