Housing in Salem, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$153,000
Median List Price
$124,500
Price Per Sq Ft
$123
Days on Market
49
Active Inventory
15
Months of Supply
2.5
Seller's market
Zillow Home Value
$137,886
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
16.7%
Off Market in 2 Weeks
16.7%
Sale-to-List Ratio
97.0%
Buyer's market
Market Activity
Source: RedfinHomes Sold
6
New Listings
8
Pending Sales
6
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$123
Median List $/SF
$110
Salem vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Salem is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$99,800
Median Rent
$752
Total Housing Units
3,340
Vacancy Rate
7.8%
Owner Occupied
62.8%
Renter Occupied
37.2%
Median Property Tax
$1,837
per year
Monthly Cost (w/ Mortgage)
$778
Housing Types
The current median sale price in Salem, IL is $153,000 according to Redfin data. Homes spend a median of 49 days on the market. 16.7% of homes sold above asking price. The market has 2.5 months of supply. The median price per square foot is $123. The median rent is $752 per month (Census ACS). About 62.8% of housing units are owner-occupied. The median year homes were built is 1970. There are 3,340 total housing units.