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SALEM, IL 62881

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

Market Overview

Active Listings
38
⇧ 11.8% vs 34 last year
Pending
11
29% pending ratio
Median Price
$149,000
⇩ 20.2% vs $186,625 last year
Average Price
$164,379
⇩ 13.1% vs $189,165 last year
Days on Market
80
⇩ 17.5% vs 97 days last year

Market Context

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

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

Market Analysis

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

The SALEM, IL real estate market (62881) currently shows 38 active listings, with 11 pending sales. Homes are averaging 80 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are selling faster, averaging 80 days on market compared to 97 days last year.

The median listing price has fallen 20.2% year-over-year, from $186,625 to $149,000.

Whether you are buying or selling in SALEM, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 38 this year vs 34 last year
  • Days on market: 80 now vs 97 last year

Median & Average Pricing

Year over Year
  • Median: $149,000 (-20.2% YoY)
  • Average: $164,379 (-13.1% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 23.1 miles — 141 listings ($30,654,276 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62881Salem, IL 628810.0 mi38$6,246,402$149,000$164,379
62807Alma, IL 628077.8 mi3$790,500$263,500$263,500
62849Iuka, IL 628499.1 mi7$1,029,602$119,900$147,086
62854Kinmundy, IL 6285410.9 mi3$623,499$182,500$207,833
62830Dix, IL 6283013.3 mi2$400,000$200,000$200,000
62892Vernon, IL 6289214.2 mi1$148,000$148,000$148,000
62899Xenia, IL 6289915.4 mi6$1,334,898$212,500$222,483
62848Irvington, IL 6284818.8 mi1$0$0$0
62250Hoffman, IL 6225019.3 mi1$189,000$189,000$189,000
62814Bluford, IL 6281420.9 mi1$164,500$164,500$164,500
62864Mount Vernon, IL 6286421.1 mi75$19,102,875$240,000$254,705
62253Keyesport, IL 6225322.1 mi1$519,000$519,000$519,000
62426Edgewood, IL 6242623.1 mi2$106,000$53,000$53,000

Frequently Asked Questions

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

As of January 2026, there are 38 active listings in SALEM, IL (zip code 62881), compared to 34 the prior year.

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

The median listing price in SALEM, IL 62881 is $149,000 as of January 2026, a 20.2% decrease from $186,625 the prior year.

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

Homes in SALEM, IL 62881 spend an average of 80 days on the market before going under contract, compared to 97 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 January 2026, SALEM, IL 62881 is currently a Balanced Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are selling faster, averaging 80 days on market compared to 97 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 $2,980 compared to a typical 5% commission on the median listing price of $149,000. 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.