$1,936 Closing Credit*
$163,000
960 SqFt
2 Beds
•1 Full Bath
Ana True, Listing Office: EXP REALTY, LLC.
Is Sherrard, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Sherrard has remained a Seller's Market.
Key Takeaway
Sherrard is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sherrard, IL
How much do homes in Sherrard, IL cost?
Median Sold Price
$230,000
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$55,000(+31.4%)
Key Takeaway
Homes in Sherrard have sold for 31.4% more than they did a year ago.
Summary: The median home sold price in Sherrard was $230,000 in September 2024, up 31.4% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87.2K | $126K | +44.4% |
| 2 Bedrooms | $50K | $969.8K | +1839.6% |
| 3 Bedrooms | $160K | $220K | +37.5% |
| 4 Bedrooms | $340K | $280K | -17.6% |
| 5+ Bedrooms | $362.4K | $313.9K | -13.4% |
Summary: Sherrard housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.4%, 2 bedroom homes increased by 1839.6%, 3 bedroom homes increased by 37.5%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes decreased by 13.4%.
Median Sold Price Compared To Nearby Cities
| Sherrard | $175K | $230K | +31.4% |
| Richland Grove Township | $235K | $222.5K | -5.3% |
Housing Supply in Sherrard, IL
How many homes are available in Sherrard, IL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 13 | 9 | -30.8% |
Summary: The Sherrard real estate market had 9 homes for sale in September 2024, a 30.8% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 7 | 4 | -42.9% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Sherrard housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sherrard, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Sherrard in September 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Sherrard, IL
How long does it take to sell a home in Sherrard, IL?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 38 Days | 19 Days | -49.1% |
Summary: Homes in Sherrard had an average of 19 days on market in Sep 2024, down by 49.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sherrard are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 2 homes were sold in Sherrard; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.