Updated May 2026 · Redfin · 3-month window
62881 Real Estate Market Update: Salem, IL, May 2026
The latest housing-market numbers for ZIP code 62881 in Salem, Illinois, for May 2026, from the Redfin Data Center. ZIP-level figures are a rolling three-month window.
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $131K | ▼ -6.1% | ▼ -14.7% |
| Days on market | 72 | ▲ +20.0% | ▲ +53.2% |
| Homes for sale | 23 | ▼ -4.2% | ▼ -32.4% |
| Sale-to-list | 95.8% | ▼ -0.1% | ▼ -1.7% |
| Homes sold | 22 | ▼ -4.3% | ▼ -38.9% |
Figures from the Redfin Data Center ZIP-code tracker (rolling 3-month window, not seasonally adjusted). Verify against your MLS before posting. Not a valuation for a specific home.
What the 62881 numbers say
The 62881 ZIP in Salem is cooling. The median sale price sits at $130,500, 14.7% below last year. The market has loosened: a typical listing now takes around 72 days to go under contract, with sellers getting 95.8% of list price.
Based on 22 recent sales, 62881 is currently an active market.
What this means if you sell in 62881
Use these figures to set expectations early. Lead a listing appointment with the median price and the 72-day pace, show the year-over-year direction, and frame 62881 as an active market. Buyers and sellers trust an agent who knows their exact ZIP, not just the metro average.
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Build the Salem post →Frequently asked: the 62881 housing market
- What is the median home price in ZIP 62881 (Salem, IL)?
- As of May 2026, the median sale price in ZIP 62881 is $130,500 (-14.7% year over year), per the Redfin Data Center. Figures are a rolling 3-month window for this ZIP code.
- Is ZIP 62881 a buyer's or seller's market right now?
- ZIP 62881 is currently an active market, based on a 95.8% sale-to-list ratio, about 72 days on market for May 2026.
- How long do homes take to sell in ZIP 62881?
- A typical listing in 62881 goes under contract in about 72 days as of May 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this 62881 market data come from?
- All figures come from the Redfin Data Center ZIP-code market tracker, a rolling 3-month window refreshed monthly. LOKAL turns them into a ready-to-post carousel, story and square graphic. LOKAL is not affiliated with Redfin.
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Data: Redfin · Redfin Data Center (ZIP-code market tracker). Figures are a ZIP-level 3-month snapshot, not a valuation for a specific home.