Call or Text (240) SELL-123

SHERRARD, IL 61281

Real Estate Market Report  ·  Mercer County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
6
⇧ 20% vs 5 last year
Pending
3
50% pending ratio
Median Price
$249,900
⇧ 39.3% vs $179,450 last year
Average Price
$204,380
⇧ 6.9% vs $191,267 last year
Days on Market
98
⇧ 53.1% vs 64 days last year

Market Context

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

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

Market Analysis

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

The SHERRARD, IL real estate market (61281) currently shows 6 active listings, with 3 pending sales. Homes are averaging 98 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 taking longer to sell, averaging 98 days on market compared to 64 days last year.

The median listing price has risen 39.3% year-over-year, from $179,450 to $249,900.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for SHERRARD, IL 61281 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 6 this year vs 5 last year
  • Days on market: 98 now vs 64 last year

Median & Average Pricing

Year over Year
  • Median: $249,900 (+39.3% YoY)
  • Average: $204,380 (+6.9% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 15.6 miles — 230 listings ($40,752,109 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61281Sherrard, IL 612810.0 mi6$1,226,280$249,900$204,380
61263Matherville, IL 612634.8 mi3$434,700$144,900$144,900
61273Orion, IL 612737.6 mi3$663,768$238,900$221,256
61486Viola, IL 614867.8 mi5$783,210$150,833$156,642
61240Coal Valley, IL 612409.7 mi13$3,226,652$261,500$248,204
61279Reynolds, IL 6127911.0 mi1$245,000$245,000$245,000
61231Aledo, IL 6123112.2 mi20$3,787,860$142,450$189,393
61265Moline, IL 6126512.6 mi121$21,715,144$144,900$179,464
61284Taylor Ridge, IL 6128413.5 mi2$899,800$449,900$449,900
61232Andalusia, IL 6123214.0 mi2$350,000$175,000$175,000
52802Davenport, IA 5280215.0 mi45$6,362,145$106,400$141,381
52728Buffalo, IA 5272815.3 mi5$297,750$51,750$59,550
61490Woodhull, IL 6149015.6 mi4$759,800$200,000$189,950

Frequently Asked Questions

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

As of January 2026, there are 6 active listings in SHERRARD, IL (zip code 61281), compared to 5 the prior year.

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

The median listing price in SHERRARD, IL 61281 is $249,900 as of January 2026, a 39.3% increase from $179,450 the prior year.

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

Homes in SHERRARD, IL 61281 spend an average of 98 days on the market before going under contract, compared to 64 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 January 2026, SHERRARD, IL 61281 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 98 days on market compared to 64 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 $4,998 compared to a typical 5% commission on the median listing price of $249,900. 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.