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HERRICK, IL 62431

Real Estate Market Report  ·  Shelby County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The HERRICK, IL real estate market (62431) currently shows 2 active listings, with 1 pending sales. Homes are averaging 29 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 29 days on market compared to 6 days last year.

The median listing price has fallen 31.7% year-over-year, from $89,250 to $61,000.

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 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
⇧ 100% vs 1 last year
Pending
1
50% pending ratio
Median Price
$61,000
⇩ 31.7% vs $89,250 last year
Average Price
$61,000
⇩ 31.7% vs $89,250 last year
Days on Market
29
⇧ 383.3% vs 6 days last year

Price Per Square Foot

Median $/sqft
$43
⇩ 55.2% vs $96/sqft last year
Median Home Size
1,416 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 2 this year vs 1 last year
  • Days on market: 29 now vs 6 last year

Median & Average Pricing

Year over Year
  • Median: $61,000 (-31.7% YoY)
  • Average: $61,000 (-31.7% 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 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 March 2026, there are 2 active listings in HERRICK, IL (zip code 62431), compared to 1 the prior year.

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

The median listing price in HERRICK, IL 62431 is $61,000 as of March 2026, a 31.7% decrease from $89,250 the prior year.

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

Homes in HERRICK, IL 62431 spend an average of 29 days on the market before going under contract, compared to 6 days the prior year.

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

Based on current inventory and days-on-market data as of March 2026, HERRICK, IL 62431 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 29 days on market compared to 6 days last year.

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 $1,220 compared to a typical 5% commission on the median listing price of $61,000. 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.