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SHERRARD, IL 61281

Real Estate Market Report  ·  Mercer County
Balanced Market
April 2026  ·  Source: Realtor.com

Market Analysis

Data as of April 2026. Source: Realtor.com.

The SHERRARD, IL real estate market (61281) currently shows 5 active listings, with 2 pending sales. Homes are averaging 20 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are selling faster, averaging 20 days on market compared to 57 days last year.

The median listing price has risen 117.3% year-over-year, from $144,913 to $314,900.

Whether you are buying or selling in SHERRARD, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 2,553  ·  Density: 24.5/mi²  ·  Median household income: $82,262

Typical home value: $201,179  ·  Homeownership: 91.6%

Market Overview

Active Listings
5
⇧ 25% vs 4 last year
Pending
2
40% pending ratio
Median Price
$314,900
⇧ 117.3% vs $144,913 last year
Average Price
$253,300
⇧ 104.9% vs $123,604 last year
Days on Market
20
⇩ 64.9% vs 57 days last year

Price Per Square Foot

Median $/sqft
$155
⇧ 115.3% vs $72/sqft last year
Median Home Size
1,336 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 5 this year vs 4 last year
  • Days on market: 20 now vs 57 last year

Median & Average Pricing

Year over Year
  • Median: $314,900 (+117.3% YoY)
  • Average: $253,300 (+104.9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 16.5 miles — 330 listings ($55,485,231 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61281Sherrard, IL 612810.0 mi6$1,475,442$268,750$245,907
61263Matherville, IL 612634.8 mi3$494,700$164,900$164,900
61273Orion, IL 612737.6 mi5$1,254,100$236,925$250,820
61486Viola, IL 614867.8 mi5$766,520$142,500$153,304
61240Coal Valley, IL 612409.7 mi14$3,339,084$272,250$238,506
61279Reynolds, IL 6127911.0 mi2$384,500$192,250$192,250
61231Aledo, IL 6123112.2 mi17$3,540,913$178,650$208,289
61265Moline, IL 6126512.6 mi124$21,505,320$137,725$173,430
61232Andalusia, IL 6123214.0 mi4$999,600$249,900$249,900
52802Davenport, IA 5280215.0 mi52$7,095,140$108,350$136,445
52728Buffalo, IA 5272815.3 mi4$300,452$75,113$75,113
61490Woodhull, IL 6149015.6 mi4$755,300$199,000$188,825
52803Davenport, IA 5280316.5 mi90$13,574,160$134,450$150,824

Frequently Asked Questions

How many homes are for sale in SHERRARD, IL 61281?

As of April 2026, there are 5 active listings in SHERRARD, IL (zip code 61281), compared to 4 the prior year.

What is the median home price in SHERRARD, IL 61281?

The median listing price in SHERRARD, IL 61281 is $314,900 as of April 2026, a 117.3% increase from $144,913 the prior year.

How long do homes stay on the market in SHERRARD, IL?

Homes in SHERRARD, IL 61281 spend an average of 20 days on the market before going under contract, compared to 57 days the prior year.

Is it a seller's or buyer's market in SHERRARD, IL 61281?

Based on current inventory and days-on-market data as of April 2026, SHERRARD, IL 61281 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 20 days on market compared to 57 days last year.

How much can I save on real estate commission in SHERRARD, IL?

With SELL123.com's maximum 3% commission, sellers in SHERRARD, IL 61281 save an estimated $6,298 compared to a typical 5% commission on the median listing price of $314,900. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.