61884 ZIP Code Housing Market
$394,000median sale price
Quick answer: The median home sale price in ZIP code 61884 is $394,000, down 71.8% year-over-year. Homes sell in an average of 40 days. The market is currently a balanced market.
61884 market data
| Metric | Value |
|---|---|
| Median sale price | $394,000 |
| Year-over-year price change | -71.8% |
| Average days on market | 40 days |
| Sale-to-list price ratio | 102.3% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
The 61884 zip code, located in Sherrard, IL, is currently classified as a balanced market. The median sale price stands at $394,000, representing a -71.8% change year over year. Homes in this area spend an average of 40 days on the market before going under contract.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 61884 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
1
Last 12 weeks
Days on market
40
Average pace
Active listings
—
Sale-to-list
102.3%
Above asking
Market trends
Market analysis for 61884
The 61884 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 102.3% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 61884 have declined -71.8% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. 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 61884 stands at $349,761, 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
973
Median income
$106,250/yr
Median age
54.3 years
Owner-occupied
9556.0%
College grads
4672.0%
Living in 61884
Zip code 61884 is home to approximately 973 residents. The median household income is $106,250 per year, which shapes the types of homes and amenities available in the area. With a median age of 54.3 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 9556.0% 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 4672.0% 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. 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 61884.
Frequently asked questions about 61884
What is the median home price in 61884?
The current median sale price in 61884 is $394,000, based on recent Redfin transaction data. Prices have changed -71.8% 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 61884 a buyer's or seller's market?
The 61884 zip code is currently classified as a balanced 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 61884?
Zip code 61884 has a population of approximately 973 residents. The median household income is $106,250 per year. About 9556.0% 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 61884?
Properties Incorporated provides comprehensive data for 61884 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 61884 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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