Comprehensive market data and analysis• Updated Dec 2025
39.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 1 | 5 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | 1 |
| 5-10 acres | - | - | 1 | 3 |
| 10-20 acres | - | - | - | 1 |
| 20-50 acres | - | - | - | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 2 | 11 |
Acreage buckets
The median price for land in Salem, Illinois is currently $10K per acre. For a typical parcel, the median sale price is $70K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $7K while premium lots reached $195K.
Salem, Illinois is currently a strong buyer's market with 39.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Salem, Illinois currently has 39.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Land in Salem, Illinois typically sells within 87 days of listing. The median time on market is 77 days. Properties are moving at a moderate pace in the current strong buyer's market.
Land in Salem, Illinois averages $44K per acre. The median price per acre is $10K, which may be more representative of typical transactions. Most parcels sold are around 4.4 acres.
The 3-month absorption rate in Salem, Illinois is 2.6%. The 12-month rate is 7.0%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
There are currently 13 active listings in Salem, Illinois. 6 new listings have hit the market in the last 90 days. The median asking price is $59K.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
