62881, IL Housing Market
The 62881 housing market is somewhat competitive. The median sale price of a home in 62881 was $143K over the last 3 months, down 16.7% since the same period last year. The median sale price per square foot in 62881 is $111, up 36.2% since last year.
62881 Housing Market Trends
Over the three months ending June 2026, 62881 home prices were down 16.7% compared to the same period last year, selling for a median price of $143K. On average, homes in 62881 sell after 51 days on the market compared to 40 days last year. There were 26 homes sold in June this year, down from 34 last year.

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How hot is the 62881 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 46 days.
- Hot homescan sell for around list price and go pending in around 34 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 4% below list price and go pending in around 71 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
- Some homes get multiple offers.
- The average homes sell for about 4% below list price and go pending in around 50 days.
- Hot homescan sell for around list price and go pending in around 28 days.
View houses in 62881 that sold recently
Recently sold homes
- $239,000 Last Sold Price3 beds2 baths2,275 sq ft508 Indiana Ave, Salem, IL 62881List Price$249,900Sale to List4% under listDays on Market55 days508 Indiana Ave, Salem, IL 62881
- $140,000 Last Sold Price3 beds2 baths1,408 sq ft145 Hickory Grove St, Salem, IL 62881List Price$138,900Sale to List1% over listDays on Market180 days145 Hickory Grove St, Salem, IL 62881
- $83,000 Last Sold Price2 beds1 bath1,485 sq ft212 W Allmon St, Salem, IL 62881List Price$88,900Sale to List7% under listDays on Market143 days212 W Allmon St, Salem, IL 62881
- $85,000 Last Sold Price3 beds1 bath1,604 sq ft615 N Indiana Ave, Salem, IL 62881List Price$94,900Sale to List10% under listDays on Market35 days615 N Indiana Ave, Salem, IL 62881
- $169,000 Last Sold Price4 beds2 baths1,848 sq ft2114 Cedar Ave Ave, Salem, IL 62881List Price$178,900Sale to List6% under listDays on Market212 days2114 Cedar Ave Ave, Salem, IL 62881
- $900,000 Last List Price0 beds—baths—sq ft3547 College Rd, Salem, IL 62881List Price—Sale to List—Days on Market135 days3547 College Rd, Salem, IL 62881
- $175,000—beds—baths1,060 sq ft4370 England Rd, Salem, IL 62881List Price—Sale to List—Days on Market—4370 England Rd, Salem, IL 62881
- $95,000 Last Sold Price2 beds1 bath1,156 sq ft501 N Shelby Ave, Salem, IL 62881List Price$105,000Sale to List10% under listDays on Market117 days501 N Shelby Ave, Salem, IL 62881
See all recently sold homes in 62881.
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Schools in 62881
- Elementary
- Middle
- High
GreatSchools Rating
7/10 Franklin Park Middle School Public • PreK-8 | 533 Students | N/A |
6/10 Hawthorn Elementary School Public • K-3 | 417 Students | N/A |
4/10 Selmaville Elementary School Public • PreK-8 | 223 Students | 4 reviews |
Climate's impact on 62881 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in 62881.
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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