West Salem, IL Home Values & Market Trends
Real estate market trends reflect that there have been 12 transactions over the past year in West Salem. The median value for residential home transactions that occurred over the previous year is $74,223. The number of current listings in West Salem is 1, and the percentage of properties for sale in the city is 1.00%. West Salem, IL currently has 0 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 1 properties for sale.
West Salem, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 62476 | $ 87,935 $ 51/sqft |
Housing Market Summary for West Salem, IL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $89,450 | $107.8K | 20.55% |
| Median Sold Price | $61,891 | $107.8K | 74.22% |
| Homes For Sale | 2 | 2 | - |
| Homes Sold | 6 | 7 | 16.67% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in West Salem, IL
Browse Homes in West Salem, IL
West Salem home values range from $25,997 to $1,248,695. The median estimated value of a home in West Salem is $74,223. The median list price of a home is 114,000, and the total count of properties in the city is 565.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in West Salem, IL with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within West Salem, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in West Salem, IL ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in West Salem, IL. There is 1 zips within West Salem, IL; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of West Salem, IL. Auction homes and other auction properties account for 0% of all properties in West Salem, IL. There is 1 zips within West Salem, IL; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
Compare Nearby Cities
More Real Estate Resources for West Salem, IL
Guide for West Salem, IL
Market report for Springfield, Illinois, with a snapshot of property values, sales activity, price fluctuations, and comparisons with neighboring cities.
A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.
Learn how a short sale can stop the foreclosure process.
Learn effective strategies to safeguard your credit score after experiencing a foreclosure.