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.
Population: 10,995 · Density: 42.8/mi² · Median household income: $64,688
Typical home value: $103,245 · Homeownership: 70.7%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 62881 | Salem, IL 62881 | 0.0 mi | 34 | $5,782,584 | $154,450 | $170,076 |
| 62807 | Alma, IL 62807 | 7.8 mi | 3 | $720,000 | $240,000 | $240,000 |
| 62849 | Iuka, IL 62849 | 9.1 mi | 7 | $1,450,680 | $250,000 | $207,240 |
| 62854 | Kinmundy, IL 62854 | 10.9 mi | 3 | $621,000 | $180,000 | $207,000 |
| 62830 | Dix, IL 62830 | 13.3 mi | 2 | $400,000 | $200,000 | $200,000 |
| 62892 | Vernon, IL 62892 | 14.2 mi | 0 | $0 | $148,000 | $148,000 |
| 62899 | Xenia, IL 62899 | 15.4 mi | 5 | $1,119,900 | $211,225 | $223,980 |
| 62838 | Farina, IL 62838 | 18.8 mi | 3 | $414,825 | $130,950 | $138,275 |
| 62850 | Johnsonville, IL 62850 | 20.8 mi | 2 | $135,332 | $67,666 | $67,666 |
| 62864 | Mount Vernon, IL 62864 | 21.1 mi | 74 | $18,480,242 | $228,750 | $249,733 |
| 62253 | Keyesport, IL 62253 | 22.1 mi | 1 | $519,000 | $519,000 | $519,000 |
| 62426 | Edgewood, IL 62426 | 23.1 mi | 1 | $48,000 | $48,000 | $48,000 |
| 62803 | Hoyleton, IL 62803 | 23.6 mi | 4 | $554,268 | $140,750 | $138,567 |
As of September 2026, there are 36 active listings in SALEM, IL (zip code 62881), compared to 54 the prior year.
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.
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.
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.
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.