$1,900 Closing Credit*
$160,000
1,373 SqFt
3 Beds
•1 Full Bath
Jinnie Riley, Listing Office: Keller Williams Greater Quad Cities / Midwest Partners
Is Sherrard, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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
$241,500
$156/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$126,000(-34.3%)
Key Takeaway
Homes in Sherrard have sold for 34.3% less than they did a month ago.
Summary: The median home sold price in Sherrard was $241,500 in October 2024, down 34.3% from last month, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $94K | N/A |
| 3 Bedrooms | $335K | - | N/A |
| 4 Bedrooms | $400K | $389K | -2.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Sherrard housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Richland Grove Township | $335K | $241.5K | -27.9% |
| Sherrard | $367.5K | $241.5K | -34.3% |
Housing Supply in Sherrard, IL
How many homes are available in Sherrard, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Summary: The Sherrard real estate market had 10 homes for sale in October 2024, a 25.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sherrard housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was 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. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Sherrard in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% 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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 17 Days | -10.3% |
Summary: Homes in Sherrard had an average of 17 days on market in Oct 2024, down by 10.3% compared to last month.
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 October 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.