62541 ZIP Code Housing Market
$45,000median sale price
Quick answer: The median home sale price in ZIP code 62541 is $45,000. Homes sell in an average of 7 days. The market is currently a balanced market.
62541 market data
| Metric | Value |
|---|---|
| Median sale price | $45,000 |
| Average days on market | 7 days |
| Sale-to-list price ratio | 75.0% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
The 62541 zip code, located in Sherrard, IL, is currently classified as a balanced market. The median sale price stands at $45,000. Homes in this area spend an average of 7 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 62541 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
7
Fast-moving
Active listings
—
Sale-to-list
75.0%
Below asking
Market trends
Market analysis for 62541
The 62541 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 75.0% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 62541 have remained relatively stable compared to last year. 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
54
Median age
29.5 years
Owner-occupied
7105.0%
Living in 62541
Zip code 62541 is home to approximately 54 residents. With a median age of 29.5 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 7105.0% 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.
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 62541.
Frequently asked questions about 62541
What is the median home price in 62541?
The current median sale price in 62541 is $45,000, based on recent Redfin transaction data. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 62541 a buyer's or seller's market?
The 62541 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 62541?
Zip code 62541 has a population of approximately 54 residents. About 7105.0% 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 62541?
Properties Incorporated provides comprehensive data for 62541 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 62541 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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