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HERRICK, IL 62431

Real Estate Market Report  ·  Shelby County
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The HERRICK, IL real estate market (62431) currently shows 2 active listings. Homes are averaging 6 days on the market before going under contract.

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Market Context

Market Context

Population: 719  ·  Density: 5.0/mi²  ·  Median household income: $70,000

Typical home value: $87,692  ·  Homeownership: 87.7%

Market Overview

Active Listings
2
—
Pending
0
0% pending ratio
Median Price
$154,375
—
Average Price
$154,375
—
Days on Market
6
—

Market Trends

Inventory & Days on Market

Year over Year

Median & Average Pricing

Year over Year

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 25.7 miles — 84 listings ($12,465,124 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62431Herrick, IL 624310.0 mi2$308,750$154,375$154,375
62080Ramsey, IL 620808.6 mi4$453,892$113,473$113,473
62557Pana, IL 6255713.2 mi24$3,410,496$122,400$142,104
62418Brownstown, IL 6241814.5 mi4$1,063,168$146,000$265,792
62565Shelbyville, IL 6256516.3 mi23$3,181,843$133,250$138,341
62461Shumway, IL 6246117.1 mi2$404,900$202,450$202,450
62094Witt, IL 6209419.0 mi7$515,375$54,750$73,625
62555Owaneco, IL 6255520.4 mi1$145,000$145,000$145,000
62510Assumption, IL 6251020.9 mi4$625,500$137,000$156,375
62051Irving, IL 6205122.0 mi3$515,400$75,000$171,800
62534Findlay, IL 6253423.6 mi4$963,800$240,950$240,950
62262Mulberry Grove, IL 6226225.1 mi1$110,000$110,000$110,000
62880Saint Peter, IL 6288025.7 mi5$767,000$157,825$153,400

Frequently Asked Questions

How many homes are for sale in HERRICK, IL 62431?

As of September 2026, there are 2 active listings in HERRICK, IL (zip code 62431).

What is the median home price in HERRICK, IL 62431?

The median listing price in HERRICK, IL 62431 is $154,375 as of September 2026.

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

Homes in HERRICK, IL 62431 spend an average of 6 days on the market before going under contract.

Is it a seller's or buyer's market in HERRICK, IL 62431?

Based on current inventory and days-on-market data as of September 2026, HERRICK, IL 62431 is currently a Balanced Market.

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

With SELL123.com's maximum 3% commission, sellers in HERRICK, IL 62431 save an estimated $3,088 compared to a typical 5% commission on the median listing price of $154,375. 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.