62539 ZIP Code Housing Market
$172,500median sale price
Quick answer: The median home sale price in ZIP code 62539 is $172,500, up 106.6% year-over-year. Homes sell in an average of 55 days. The market is currently a leaning buyer's.
62539 market data
| Metric | Value |
|---|---|
| Median sale price | $172,500 |
| Median list price | $80,000 |
| Year-over-year price change | +106.6% |
| Average days on market | 55 days |
| Sale-to-list price ratio | 99.3% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated weekly
The 62539 zip code, located in Sherrard, IL, is currently classified as a leaning buyer's. The median sale price stands at $172,500, representing a +106.6% change year over year. Homes in this area spend an average of 55 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 62539 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
2
Last 12 weeks
Days on market
55
Average pace
Active listings
—
Sale-to-list
99.3%
Below asking
Market trends
Market analysis for 62539
The 62539 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 99.3% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 62539 have increased +106.6% 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 62539 stands at $136,792, 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
1,412
Median income
$82,750/yr
Median age
39.8 years
Owner-occupied
8759.0%
College grads
3157.0%
Living in 62539
Zip code 62539 is home to approximately 1,412 residents. The median household income is $82,750 per year, which shapes the types of homes and amenities available in the area. With a median age of 39.8 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 8759.0% 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 3157.0% 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 62539.
Frequently asked questions about 62539
What is the median home price in 62539?
The current median sale price in 62539 is $172,500, based on recent Redfin transaction data. Prices have changed +106.6% 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 62539 a buyer's or seller's market?
The 62539 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 62539?
Zip code 62539 has a population of approximately 1,412 residents. The median household income is $82,750 per year. About 8759.0% 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 62539?
Properties Incorporated provides comprehensive data for 62539 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 62539 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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