Salem, IL Real Estate & Property Data

Salem Real Estate Market Trends
Last Updated: April 22, 2025

Accurate and comprehensive real estate data is critical for insight into Salem, IL 62881. ATTOM’s Salem real estate data is updated daily, and current market trends show that in Salem, IL a total of 212 residential properties have sold over the past year. With a median home price of $126,000 in Salem and a total of 1 foreclosures. Get detailed property data for Salem, IL instantly. ATTOM is your one-stop-shop for the Salem property reports and real estate data you need in Salem, IL.

Salem Real Estate Market Trends
Total Residential Properties 4,177
Total Commercial Properties 509
Avg. Home Age (Single Family Home) N/A
Avg. Square Feet (Single Family Home) N/A
Total 2025 Residential Sales (year-to-date) 33
% of Homes Seriously Underwater (Q2 2025) 3.5%
Total 2024 Residential Sales 190
% of Equity Rich Homes (Q2 2025) 20.39%
Effective 2024 Property Tax 1.51%
Total Foreclosure Filings (year-to-date) 1
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Salem, IL 62881 Real Estate Overview

There were 212 residential properties sold in the past year in Salem, IL 62881. The median home value in Salem, IL 62881 is $118,508. There are a total of 4,177 residential properties in the 62881.

Median Sales Price i
$126,000
(Feb 2025)
+129.1%
year-over-year
y-o-y
  • February '25 Feb '25 $126,000
  • January '25 Jan '25 $71,875
  • December '24 Dec '24 $175,500
  • November '24 Nov '24 $83,000
  • October '24 Oct '24 $169,000
  • September '24 Sep '24 $134,000
  • August '24 Aug '24 $120,000
  • July '24 Jul '24 $146,500
  • June '24 Jun '24 $110,000
  • May '24 May '24 $138,000
  • April '24 Apr '24 $123,500
  • March '24 Mar '24 $107,910
Median Down Payment i
$19,687
(Feb 2025)
+118.7%
year-over-year
y-o-y
  • February '25 Feb '25 $19,687
  • January '25 Jan '25 $16,000
  • December '24 Dec '24 $33,876
  • November '24 Nov '24 $12,298
  • October '24 Oct '24 $33,800
  • September '24 Sep '24 $9,550
  • August '24 Aug '24 $9,425
  • July '24 Jul '24 $14,225
  • June '24 Jun '24 $27,000
  • May '24 May '24 $12,050
  • April '24 Apr '24 $20,000
  • March '24 Mar '24 $3,243
Number of Homes Sold i
12
(Feb 2025)
+9.1%
year-over-year
y-o-y
  • February '25 Feb '25 12
  • January '25 Jan '25 21
  • December '24 Dec '24 8
  • November '24 Nov '24 18
  • October '24 Oct '24 16
  • September '24 Sep '24 19
  • August '24 Aug '24 16
  • July '24 Jul '24 18
  • June '24 Jun '24 24
  • May '24 May '24 19
  • April '24 Apr '24 18
  • March '24 Mar '24 12
Number of Purchase Loans i
9
(Feb 2025)
-10%
year-over-year
y-o-y
  • February '25 Feb '25 9
  • January '25 Jan '25 21
  • December '24 Dec '24 8
  • November '24 Nov '24 15
  • October '24 Oct '24 14
  • September '24 Sep '24 10
  • August '24 Aug '24 9
  • July '24 Jul '24 8
  • June '24 Jun '24 21
  • May '24 May '24 15
  • April '24 Apr '24 17
  • March '24 Mar '24 13
Number of REFI Loans i
6
(Feb 2025)
-14.3%
year-over-year
y-o-y
  • February '25 Feb '25 6
  • January '25 Jan '25 12
  • December '24 Dec '24 8
  • November '24 Nov '24 9
  • October '24 Oct '24 15
  • September '24 Sep '24 9
  • August '24 Aug '24 8
  • July '24 Jul '24 10
  • June '24 Jun '24 24
  • May '24 May '24 11
  • April '24 Apr '24 11
  • March '24 Mar '24 6
Number of HELOC Loans i
5
(Feb 2025)
+150%
year-over-year
y-o-y
  • February '25 Feb '25 5
  • January '25 Jan '25 3
  • December '24 Dec '24 3
  • November '24 Nov '24 3
  • October '24 Oct '24 4
  • September '24 Sep '24 5
  • August '24 Aug '24 9
  • July '24 Jul '24 5
  • June '24 Jun '24 3
  • May '24 May '24 4
  • April '24 Apr '24 3
  • March '24 Mar '24 1

Salem, IL 62881 Foreclosure Activity

There were a total of 1 Salem, IL 62881 properties with a foreclosure filing in February 2025.

Total Foreclosure Filings i
1
(Feb 2025)
  • February '25 Feb '25 1
  • January '25 Jan '25 N/A
  • December '24 Dec '24 1
  • November '24 Nov '24 N/A
  • October '24 Oct '24 N/A
  • September '24 Sep '24 N/A
  • August '24 Aug '24 2
  • July '24 Jul '24 3
  • June '24 Jun '24 1
  • May '24 May '24 N/A
  • April '24 Apr '24 N/A
  • March '24 Mar '24 2
Foreclosure Starts i
  • February '25 Feb '25 N/A
  • January '25 Jan '25 N/A
  • December '24 Dec '24 N/A
  • November '24 Nov '24 N/A
  • October '24 Oct '24 N/A
  • September '24 Sep '24 N/A
  • August '24 Aug '24 1
  • July '24 Jul '24 N/A
  • June '24 Jun '24 N/A
  • May '24 May '24 N/A
  • April '24 Apr '24 N/A
  • March '24 Mar '24 1
Completed Foreclosures (REOs) i
1
(Feb 2025)
year-over-year
y-o-y
  • February '25 Feb '25 1
  • January '25 Jan '25 N/A
  • December '24 Dec '24 1
  • November '24 Nov '24 N/A
  • October '24 Oct '24 2
  • September '24 Sep '24 N/A
  • August '24 Aug '24 N/A
  • July '24 Jul '24 N/A
  • June '24 Jun '24 N/A
  • May '24 May '24 1
  • April '24 Apr '24 N/A
  • March '24 Mar '24 N/A
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