Salem, IL
Housing market overview · Updated weekly
$125,000median sale price
Homes sold
1
Last 12 weeks
Days on market
168
Average pace
Active listings
16
16.0 months supply
Sale-to-list
89.9%
Below asking
The Salem housing market is currently classified as a buyer's market with a median sale price of $125,000. Prices have fallen 6.4% compared to last year, with homes spending an average of 168 days on market, indicating 16.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Salem
There are currently 16 homes listed for sale in Salem, Illinois. The median listing price is $99K.
Active listings
16
Homes on market
Median list price
$99K
Avg. days on market
168
Days until sale
New this week
2
Newly listed
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Frequently asked questions
What is the average home price in Salem?
The median home sale price in Salem is $125,000, down 6.4% from last year.
How long do homes stay on market in Salem?
Homes typically spend 168 days on market before going under contract.
Is Salem a buyer's or seller's market?
With 16.0 months of supply, Salem is currently a buyer's market.
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