62649 ZIP Code Housing Market
$108,000median sale price
Quick answer: The median home sale price in ZIP code 62649 is $108,000. Homes sell in an average of 53 days. The market is currently a buyer's market.
62649 market data
| Metric | Value |
|---|---|
| Median sale price | $108,000 |
| Average days on market | 53 days |
| Sale-to-list price ratio | 86.4% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The 62649 zip code, located in Sherrard, IL, is currently classified as a buyer's market. The median sale price stands at $108,000. Homes in this area spend an average of 53 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 62649 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
53
Average pace
Active listings
—
Sale-to-list
86.4%
Below asking
Market trends
Market analysis for 62649
The 62649 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a buyer's market, homes are selling at approximately 86.4% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 62649 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
369
Median income
$71,875/yr
Median age
52.4 years
Owner-occupied
9085.0%
College grads
2260.0%
Living in 62649
Zip code 62649 is home to approximately 369 residents. The median household income is $71,875 per year, which shapes the types of homes and amenities available in the area. With a median age of 52.4 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 9085.0% 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 2260.0% 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 62649.
Frequently asked questions about 62649
What is the median home price in 62649?
The current median sale price in 62649 is $108,000, 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 62649 a buyer's or seller's market?
The 62649 zip code is currently classified as a buyer'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 62649?
Zip code 62649 has a population of approximately 369 residents. The median household income is $71,875 per year. About 9085.0% 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 62649?
Properties Incorporated provides comprehensive data for 62649 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 62649 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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