From January to March, 18 homes sold in Salem for a median price of $37,000. That's 50.3 percent lower than median home sale prices for the first quarter of 2017.
In the first quarter, there were no foreclosures in Salem.
Median property tax for homeowners in Salem was $1,231.16 in 2017 according to tax data from that year. That means homeowners pay 1.7 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.
Salem real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
25
$46,800
-
2010
27
$59,280
26.7%
2011
26
$66,105
11.5%
2012
30
$73,303
10.9%
2013
33
$41,040
-44%
2014
31
$58,300
42.1%
2015
37
$52,894
-9.3%
2016
31
$65,100
23.1%
2017
30
$74,460
14.4%
2018
18
$37,000
-50.3%
Median property tax
Median sale price
Effective property tax rate
2009
$1,417.38
$46,800
3%
2010
$1,325.97
$59,280
2.2%
2011
$879.43
$66,105
1.3%
2012
$1,997.03
$73,303
2.7%
2013
$808.96
$41,040
2%
2014
$1,572.19
$58,300
2.7%
2015
$1,162.56
$52,894
2.2%
2016
$1,126.48
$65,100
1.7%
2017
$1,231.16
$74,460
1.7%
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