Salem Lakes, Wisconsin, is a serene village in Kenosha County, nestled in the southeastern part of the state near the Illinois border, with a population of approximately 14,500. Formed in 2017 through the merger of the towns of Salem and Silver Lake, this community is known for its picturesque lakes, including Silver Lake, Camp Lake, and Paddock Lake, which offer ample opportunities for boating, fishing, and swimming. The village blends rural charm with suburban convenience, featuring local parks, trails, and community events that foster a tight-knit atmosphere. With its proximity to both Milwaukee and Chicago, Salem Lakes provides residents with a peaceful retreat while maintaining access to urban amenities, making it an appealing destination for families and outdoor enthusiasts.
Salem Lakes currently has 36 single family homes for sale with an average list price of $509,127.78, 2 condos for sale with an average list price of $499,900, and 13 lots for sale with an average list price of $186,176.92. The average annual property tax for Salem Lakes is $4,460.68.
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Salem Lakes, i.e. what's hot and what's not.
See What's Hot & What's Not in Salem LakesSalem Lakes home sales for the month of August rose in volume by 53.8% when compared to last year, while the median sale price rose by 23% from $313,000 to $384,950. House sales rose by 41.7%, while the median sale price rose by 20.4% from $324,000 to $390,000. Condo sales rose by 200%, while the median sale price rose by 43.4% from $265,000 to $379,900.
210
|
175
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148
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154
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2021 | 2022 | 2023 | 2024 |
# of sales per year |
$266,250
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$295,000
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$340,000
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$319,950
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2021 | 2022 | 2023 | 2024 |
median sale price per year |
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