Is Salem, IL 62881 a buyer’s or seller’s market?
Salem is a seller’s market. With about 2.2 months of supply and 27% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply2.2Under 4 months = seller’s market
Sold above original list26.7%Share of sales, last 3 months
Median sale-to-list98.2%Sold price ÷ list price
Median days on market46Listing to accepted offer
Median price per sq ft$102▼ −7.5% vs. last year
Run the numbers for 62881
Nearby markets
Alma 62807 — /sq ftCentralia 62801Balanced $81 /sq ftIuka 62849Seller’s market $59 /sq ftKell 62853 — /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology