61734 ZIP Code Housing Market
$135,000median sale price
Quick answer: The median home sale price in ZIP code 61734 is $135,000, up 54.3% year-over-year. Homes sell in an average of 88 days with 9 active listings. The market is currently a buyer's market.
61734 market data
| Metric | Value |
|---|---|
| Median sale price | $135,000 |
| Median list price | $192,400 |
| Year-over-year price change | +54.3% |
| Average days on market | 88 days |
| Active inventory | 9 listings |
| Sale-to-list price ratio | 95.3% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The 61734 zip code, located in Sherrard, IL, is currently classified as a buyer's market. The median sale price stands at $135,000, representing a +54.3% change year over year. Homes in this area spend an average of 88 days on the market before going under contract. There are currently 9 active listings in the area, which influences how much negotiating power buyers and sellers have.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 61734 market may perform differently from surrounding areas depending on local school quality, proximity to employment centers, and housing stock characteristics. The metrics below are sourced from Redfin transaction data, Zillow home value estimates, and U.S. Census Bureau demographic statistics.
Homes sold
5
Last 12 weeks
Days on market
88
Average pace
Active listings
9
Sale-to-list
95.3%
Below asking
Market trends
Market analysis for 61734
The 61734 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a buyer's market, homes are selling at approximately 95.3% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 61734 have increased +54.3% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 61734 stands at $156,490, which represents Zillow's estimate of the typical home value in the area. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Community profile
Population
2,443
Median income
$71,435/yr
Median age
42.8 years
Owner-occupied
7872.0%
College grads
2242.0%
Avg commute
26.19 min
Living in 61734
Zip code 61734 is home to approximately 2,443 residents. The median household income is $71,435 per year, which shapes the types of homes and amenities available in the area. With a median age of 42.8 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 7872.0% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 2242.0% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 26.19 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 61734.
Frequently asked questions about 61734
What is the median home price in 61734?
The current median sale price in 61734 is $135,000, based on recent Redfin transaction data. Prices have changed +54.3% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 61734 a buyer's or seller's market?
The 61734 zip code is currently classified as a buyer's market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population and demographics of 61734?
Zip code 61734 has a population of approximately 2,443 residents. The median household income is $71,435 per year. About 7872.0% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 61734?
Properties Incorporated provides comprehensive data for 61734 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 61734 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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