Is West Salem, IL 62476 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

West Salem is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list0%Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market28Listing to accepted offer

Median price per sq ft—

The West Salem housing market right now

In the three months ending August 31, 2026, 0% of homes in West Salem, IL 62476 sold above their list price and the typical home went under contract in 28 days. With only 1 sale, these figures can swing a lot from month to month.

About the area

Edwards County, IL

Population	1,222
Median income	$65,543
Average income	$76,696
Median home value	$91,800
Median rent	$833/month
Owner-occupied	85% of homes
Median year built	1970

Natural hazard riskWinter storms (relatively high), earthquakes (moderate), extreme heat (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 62476; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 62476

Prefilled for 62476Can I win this house?Multiple-offer likelihood for a listing Prefilled for 62476Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Albion 62806 — /sq ft Browse all markets →

Towns like West Salem nearby

Find towns like West Salem in other states →

Noble, IL62868 · 18 miles away85% similaryounger residents · 7 min shorter commute Francisco, IN47649 · 33 miles away83% similarpricier homes ($69K more) Allendale, IL62410 · 15 miles away82% similaryounger residents Wayne City, IL62895 · 34 miles away76% similarpricier homes ($26K more) · larger

Where West Salem is

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Questions about West Salem real estate

How fast do homes sell in West Salem?

The typical home went under contract in 28 days in the latest three months.

Do homes in West Salem sell over asking?

0% of homes sold above their original list price.

What are property taxes in West Salem?

About 1.45% of a home’s value a year in Edwards County, or roughly $5,800 on a $400,000 home.

What is the median home price in West Salem?

The median sale price was $7,417 in the three months ending August 31, 2026.

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More tools for 62476

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Edwards County property taxes Edwards County loan limits Closing costs in Illinois Hottest ZIP codes in Illinois

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology