Population: 10,995 · Density: 42.8/mi² · Median household income: $64,688
Typical home value: $103,245 · Homeownership: 70.7%
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.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 62881 | Salem, IL 62881 | 0.0 mi | 38 | $6,246,402 | $149,000 | $164,379 |
| 62807 | Alma, IL 62807 | 7.8 mi | 3 | $790,500 | $263,500 | $263,500 |
| 62849 | Iuka, IL 62849 | 9.1 mi | 7 | $1,029,602 | $119,900 | $147,086 |
| 62854 | Kinmundy, IL 62854 | 10.9 mi | 3 | $623,499 | $182,500 | $207,833 |
| 62830 | Dix, IL 62830 | 13.3 mi | 2 | $400,000 | $200,000 | $200,000 |
| 62892 | Vernon, IL 62892 | 14.2 mi | 1 | $148,000 | $148,000 | $148,000 |
| 62899 | Xenia, IL 62899 | 15.4 mi | 6 | $1,334,898 | $212,500 | $222,483 |
| 62848 | Irvington, IL 62848 | 18.8 mi | 1 | $0 | $0 | $0 |
| 62250 | Hoffman, IL 62250 | 19.3 mi | 1 | $189,000 | $189,000 | $189,000 |
| 62814 | Bluford, IL 62814 | 20.9 mi | 1 | $164,500 | $164,500 | $164,500 |
| 62864 | Mount Vernon, IL 62864 | 21.1 mi | 75 | $19,102,875 | $240,000 | $254,705 |
| 62253 | Keyesport, IL 62253 | 22.1 mi | 1 | $519,000 | $519,000 | $519,000 |
| 62426 | Edgewood, IL 62426 | 23.1 mi | 2 | $106,000 | $53,000 | $53,000 |
As of January 2026, there are 38 active listings in SALEM, IL (zip code 62881), compared to 34 the prior year.
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.
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.
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.
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.