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HEROD, IL 62947

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The HEROD, IL real estate market (62947) currently shows 2 active listings, with 1 pending sales. Homes are averaging 43 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 43 days on market compared to 31 days last year.

The median listing price has fallen 81.1% year-over-year, from $317,500 to $59,900.

Whether you are buying or selling in HEROD, 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: 401  ·  Density: 2.1/mi²  ·  Median household income: $67,500

Typical home value: $162,896  ·  Homeownership: 91.8%

Market Overview

Active Listings
2
⇩ 33.3% vs 3 last year
Pending
1
50% pending ratio
Median Price
$59,900
⇩ 81.1% vs $317,500 last year
Average Price
$59,900
⇩ 81.1% vs $317,500 last year
Days on Market
43
⇧ 38.7% vs 31 days last year

Price Per Square Foot

Median $/sqft
$59
⇩ 70.6% vs $201/sqft last year
Median Home Size
1,020 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 2 this year vs 3 last year
  • Days on market: 43 now vs 31 last year

Median & Average Pricing

Year over Year
  • Median: $59,900 (-81.1% YoY)
  • Average: $59,900 (-81.1% 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 26.3 miles — 95 listings ($26,376,150 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62947Herod, IL 629470.0 mi2$229,800$114,900$114,900
62928Eddyville, IL 629289.0 mi2$48,000$24,000$24,000
62934Equality, IL 6293411.2 mi4$3,190,000$522,500$797,500
62987Stonefort, IL 6298712.7 mi4$1,008,500$219,500$252,125
62917Carrier Mills, IL 6291715.2 mi7$515,648$59,600$73,664
62919Cave In Rock, IL 6291916.0 mi2$462,000$231,000$231,000
62930Eldorado, IL 6293019.8 mi14$2,562,882$141,250$183,063
42078Salem, KY 4207820.6 mi2$2,250,000$1,125,000$1,125,000
62922Creal Springs, IL 6292221.3 mi11$3,071,079$196,500$279,189
62935Galatia, IL 6293522.5 mi5$1,061,875$209,750$212,375
42081Smithland, KY 4208122.8 mi6$2,038,620$228,600$339,770
42064Marion, KY 4206423.6 mi21$4,991,616$210,000$237,696
62995Vienna, IL 6299526.3 mi15$4,946,130$241,725$329,742

Frequently Asked Questions

How many homes are for sale in HEROD, IL 62947?

As of March 2026, there are 2 active listings in HEROD, IL (zip code 62947), compared to 3 the prior year.

What is the median home price in HEROD, IL 62947?

The median listing price in HEROD, IL 62947 is $59,900 as of March 2026, a 81.1% decrease from $317,500 the prior year.

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

Homes in HEROD, IL 62947 spend an average of 43 days on the market before going under contract, compared to 31 days the prior year.

Is it a seller's or buyer's market in HEROD, IL 62947?

Based on current inventory and days-on-market data as of March 2026, HEROD, IL 62947 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 43 days on market compared to 31 days last year.

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

With SELL123.com's maximum 3% commission, sellers in HEROD, IL 62947 save an estimated $1,198 compared to a typical 5% commission on the median listing price of $59,900. 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.