62621 ZIP Code Housing Market
$90,000median sale price
Quick answer: The median home sale price in ZIP code 62621 is $90,000, up 20.0% year-over-year. Homes sell in an average of 3 days with 1 active listings. The market is currently a seller's market.
62621 market data
| Metric | Value |
|---|---|
| Median sale price | $90,000 |
| Median list price | $399,000 |
| Year-over-year price change | +20.0% |
| Average days on market | 3 days |
| Active inventory | 1 listings |
| Sale-to-list price ratio | 102.9% |
| Market condition | Seller's market |
Source: Redfin · Updated weekly
The 62621 zip code, located in Sherrard, IL, is currently classified as a seller's market. The median sale price stands at $90,000, representing a +20.0% change year over year. Homes in this area spend an average of 3 days on the market before going under contract. There are currently 1 active listings in the area, which influences how much negotiating power buyers and sellers have.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 62621 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
3
Fast-moving
Active listings
1
Sale-to-list
102.9%
Above asking
Market trends
Market analysis for 62621
The 62621 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a seller's market, homes are selling at approximately 102.9% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 62621 have increased +20.0% 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.
Community profile
Population
1,133
Median income
$82,500/yr
Median age
44.6 years
Owner-occupied
7778.0%
College grads
1830.0%
Avg commute
24.67 min
Living in 62621
Zip code 62621 is home to approximately 1,133 residents. The median household income is $82,500 per year, which shapes the types of homes and amenities available in the area. With a median age of 44.6 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 7778.0% 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 1830.0% 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. The average commute time is 24.67 minutes, which is close to the national average. 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 62621.
Frequently asked questions about 62621
What is the median home price in 62621?
The current median sale price in 62621 is $90,000, based on recent Redfin transaction data. Prices have changed +20.0% 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 62621 a buyer's or seller's market?
The 62621 zip code is currently classified as a seller's 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 62621?
Zip code 62621 has a population of approximately 1,133 residents. The median household income is $82,500 per year. About 7778.0% 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 62621?
Properties Incorporated provides comprehensive data for 62621 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 62621 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.
Get zip code 62621 market alerts
Weekly updates on prices, inventory, and trends. Free forever.