62253 ZIP Code Housing Market
$270,000median sale price
Quick answer: The median home sale price in ZIP code 62253 is $270,000, up 101.5% year-over-year. The market is currently a balanced market.
62253 market data
| Metric | Value |
|---|---|
| Median sale price | $270,000 |
| Year-over-year price change | +101.5% |
| Sale-to-list price ratio | 100.0% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
The 62253 zip code, located in Sherrard, IL, is currently classified as a balanced market. The median sale price stands at $270,000, representing a +101.5% change year over year.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 62253 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
—
Average pace
Active listings
—
Sale-to-list
100.0%
Above asking
Market trends
Market analysis for 62253
The 62253 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 100.0% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 62253 have increased +101.5% 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 62253 stands at $111,580, 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
932
Median income
$47,000/yr
Median age
30.8 years
Owner-occupied
7744.0%
College grads
698.0%
Living in 62253
Zip code 62253 is home to approximately 932 residents. The median household income is $47,000 per year, which shapes the types of homes and amenities available in the area. With a median age of 30.8 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 7744.0% 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 698.0% 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 62253.
Frequently asked questions about 62253
What is the median home price in 62253?
The current median sale price in 62253 is $270,000, based on recent Redfin transaction data. Prices have changed +101.5% 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 62253 a buyer's or seller's market?
The 62253 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 62253?
Zip code 62253 has a population of approximately 932 residents. The median household income is $47,000 per year. About 7744.0% 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 62253?
Properties Incorporated provides comprehensive data for 62253 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 62253 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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