From July to September, 33 homes sold in Salem for a median price of $68,000. That's 11.1 percent higher than median home sale prices for the third quarter of 2017.
In the third quarter, there were no foreclosures in Salem.
Median property tax for homeowners in Salem was $1,093.50 in 2017 according to tax data from that year. That means homeowners pay 1.8 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.
Salem real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
52
$88,043
-
2010
27
$66,690
-24.3%
2011
39
$73,450
10.1%
2012
36
$73,575
0.2%
2013
50
$61,560
-16.3%
2014
44
$70,490
14.5%
2015
29
$76,320
8.3%
2016
43
$83,370
9.2%
2017
51
$61,200
-26.6%
2018
33
$68,000
11.1%
Median property tax
Median sale price
Effective property tax rate
2009
$1,717.81
$88,043
2%
2010
$1,318.22
$66,690
2%
2011
$1,688.12
$73,450
2.3%
2012
$1,325.52
$73,575
1.8%
2013
$1,183.98
$61,560
1.9%
2014
$1,626.60
$70,490
2.3%
2015
$1,421.24
$76,320
1.9%
2016
$1,821.22
$83,370
2.2%
2017
$1,093.50
$61,200
1.8%
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