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SALEM, IL 62881

Real Estate Market Report  ·  Marion County
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The SALEM, IL real estate market (62881) currently shows 36 active listings, with 13 pending sales. Homes are averaging 56 days on the market before going under contract.

Inventory has tightened compared to last year, with 18 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 56 days on market compared to 50 days last year.

The median listing price has fallen 1.2% year-over-year, from $170,500 to $168,500.

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Market Context

Market Context

Population: 10,995  ·  Density: 42.8/mi²  ·  Median household income: $64,688

Typical home value: $103,245  ·  Homeownership: 70.7%

Market Overview

Active Listings
36
⇩ 33.3% vs 54 last year
Pending
13
36% pending ratio
Median Price
$168,500
⇩ 1.2% vs $170,500 last year
Average Price
$210,762
⇩ 3.4% vs $218,088 last year
Days on Market
56
⇧ 12% vs 50 days last year

Price Per Square Foot

Median $/sqft
$111
⇧ 3.7% vs $107/sqft last year
Median Home Size
1,551 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 36 this year vs 54 last year
  • Days on market: 56 now vs 50 last year

Median & Average Pricing

Year over Year
  • Median: $168,500 (-1.2% YoY)
  • Average: $210,762 (-3.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 23.6 miles — 139 listings ($30,245,831 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62881Salem, IL 628810.0 mi34$5,782,584$154,450$170,076
62807Alma, IL 628077.8 mi3$720,000$240,000$240,000
62849Iuka, IL 628499.1 mi7$1,450,680$250,000$207,240
62854Kinmundy, IL 6285410.9 mi3$621,000$180,000$207,000
62830Dix, IL 6283013.3 mi2$400,000$200,000$200,000
62892Vernon, IL 6289214.2 mi0$0$148,000$148,000
62899Xenia, IL 6289915.4 mi5$1,119,900$211,225$223,980
62838Farina, IL 6283818.8 mi3$414,825$130,950$138,275
62850Johnsonville, IL 6285020.8 mi2$135,332$67,666$67,666
62864Mount Vernon, IL 6286421.1 mi74$18,480,242$228,750$249,733
62253Keyesport, IL 6225322.1 mi1$519,000$519,000$519,000
62426Edgewood, IL 6242623.1 mi1$48,000$48,000$48,000
62803Hoyleton, IL 6280323.6 mi4$554,268$140,750$138,567

Frequently Asked Questions

How many homes are for sale in SALEM, IL 62881?

As of September 2026, there are 36 active listings in SALEM, IL (zip code 62881), compared to 54 the prior year.

What is the median home price in SALEM, IL 62881?

The median listing price in SALEM, IL 62881 is $168,500 as of September 2026, a 1.2% decrease from $170,500 the prior year.

How long do homes stay on the market in SALEM, IL?

Homes in SALEM, IL 62881 spend an average of 56 days on the market before going under contract, compared to 50 days the prior year.

Is it a seller's or buyer's market in SALEM, IL 62881?

Based on current inventory and days-on-market data as of September 2026, SALEM, IL 62881 is currently a Balanced Market. Inventory has tightened compared to last year, with 18 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 56 days on market compared to 50 days last year.

How much can I save on real estate commission in SALEM, IL?

With SELL123.com's maximum 3% commission, sellers in SALEM, IL 62881 save an estimated $3,370 compared to a typical 5% commission on the median listing price of $168,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.