House Prices

House Prices & Home Values New Salem, IL 2026


Average Data

average house price$65,950
average size per house1147 ft²
average price per ft²58 $ / ft²

04/24/2026 - The value range (VR) for house prices in New Salem, IL is $58/ sqft to $58/ sqft. An average home with 1147 sqft costs approximately $66,526 to $66,526. New Salem, IL includes 1 ZIP codes and it is located in Pike county. The lowest prices are found in ZIP 62357, while the highest are in ZIP 62357. The average price per sqare feet is $58. Our analysis is based on 2 property listings.

Avergage prices by ZIP codes New Salem

6235764 $ / ft²




Historical development of home values in New Salem

Year Estimated value (USD) Change vs. 2025
2010 $30,628 -53.6%
2011 $29,444 -55.4%
2012 $29,365 -55.5%
2013 $30,462 -53.8%
2014 $31,977 -51.5%
2015 $33,618 -49.0%
2016 $35,373 -46.4%
2017 $37,282 -43.5%
2018 $39,343 -40.3%
2019 $41,167 -37.6%
2020 $43,295 -34.4%
2021 $49,244 -25.3%
2022 $57,407 -13.0%
2023 $60,539 -8.2%
2024 $64,041 -2.9%
2025 $65,950 0.0%

Graph: estimated home values in New Salem over time (USD)



Example: 100% financing house in New Salem

Loan amount: $65,950

Interest rate: 6.00%

Fixed monthly payment: $395.40

Breakdown in the 1st month:
Interest portion: $329.75  –  Principal portion: $65.65

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $3,934.97 $809.87 $65,140.13
2 $3,885.02 $859.82 $64,280.30
3 $3,831.99 $912.86 $63,367.44
4 $3,775.68 $969.16 $62,398.28
5 $3,715.91 $1,028.94 $61,369.35
6 $3,652.44 $1,092.40 $60,276.95
7 $3,585.07 $1,159.78 $59,117.17
8 $3,513.54 $1,231.31 $57,885.87
9 $3,437.59 $1,307.25 $56,578.62
10 $3,356.96 $1,387.88 $55,190.74
11 $3,271.36 $1,473.48 $53,717.25
12 $3,180.48 $1,564.36 $52,152.89
13 $3,083.99 $1,660.85 $50,492.04
14 $2,981.56 $1,763.29 $48,728.76
15 $2,872.80 $1,872.04 $46,856.71
16 $2,757.34 $1,987.51 $44,869.21
17 $2,634.75 $2,110.09 $42,759.12
18 $2,504.61 $2,240.24 $40,518.88
19 $2,366.43 $2,378.41 $38,140.47
20 $2,219.74 $2,525.10 $35,615.37
21 $2,064.00 $2,680.85 $32,934.52
22 $1,898.65 $2,846.20 $30,088.32
23 $1,723.10 $3,021.74 $27,066.58
24 $1,536.72 $3,208.12 $23,858.46
25 $1,338.86 $3,405.99 $20,452.47
26 $1,128.78 $3,616.06 $16,836.41
27 $905.75 $3,839.09 $12,997.32
28 $668.96 $4,075.88 $8,921.44
29 $417.57 $4,327.27 $4,594.17
30 $150.68 $4,594.17 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in New Salem, IL


1500 sqft3900 sqft
Ø selling price$105,271$223,939
Ø fast selling$95,701$201,545
Ø high price sale$114,841$246,332

In 2026, houses in New Salem, IL will be offered at an average price of $58 per square foot. A 1,500 sqft home priced at $105,271 is 25.09% more expensive per square foot than a 3,900 sqft home priced at $223,939. Home prices in New Salem, IL vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $155,034. Sellers who can wait longer may achieve a higher price of up to $189,487.


Discover New Salem, IL

History and Heritage

New Salem, IL is a historic village in Menard County best known as the place where Abraham Lincoln lived in the 1830s. The centerpiece attraction is Lincoln's New Salem State Historic Site, a reconstructed pioneer village of log cabins and workshops. Visitors can walk shaded streets along the bluffs above the Sangamon River and meet costumed interpreters sharing frontier stories. The on-site museum and visitor center provide exhibits, maps, and seasonal event information for history fans and families. Located just south of Petersburg and about 20 miles northwest of Springfield, New Salem, Illinois makes an easy day trip in Central Illinois.

Things to Do and Travel Tips

Popular things to do include guided tours, scenic hiking trails, birdwatching, and picnicking near the river overlooks. Photographers love golden-hour views over the prairie and timber, while kids enjoy hands-on demonstrations of blacksmithing and spinning. Travel tips: check park hours, dress for uneven terrain, and look for special events like candlelight tours and festivals. Nearby amenities include parking, restrooms, and picnic shelters, with dining and lodging options in Petersburg and Springfield. Plan your trip to New Salem, IL to explore authentic frontier history, scenic trails, and welcoming Midwest hospitality.



FAQ – Home Values in New Salem

What is the median home value in New Salem in 2026?

In 2026, the typical home value in New Salem is about $65,950 for an average home size of 1147 square feet. This corresponds to an average price of roughly $58 per square foot.

What is the average cost per square foot in New Salem?

In 2026, homes in New Salem sell for an average of around $58 per square foot, with a typical range between $58 and $58 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in New Salem is about 1147 square feet, with an estimated 2026 value around $65,950.



Locations close to New Salem, IL

Niota, IL77 $ / ft²
Paloma, IL41 $ / ft²
Payson, IL91 $ / ft²
New Canton, IL59 $ / ft²
Nebo, IL42 $ / ft²
Nauvoo, IL88 $ / ft²




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