#EB458600, Anna Lange, Listing office: SOMER REAL ESTATE
Salem Housing Market Report June 2025•Marion County, Illinois
Housing Prices in Salem, IL
How much do homes in Salem, IL cost?
Housing Market Conditions
Is Salem, IL a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Salem is a Seller's Market
Difference Since June 2024
Since last year, Salem has remained a Seller's Market.
Salem is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in Salem have sold for 17.6% more than they did a year ago.
Summary: The median home sold price in Salem was $150,000 in June 2025, up 17.6% from last year, and the median price per square foot was $103.
Median Sold Price By Cities
City | Jun 2024 | Jun 2025 | Change YoY |
---|---|---|---|
Salem | $127.5K | $150K | +17.6% |
Salem Township | $129K | $150.5K | +16.7% |
Median Sold Price By Bedrooms
Beds | Jun 2024 | Jun 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $73.7K | $178.5K | +142.0% |
22 Bedrooms | $78.2K | $72K | -7.9% |
33 Bedrooms | $148K | $169K | +14.2% |
44 Bedrooms | $190K | $214K | +12.6% |
55+ Bedrooms | $160.7K | $233K | +44.9% |
Summary: Salem housing price by bedroom type for June 2025, compared to the previous year. The home price for 1 bedroom homes increased by +142.0%. The home price for 2 bedroom homes decreased by -7.9%. The home price for 3 bedroom homes increased by +14.2%. The home price for 4 bedroom homes increased by +12.6%. The home price for 5 bedroom homes increased by +44.9%.
How does Salem, IL compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Salem, IL
Housing supply in Salem, IL
How many homes are available in Salem, IL?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
49Last MonthJun 2025 | ||
492 months agoMay 2025 | 0.0 % Change MoMMay – Jun |
Summary: The Salem real estate market had 49 homes for sale in Jun 2025, the same as May 2025
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
9Last MonthJun 2025 | ||
122 months agoMay 2025 | -25.0 % Change MoMMay – Jun |
Homes For Sale By Bedroom Count
Beds | May 2025 | Jun 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 2 | 2 | 0.0% |
22 Bedrooms | 7 | 9 | +28.6% |
33 Bedrooms | 29 | 21 | -27.6% |
44 Bedrooms | 4 | 9 | +125.0% |
55+ Bedrooms | 7 | 8 | +14.3% |
Summary: Salem housing inventory by bedroom type for June 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +28.6%. The inventory for 3 bedroom homes decreased by -27.6%. The inventory for 4 bedroom homes increased by +125.0%. The inventory for 5 bedroom homes increased by +14.3%.
Asking Price vs. Sold Price
How much do homes in Salem, IL cost?
Over Asking Price4 Homes
At Asking Price2 Homes
Under Asking Price3 Homes
If you're buying a home in Salem, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Salem in June 2025, down by 25.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 22% were sold at asking, and and 44% were sold over asking.
Days on Market for Salem, IL
How long does it take to sell a home in Salem, IL?
Breakdown of Home Sale Times
Under 30 Days8 Homes
30 – 90 Days1 Home
Over 90 Days0 Home
Many homes in Salem are selling fast, if you're buying plan to act quickly.
Summary: During June 2025, 9 homes were sold in Salem; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
11 DaysThis YearJun 2025 | ||
16 Days1 year agoJun 2024 | -28.7 % Change YoYJun 2024 – Jun 2025 |
Summary: Homes in Salem had an average listing age of 11 days in Jun 2025, down by 28.7% compared to the previous year.
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Newest Listings in Salem, IL
What homes are available in Salem, IL?
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MLS Disclaimers and Copyright
Based on information from RMLS Alliance, and Mid America Regional Information System for the period 07/01/2023 - 07/01/2025

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
DMCA Notice
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance®. Real estate listings held by brokerage firms other than this broker are marked with the RMLSA logo and detailed information about them includes the name of the listing brokers. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. Copyright © 2025 Peoria Area Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/7/2025, 7:35:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
DMCA Notice

IDX information is provided exclusively for consumers personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Listings courtesy of MARIS MLS as distributed by MLS GRID. Copyright © 2025 Mid America Regional Information System (MARIS). All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/7/2025, 7:38:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.