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Sheriff Sale Homes in Salem, IL

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Salem, IL Foreclosures

How much do homes sell for in Salem, IL?
The average home price is currently $150,767.
In Salem, IL, how many homes are available?
There are currently 32 active home listings available in Salem.
What’s the average rental cost in Salem, IL?
The average rental price in Salem is $1,024.
What is the most expensive home in Salem?
The most expensive home sold in Salem had a price of $9,630,087.
What is currently the cheapest priced home in Salem, IL?
The cheapest home for sale in Salem is priced at $8,039.

Living in Salem, IL

Salem, IL is a friendly small town offering a welcoming community with a rich history and ample outdoor activities. Residents enjoy good schools, vibrant local businesses, and a strong sense of community. Ideal for families and nature enthusiasts, Salem provides a peaceful lifestyle with easy access to regional connectivity.

Current Market Conditions in Salem, IL

The Salem real estate market is currently experiencing steady demand as homebuyers seek affordable housing options. With a mix of single-family homes and townhouses, the market is appealing for first-time buyers as well as those looking to downsize. Favorable interest rates have also contributed to an uptick in property sales, leading to limited inventory and gradually increasing home prices.

In recent months, trends indicate a shift towards more suburban living, and cities like Salem are benefiting from individuals and families relocating from larger urban areas. As remote work becomes increasingly popular, demand for homes with dedicated office spaces and access to outdoor areas is on the rise.

Home Value Estimator For Salem, IL

There are currently 3,724 real estate properties in Salem, IL, with a median automated valuation model (AVM) price of $125,086.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Salem, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Salem, IL, is $150,767.00, with the most expensive house in Salem, IL, topping out at $9,630,087.00 and the cheapest home in Salem, IL, clocking in at $8,039.00. In other words, there’s something for every potential homebuyer or savvy investor in Salem, IL!

Rent Prices In Salem, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Salem, IL, is on a rollercoaster ride. The average rent price in Salem, IL, is $1,024.00. Indeed, when looking to rent in Salem, IL, you can expect to pay as little as $560.00 or as much as $2,140.00, with the average rent median estimated to be $1,000.00. The good news is that finding an affordable and desirable property to rent in Salem, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Salem, IL Sheriff Sale Homes


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