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HERRICK, IL 62431

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

Market Overview

Active Listings
1
Pending
1
100% pending ratio
Median Price
$315,000
Average Price
$315,000
Days on Market
100

Market Context

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

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

Market Analysis

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

The HERRICK, IL real estate market (62431) currently shows 1 active listings, with 1 pending sales. Homes are averaging 100 days on the market before going under contract.

Whether you are buying or selling in HERRICK, 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 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 26.4 miles — 109 listings ($28,232,511 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62431Herrick, IL 624310.0 mi1$315,000$315,000$315,000
62080Ramsey, IL 620808.6 mi5$936,445$219,995$187,289
62571Tower Hill, IL 6257110.6 mi2$319,800$159,900$159,900
62418Brownstown, IL 6241814.5 mi4$318,000$79,500$79,500
62565Shelbyville, IL 6256516.3 mi24$3,443,472$139,500$143,478
62461Shumway, IL 6246117.1 mi2$404,900$202,450$202,450
62094Witt, IL 6209419.0 mi7$417,200$30,000$59,600
62555Owaneco, IL 6255520.4 mi1$145,000$145,000$145,000
62510Assumption, IL 6251020.9 mi6$956,850$137,000$159,475
62017Coffeen, IL 6201723.1 mi2$1,330,000$665,000$665,000
62401Effingham, IL 6240124.3 mi42$17,651,844$305,000$420,282
61957Windsor, IL 6195725.3 mi5$678,600$129,900$135,720
62550Moweaqua, IL 6255026.4 mi8$1,315,400$147,750$164,425

Frequently Asked Questions

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

As of January 2026, there are 1 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 $315,000 as of January 2026.

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

Homes in HERRICK, IL 62431 spend an average of 100 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 January 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 $6,300 compared to a typical 5% commission on the median listing price of $315,000. 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.