62282 ZIP Code Housing Market
$140,000median sale price
Quick answer: The median home sale price in ZIP code 62282 is $140,000, down 4.9% year-over-year. Homes sell in an average of 98 days. The market is currently a leaning buyer's.
62282 market data
| Metric | Value |
|---|---|
| Median sale price | $140,000 |
| Median list price | $185,000 |
| Year-over-year price change | -4.9% |
| Average days on market | 98 days |
| Sale-to-list price ratio | 96.5% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated weekly
The 62282 zip code, located in Sherrard, IL, is currently classified as a leaning buyer's. The median sale price stands at $140,000, representing a -4.9% change year over year. Homes in this area spend an average of 98 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 62282 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
98
Average pace
Active listings
—
Sale-to-list
96.5%
Below asking
Market trends
Market analysis for 62282
The 62282 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a leaning buyer's, homes are selling at approximately 96.5% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 62282 have declined -4.9% 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.
Community profile
Population
563
Median income
$117,143/yr
Median age
41.8 years
Owner-occupied
8555.0%
College grads
2265.0%
Living in 62282
Zip code 62282 is home to approximately 563 residents. The median household income is $117,143 per year, which shapes the types of homes and amenities available in the area. With a median age of 41.8 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 8555.0% 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 2265.0% 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 62282.
Frequently asked questions about 62282
What is the median home price in 62282?
The current median sale price in 62282 is $140,000, based on recent Redfin transaction data. Prices have changed -4.9% 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 62282 a buyer's or seller's market?
The 62282 zip code is currently classified as a leaning buyer's. 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 62282?
Zip code 62282 has a population of approximately 563 residents. The median household income is $117,143 per year. About 8555.0% 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 62282?
Properties Incorporated provides comprehensive data for 62282 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 62282 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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