Is Sherrard, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sherrard is a 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

$245,000

$121/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$3,500(+1.4%)

Key Takeaway

Homes in Sherrard have sold for 1.4% more than they did a month ago.

Summary: The median home sold price in Sherrard was $245,000 in November 2024, up 1.4% from last month, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$70K
N/A
2 $94K-
N/A
3 -$305K
N/A
4 $389K$245K
-37.0%
5+ --
N/A

Summary: Sherrard housing prices by bedroom type for November 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 37%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Sherrard
+1.4%
Richland Grove Township
+1.4%

Housing Supply in Sherrard, IL

How many homes are available in Sherrard, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
97-22.2%

Summary: The Sherrard real estate market had 7 homes for sale in November 2024, a 22.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 21
-50.0%
3 44
0.0%
4 21
-50.0%
5+ 00
0.0%

Summary: The Sherrard housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 3 homes were sold or pending in Sherrard in November 2024, up by 50.0% month-over-month. Of the 3 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

Oct 2024Nov 2024CHANGE
17 Days53 Days+204.8%

Summary: Homes in Sherrard had an average of 53 days on market in Nov 2024, up by 204.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sherrard are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Sherrard; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Sherrard, IL

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